Attracting Private Investment through Power Sector Reforms

Rehermann, Thomas ; Shi, Lin

International Finance Corporation, Washington, DC

关键词: POWER SECTOR REFORM;    PRIVATE INVESTMENT;    EMERGING MARKET ECONOMIES;    ENERGY DEMAND;    INFRASTRUCTURE INVESTMENT;   

RP-ID  :  109469

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Private sector investment is much neededin emerging markets to upgrade energy supplies, but toooften power utilities in these markets are uncompetitive. Inorder to attract private investment, many aspects of howpower utilities are operated need to be reformed. With theirexperience in helping to structure and finance successfulinfrastructure projects in emerging markets, developmentfinance institutions are well positioned to support emergingmarket government efforts to translate power sector reformsinto private investment. Public utilities in emergingmarkets are often uncompetitive, creating a drag on economicgrowth and development. Public sector reform, however, cancreate the enabling environment needed to attract muchneeded private sector investment to energy projects. IFCprojects in the Philippines and Pakistan demonstrate howdevelopment institutions can play a role in spurring reformand bringing in private capital.