Private Sector Participation in the Power Sector in Europe and Central Asia : Lessons from the Last Decade

Krishnaswamy, Venkataraman ; Stuggins, Gary

Washington, DC:World Bank

关键词: ABATEMENT;    ACCOUNTING;    ASSET SALES;    AUDITS;    BALANCE SHEETS;   

DOI  :  10.1596/0-8213-5529-5
RP-ID  :  26516

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The Californian power crisis appears tohave greatly rekindled the latent doubts on moving to morecompetitive market structures for such an essential serviceas electricity. The recent collapse of Enron and severalother industrial giants, as well as doubts about thereliability of external audits (resulting, in particular, inthe collapse of Arthur Anderson) and the slide in the stockvalues of AES and other companies has eroded the confidencein the institutional pillars of the market, such ascorporate disclosure, external audit, and oversight byregulators and Security Exchange Commissions. Major energyinvestors, at least in North America, seem to be anxious toclean up their balance sheets to eliminate from theirportfolio unprofitable and risky investments. Against thisbackdrop, the objective of this study is to review theexperiences in the ECA regio