Outage : Investment Shortfalls inthe Power Sector in Eastern Europe and Central Asia

Balabanyan, Ani ; Vrenezi, Edon ; Pierce, Lauren ; Hankinson, Denzel

World Bank

关键词: ACCESS TO FINANCING;    ADVISORY SERVICE;    AFFORDABILITY;    APPROACH;    APPROVAL PROCESS;   

DOI  :  10.1596/978-0-8213-8738-2
RP-ID  :  60811

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Before the onset of the global financialcrisis in late 2008, countries in Eastern Europe and CentralAsia (ECA) experienced strong economic growth. Demand forelectricity increased steadily with gross domestic product(GDP). GDP grew, on average, 6.5 percent between 2000 and2007, and electricity consumption per capita grew 2.75percent. Meanwhile, energy security and supply reliabilitywere a growing concern for policymakers and planners.Despite increased access to financing through the opening ofinternational financial markets, under-maintenance of oldsoviet-era power sector infrastructure created a backlog ofcritical investments threatening the stability of thesector. As a result, a gap between demand and availablesupply capacity was beginning to emerge. This reportanalyzes the impacts of the financial crisis on powersectors in the ECA region through the experience of fivecountries (the study countries); Armenia, the KyrgyzRepublic, Romania, Serbia, and Ukraine. The report'sobjective is to help policymakers in the region plan andprioritize electricity sector investments in the wake of thefinancial crisis, and to provide a basis for futurediscussions about World Bank assistance.