| Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia Contributor(s): Balabanyan, Ani (Author), Vrenezi, Edon (Author), Pierce, Lauren (Author) |
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ISBN: 0821387383 ISBN-13: 9780821387382 Publisher: World Bank Publications OUR PRICE: $24.75 Product Type: Paperback - Other Formats Published: March 2011 |
| Additional Information |
| BISAC Categories: - Business & Economics | Infrastructure - Business & Economics | Public Finance - Business & Economics | Industries - Energy |
| Dewey: 332.672 |
| LCCN: 2011006397 |
| Physical Information: 0.26" H x 6" W x 9" (0.38 lbs) 120 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This study analyzes the impacts of the financial crisis on power sectors in five countries in the region: Armenia, Kyrgyz Republic, Romania, Serbia and Ukraine. Before the financial crisis, these countries faced expected power shortages as a result of large investment gaps. With the financial crisis, GDP dropped, leading to a drop in demand for electricity. The drop in demand created a window of opportunity for meeting investment needs, but the crisis has limited the sources of financing available to the sector. In the post-crisis period, the study concludes that policymakers need to prioritize public spending and create a legal and regulatory environment more conducive to private investment. |