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

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dc.contributor.authorBalabanyan, Ani
dc.contributor.authorVrenezi, Edon
dc.contributor.authorPierce, Lauren
dc.contributor.authorHankinson, Denzel
dc.date.accessioned2012-03-19T09:03:13Z
dc.date.available2012-03-19T09:03:13Z
dc.date.issued2011-03-22
dc.description.abstractBefore the onset of the global financial crisis in late 2008, countries in Eastern Europe and Central Asia (ECA) experienced strong economic growth. Demand for electricity increased steadily with gross domestic product (GDP). GDP grew, on average, 6.5 percent between 2000 and 2007, and electricity consumption per capita grew 2.75 percent. Meanwhile, energy security and supply reliability were a growing concern for policymakers and planners. Despite increased access to financing through the opening of international financial markets, under-maintenance of old soviet-era power sector infrastructure created a backlog of critical investments threatening the stability of the sector. As a result, a gap between demand and available supply capacity was beginning to emerge. This report analyzes the impacts of the financial crisis on power sectors in the ECA region through the experience of five countries (the study countries); Armenia, the Kyrgyz Republic, Romania, Serbia, and Ukraine. The report's objective is to help policymakers in the region plan and prioritize electricity sector investments in the wake of the financial crisis, and to provide a basis for future discussions about World Bank assistance.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110411012951
dc.identifier.doi10.1596/978-0-8213-8738-2
dc.identifier.isbn978-0-8213-8738-2
dc.identifier.urihttps://hdl.handle.net/10986/2284
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesDirections in Development ; energy and mining
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO FINANCING
dc.subjectADVISORY SERVICE
dc.subjectAFFORDABILITY
dc.subjectAPPROACH
dc.subjectAPPROVAL PROCESS
dc.subjectARREARS
dc.subjectAVAILABILITY
dc.subjectBALANCE
dc.subjectBANK DEBT
dc.subjectBANK FINANCING
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBARRIERS TO INVESTMENT
dc.subjectBIDS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBORROWING CAPACITIES
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET DEFICITS
dc.subjectCAPITAL CONSTRAINTS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCENTRAL BANK
dc.subjectCHEMICAL INDUSTRIES
dc.subjectCOAL
dc.subjectCOAL MINES
dc.subjectCOAL MINING
dc.subjectCOAL PRODUCTION
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMBUSTION
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK LENDING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LENDERS
dc.subjectCOMMERCIAL LENDING
dc.subjectCONSUMPTION OF ENERGY
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCOST OF ELECTRICITY
dc.subjectCREDIBILITY
dc.subjectCREDIT GROWTH
dc.subjectCREDIT GUARANTEE
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT RISK
dc.subjectCURRENCY
dc.subjectCURRENCY DEPRECIATION
dc.subjectCURRENCY DEPRECIATIONS
dc.subjectDEBT LEVELS
dc.subjectDEBT PAYMENT
dc.subjectDEBT SERVICE
dc.subjectDEFAULT RATINGS
dc.subjectDEMAND FOR ELECTRICITY
dc.subjectDEMAND FORECAST
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectELECTRICITY
dc.subjectELECTRICITY CONSUMPTION
dc.subjectELECTRICITY DEMAND
dc.subjectELECTRICITY PRODUCERS
dc.subjectELECTRICITY TARIFF
dc.subjectEMISSION
dc.subjectEMISSION REDUCTION
dc.subjectEMPLOYMENT
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY DEMAND
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY EFFICIENCY INVESTMENTS
dc.subjectENERGY OUTLOOK
dc.subjectENERGY SHORTAGE
dc.subjectENERGY SHORTAGES
dc.subjectENERGY SUPPLY
dc.subjectENFORCEMENT OF CONTRACTS
dc.subjectEQUIPMENT
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY FINANCING
dc.subjectEQUITY INVESTMENTS
dc.subjectEQUITY INVESTORS
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFINANCIAL COVENANTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCING COSTS
dc.subjectFINANCING NEEDS
dc.subjectFISCAL CONSTRAINTS
dc.subjectFIXED COSTS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN INVESTORS
dc.subjectFUEL
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL COSTS
dc.subjectFUEL PRICES
dc.subjectGAP FINANCING
dc.subjectGAS
dc.subjectGAS PRICES
dc.subjectGENERATING CAPACITY
dc.subjectGENERATION
dc.subjectGENERATION CAPACITY
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT BUDGET DEFICITS
dc.subjectGOVERNMENT POLICY
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEAT
dc.subjectHEAT TARIFF
dc.subjectHIGH ELECTRICITY DEMAND
dc.subjectHIGHER GAS
dc.subjectHOLDING
dc.subjectHYDROPOWER
dc.subjectHYDROPOWER PLANT
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINVESTING
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT IN ENERGY EFFICIENCY
dc.subjectINVESTMENT PLANS
dc.subjectINVESTMENT STRATEGY
dc.subjectKILOWATT HOUR
dc.subjectLACK OF TRANSPARENCY
dc.subjectLARGE POWER PLANTS
dc.subjectLEGAL OBLIGATION
dc.subjectLENDERS
dc.subjectLENDING CONDITIONS
dc.subjectLENDING REQUIREMENTS
dc.subjectLINE OF CREDIT
dc.subjectLIQUIDITY
dc.subjectLOAN AGREEMENT
dc.subjectLOCAL CURRENCIES
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM INTEREST
dc.subjectLONG-TERM INTEREST RATES
dc.subjectLONG-TERM INVESTMENTS
dc.subjectMARKET PRICES
dc.subjectMARKET REFORMS
dc.subjectMARKET RISK
dc.subjectMARKET RISKS
dc.subjectMARKET SHARE
dc.subjectMARKET TRANSACTIONS
dc.subjectMATURITIES
dc.subjectMONETARY FUND
dc.subjectNATURAL GAS
dc.subjectNATURAL GAS PRICES
dc.subjectNEW COMPANIES
dc.subjectNON-PERFORMING LOANS
dc.subjectNUCLEAR FUEL
dc.subjectNUCLEAR POWER
dc.subjectNUCLEAR POWER PLANT
dc.subjectOIL
dc.subjectOPERATING COST
dc.subjectOPERATING COSTS
dc.subjectPARTIAL CREDIT
dc.subjectPARTIAL RISK
dc.subjectPAYMENT OBLIGATIONS
dc.subjectPEAK DEMAND
dc.subjectPOWER
dc.subjectPOWER PLANT
dc.subjectPOWER SECTOR
dc.subjectPOWER SECTORS
dc.subjectPRICE OF COAL
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR FINANCING
dc.subjectPRIVATIZATION
dc.subjectPROFIT MARGINS
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTION MEASURES
dc.subjectPUBLIC BUDGETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC SPENDING
dc.subjectRECESSION
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREINVESTMENT
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY CAPACITY
dc.subjectRENEWABLE ENERGY PROJECTS
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON INVESTMENT
dc.subjectSHAREHOLDERS
dc.subjectSHORT-TERM BORROWINGS
dc.subjectSHORT-TERM DEBT
dc.subjectSOVEREIGN DEBT
dc.subjectSTRATEGIC INVESTORS
dc.subjectSUPPLY OF FINANCING
dc.subjectSUSTAINABLE INVESTMENT
dc.subjectTARIFF LEVELS
dc.subjectTAX
dc.subjectTAX EXEMPTIONS
dc.subjectTAX REVENUES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNICAL SUPPORT
dc.subjectTHERMAL POWER
dc.subjectTHERMAL POWER PLANT
dc.subjectTHERMAL POWER PLANTS
dc.subjectTRADING
dc.subjectTRANSMISSION SYSTEM
dc.subjectTREATY
dc.subjectUNEMPLOYMENT
dc.subjectUNION
dc.subjectUTILITY COMPANY
dc.subjectWIND
dc.subjectWIND POWER
dc.subjectWIND POWER PLANTS
dc.subjectWORKING CAPITAL
dc.titleOutage : Investment Shortfalls in the Power Sector in Eastern Europe and Central Asiaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.crossref.titleOutage
okr.date.disclosure2011-04-11
okr.date.doiregistration2025-04-15T11:04:10.195247Z
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110411012951
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeEnergy and Extractives
okr.guid884971468029666069
okr.identifier.doi10.1596/978-0-8213-8738-2
okr.identifier.externaldocumentum000333037_20110411012951
okr.identifier.internaldocumentum14036072
okr.identifier.report60811
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/04/11/000333037_20110411012951/Rendered/PDF/608110PUB0Outa10Box358333B01PUBLIC1.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.geographicalEastern Europe
okr.region.geographicalCentral Asia
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEnergy::Energy Production and Transportation
okr.unitEnergy (ECSS2)
okr.volume1 of 1
relation.isSeriesOfPublication706db16a-e556-46f0-8283-1b4a4b88645c
relation.isSeriesOfPublication.latestForDiscovery706db16a-e556-46f0-8283-1b4a4b88645c
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