Publication: Private Sector Participation in the Power Sector in Europe and Central Asia : Lessons from the Last Decade
Date
2003-06
ISSN
Published
2003-06
Author(s)
Krishnaswamy, Venkataraman
Stuggins, Gary
Abstract
The Californian power crisis appears to
have greatly rekindled the latent doubts on moving to more
competitive market structures for such an essential service
as electricity. The recent collapse of Enron and several
other industrial giants, as well as doubts about the
reliability of external audits (resulting, in particular, in
the collapse of Arthur Anderson) and the slide in the stock
values of AES and other companies has eroded the confidence
in the institutional pillars of the market, such as
corporate disclosure, external audit, and oversight by
regulators and Security Exchange Commissions. Major energy
investors, at least in North America, seem to be anxious to
clean up their balance sheets to eliminate from their
portfolio unprofitable and risky investments. Against this
backdrop, the objective of this study is to review the
experiences in the ECA regio
Citation
“Krishnaswamy, Venkataraman; Stuggins, Gary. 2003. Private Sector Participation in the Power Sector in Europe and Central Asia : Lessons from the Last Decade. World Bank Working Paper;No. 8. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/a40df2e6-96a2-5509-bc5e-c169345de3ed License: CC BY 3.0 IGO.”
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