eBook

Revisiting public-private partnerships in the power sector

Vagliasindi, Maria

2013

Overview

As the world demand for energy continues to grow, a big question is where will all the energy come from and what will the price tag be. With such enormous sums needed, public-private partnerships (PPPs) could play a big role. But the financial crisis has raised worries about funding, and much is still not known about how best to attract PPPs. This report reviews the evidence to date with sectoral reforms and considers different approaches in varying circumstances to help outline the potential role of the private and public sector in: 1) strengthening the corporate governance of private and public utilities; 2) helping governments to establish legal, regulatory, contractual, and fiscal frameworks; and 3) improved market governance to attract private investment. Chapter one reviews the impact of the recent financial crisis on PPP investment compared with what happened in earlier financial crises. It also looks out the latest projections for additional power sector investment needed because of climate change and the possible sources of financing. Chapter two examines how PPP investment in the power sector has fared. It also gives the results of an econometric study that explores which types of incentives and variables matter most to PPPs when they are weighing entering the power sector, especially in renewables, and what influences the ongoing level of investment. The idea is to provide a powerful benchmarking tool at the sector and country levels against which governments and policy makers can evaluate progress on this issue. Chapter three examines four case studies-in China, Brazil, Peru, and Mexico-to identify, disseminate, and promote best practices on alternative ways to attract PPPs.

• Publisher: THE WORLD BANK,World Bank,World Bank Publications,The World Bank,Washington, DC: World Bank
• Subject: ABATEMENT / ABATEMENT COST / ABATEMENT POTENTIAL / ACCESS TO ELECTRICITY / ADAPTATION TO CLIMATE CHANGE / AIR / ALLOCATION / ANNUAL COST / APPROACH / AUCTION / AUCTIONS / AVAILABILITY / BALANCE / BASELINE EMISSIONS / BIOMASS / BUS072000 - BUSINESS & ECONOMICS / Business networks / CARBON / CARBON CREDITS / CARBON DIOXIDE / CARBON EMISSIONS / CARBON EMISSIONS FROM FOSSIL / CARBON ENERGY / CARBON MARKET / CARBON MARKETS / CARBON MITIGATION / CLEAN ENERGY / CLEAN FUELS / CLIMATE / CLIMATE CHANGE / CLIMATE CHANGE MITIGATION / CLIMATE CHANGE POLICIES / CLIMATE CHANGE POLICY / CLIMATE CHANGE SCENARIOS / CLIMATE POLICY / CO2 / COAL / COAL MINES / COLORS / COMMERCIAL BANKS / CONVENTIONAL ELECTRICITY / CONVENTIONAL ELECTRICITY GENERATION / CONVENTIONAL GENERATION / Cooperation / CORPORATE GOVERNANCE / COST OF CARBON / COST OF ELECTRICITY / DECENTRALIZATION / DEMAND FOR ENERGY / DEMAND FOR POWER / DEVELOPING COUNTRIES / DEVELOPING COUNTRY / Development / DIESEL / DOMESTIC PRODUCTION / DOMESTIC SOURCES / ECONOMIC COSTS / ECONOMIC GROWTH / ECONOMIC RECOVERY / ECONOMIC SECTORS / ELECTRIC POWER / ELECTRICITY / ELECTRICITY CAPACITY / ELECTRICITY DEMAND / ELECTRICITY DEMAND GROWTH / ELECTRICITY DISTRIBUTION / ELECTRICITY GENERATION / ELECTRICITY PRODUCTION / ELECTRICITY SALES / ELECTRICITY SECTOR / ELECTRICITY SUPPLY / ELECTRICITY TARIFFS / ELECTRICITY UTILITIES / EMERGING ECONOMIES / EMISSION / EMISSION TRADING / EMISSIONS / EMISSIONS FROM DEFORESTATION / EMISSIONS PROJECTIONS / EMPLOYMENT / Energy / ENERGY EFFICIENCY / Energy industry / ENERGY MIX / ENERGY OUTLOOK / ENERGY RESOURCES / ENERGY SECURITY / ENERGY SOURCES / ENERGY SUBSIDIES / ENERGY SUPPLY / ENERGY USE / FINANCIAL ASSISTANCE / FINANCIAL COSTS / FINANCIAL CRISES / FINANCIAL CRISIS / FINANCIAL INSTRUMENTS / FINANCIAL MARKETS / FINANCIAL PERFORMANCE / FINANCIAL SECTOR / FINANCIAL SUPPORT / FINANCING OF INVESTMENT / FOREST / FOREST DEGRADATION / FORESTRY / FOSSIL / FOSSIL FUEL / FOSSIL FUEL POWER / FOSSIL FUEL POWER PLANTS / FOSSIL FUEL PRICES / FOSSIL FUEL USE / FOSSIL FUELS / FRAMEWORK CONVENTION ON CLIMATE CHANGE / FUEL / FUEL COSTS / FUEL OIL / GAS PRICES / GAS SUPPLY / GAS TURBINE / GENERATION CAPACITY / GEOTHERMAL TECHNOLOGIES / GHG / GLOBAL ENERGY DEMAND / GLOBAL WARMING / Governance / GOVERNMENT BUDGETS / GOVERNMENT POLICY / GREENHOUSE / GREENHOUSE GASES / GROSS DOMESTIC PRODUCT / GROWTH IN DEMAND / GROWTH IN DEMAND FOR ELECTRICITY / HEAT / HYDRO POWER / HYDROPOWER / HYDROPOWER PLANT / IMPORTS / INCOME / INFORMATION SYSTEMS / INSURANCE / INSURANCE MARKET / INTEREST RATE / INTERNATIONAL BANK / INTERNATIONAL FINANCIAL INSTITUTIONS / INVESTING / INVESTMENT REQUIREMENTS / IPCC / KILOWATT-HOUR / LONG-TERM FINANCING / LOW-CARBON / LOWER DEMAND / LOWER ELECTRICITY DEMAND / MARKET ENVIRONMENT / MARKET GOVERNANCE / MARKET REFORMS / MARKET SIZE / MONETARY POLICY / NATURAL GAS / NUCLEAR PLANT / NUCLEAR PLANTS / OIL / OIL CONSUMPTION / OIL PRICE / PER CAPITA INCOME / PETROLEUM / POLICY MAKERS / POLICY SCENARIO / POLITICAL ECONOMY / POWER / POWER CORPORATION / POWER COSTS / POWER CRISIS / POWER GENERATION / POWER PLANT / POWER PLANTS / POWER PRODUCER / POWER PROJECT / POWER PURCHASE AGREEMENTS / POWER SECTOR / POWER SECTORS / POWER SHORTAGES / POWER SOURCES / POWER STATION / POWER STATIONS / POWER SUPPLY / PRECIPITATION / PRESENT VALUE / PRICE OF OIL / PRICE TAG / PRIVATE CAPITAL / PRIVATE INVESTMENT / PRIVATE INVESTORS / Private Sector Development / Private Sector Participation-Renewables-Public Private Partnerships-Power shortaes-Power Sector Reforms-Fossil fuels-Feed-in tariffs-Regulatory Reforms-Investment in the power sector-Auctions / PUBLIC ASSETS / PUBLIC SPENDING / PUBLIC UTILITIES / Public-private partnership / Public-private sector cooperation / REAL ESTATE / REAL INTEREST / REAL INTEREST RATES / REGULATORY FRAMEWORKS / RENEWABLE ENERGIES / RENEWABLE ENERGY / RENEWABLE ENERGY PROJECTS / RENEWABLE GENERATION / RENEWABLE POWER / RENEWABLE SOURCES / RENEWABLE SOURCES OF ENERGY / RESIDUAL FUEL / RESIDUAL FUEL OIL / RESPONSE TO CLIMATE CHANGE / RETURN / SCENARIOS / SMALL POWER PRODUCERS / SOLAR POWER / Strategic alliances (Business) / Sustainable Development / TEMPERATURE / THERMAL ENERGY / THERMAL POWER / THERMAL POWER PLANT / TRADABLE CARBON / TRANSMISSION INFRASTRUCTURE / TRANSMISSION LINES / TRANSMISSION LOSSES / TRANSMISSION SYSTEM / UNEP / WHOLESALE POWER / WIND / WIND CAPACITY / WIND GENERATION / WIND POWER / WIND POWER CAPACITY
• ISBN: 9780821397626, 0821397621