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Category : Electronic book
Languages : en
Pages :
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Author:
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Category : Electronic book
Languages : en
Pages :
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Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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This report reviews the evolution of the Indian power sector since the landmark Electricity Act of 2003 (EA 2003, or EA), with a focus on distribution as key to performance and viability of the sector. While all three segments of the power sector generation, transmission, and distribution are important, revenues originate with the customer at distribution, so subpar performance there hurts the entire value chain. Persistent operational and financial shortcomings in distribution have repeatedly led to central bailouts for the whole sector, even though power is a concurrent 1 subject under the Indian constitution and distribution is almost entirely under state control. Ominously, the recent sharp increase in private investment and market borrowing means power sector difficulties are more likely to spill over to lenders and affect the broader financial sector. Government-initiated reform efforts first focused on the generation and transmission segments, reflecting the urgent need for adding capacity and the complexity of issues to be addressed at the consumer interface. Consequently, distribution improvements have lagged, but it is now clear that they need to be a priority. This report thus analyzes the multiple sources of weakness in distribution and identifies the key challenges to improving performance in the short and medium term.
Author: Mani Khurana
Publisher: World Bank Publications
ISBN: 1464803935
Category : Business & Economics
Languages : en
Pages : 151
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In September 2012, the Government of India approved a financial rescue scheme to revive the power generation sector. This bailout amounted to about Rs 1.9 trillion and came in response to banks and financial institutions with large nonperforming loans to the power sector. This is the second bailout of the sector in a decade. The first was in 2002 when the government had to convert the outstanding arrears of state electricity boards to central public sector undertakings. The 2002 bailout came to Rs 400 billion in state government bonds to restore the sector to financial solvency. The recent crisis and consequent bailout is more complicated than the 2002 bailout. Power sector developments in the past two decades have brought new players into a traditionally government-dominated sector, and they have also been implicated in the crisis. India has adopted transformative policy changes since the last bailout. A landmark Electricity Act was passed in 2003, superseding all previous legislation. The strategic intent of the act was to promote competition by opening all possible avenues for the procurement and sale of electric power. Subsidiary policies and enabling legislation have advanced this process. Competitive markets have evolved and attracted new investments, largely from the private sector. The institutional structure of the traditionally public sector-dominated industry has also been transformed. Aside from the entry of new private sector participants, primarily in generation, the state electricity boards (SEBs) were unbundled into generation, transmission, distribution, and, in a few cases, trading segments. State electricity regulatory commissions (SERCs) were also established in all the states. Over the next two decades, India faces immense challenges if it is to sustain the 8 to 10 percent growth rate required to end poverty and achieve human development goals. According to the Planning Commission, India needs to triple or quadruple its primary energy supply and increase its installed electricity capacity by at least five or six times its 2004 levels to meet demand in 2032. To accomplish these ambitious goals, India will need a commercially viable power sector. This report presents a diagnostic of the financial and operational performance of segments in the power sector value chain between adoption of the Electricity Act, 2003, and 2011, including the factors that contributed to the recent crisis. The report focuses on efficiency and productivity, whether performance has improved over time, and which states have emerged as performance leaders. Analysis of this kind is not new or unique, but this report aims to integrate historical performance, the current situation, and future projections of the impact of worsening sector finances, and the actions that need to be taken to check the downturn.
Author: World Bank. Energy Development Division
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
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Author: Glachant, Jean-Michel
Publisher: Edward Elgar Publishing
ISBN: 1788979958
Category : Business & Economics
Languages : en
Pages : 672
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Book Description
With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.
Author: Bernard Tenenbaum
Publisher: World Bank Publications
ISBN: 1464801118
Category : Business & Economics
Languages : en
Pages : 421
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Book Description
This report describes the four basic types of on- and off-grid small power producers emerging in Africa and highlights the regulatory and policy questions that must be answered by electricity regulators, rural energy agencies, and ministries to promote commercially sustainable investments by private operators and community organizations.
Author: Robert P. Taylor
Publisher: World Bank Publications
ISBN: 0821373056
Category : Science
Languages : en
Pages : 306
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While energy efficiency projects could partly meet new energy demand more cheaply than new supplies, weak economic institutions in developing and transitional economies impede developing and financing energy efficiency retrofits. This book analyzes these difficulties, suggests a 3-part model for projectizing and financing energy efficiency retrofits, and presents thirteen case studies to illustrate the issues and principles involved.
Author: World Bank
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 152
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"India is uniquely placed to help reduce global poverty and boost shared prosp rity. While the country has achieved encouraging results in recent years in tackling these dual challenges, it remains home to one-third of the world's poor, as well as the largest number of people who have recently escaped poverty but are still vulnerable to falling bacl,<. India is now in the midst of an important transition, casting off its long-held status as a developing nation to emerge as a new leader in the international economic arena. Strong support for the country at this crucial juncture can help bend the arc of history by accelerating the decline in poverty both in India and the world. India's ongoing transformation calls for a new phase in its long-standing partnership with World Bank Group (WBG). The new Country Partnership Strategy (FY2013-17) between India and the WBG responds by setting out a program of support- from the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA} that seeks to develop transformational and innovative solutions to tackle the country's most pressing development challenges, especially in the poorest, least developed, and most isolated of its states. A more pronounced focus on India's low-income states (Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh) and on urbanization are haUmarks of this new phase of partnership, and represents a key strategic shift in the WBG's support to India's development. The strategy seeks to help India Jay the foundation for achieving a long-term vision for 2030- a vision of the nation as a global economic powerhouse where more and more people share the benefits of growth and where no more than 5.5 percent of the population lives in poverty and 41.3 percent of the population is no longer vulnerable to falling back. Key Elements of the World Bank Group Strategy To help achieve the vision for India in 2030 and contribute to its ongoing transformation, the WBG strategy focuses on three broad areas of engagement: integration, rural-urban transformation and inclusion. Improving domestic- as well as regional and global- integration is key to high, sustained growth, and accelerated poverty reduction. As India continues to transform from a largely rural, agrarian economy into an increasingly urbanized one, more emphasis will be needed on creating strong linkages between the urban and rural parts of the country. WBG will support efforts to help India and its people reap the benefits of urbanization while also improving agricultural productivity. A third area of support is to work in partnership to help foster the inclusion of all social and economic groups - regardless of age, gender, caste, or place of residence - thus ensuring that the benefits of faster economic growth touch the lives of all of India's people. All three areas of engagement will share a focus on improving governance, promoting environmental sustainability, and bolstering gender equality. World Bank Group Support Given the deep and complex challenges confronting a rapidly changing country, the strategy makes the case for continued high levels of support for India. Aware that WBG finances will always be modest compared to the task at hand, the strategy aims to leverage resources in creative ways that take into account the different strengths of India's states and regions, the entrepreneurial spirit of its people, the deep experience of civil society, and the convergence of better governance and social responsibility. To make a meaningful contribution to the assault on poverty, the volume of support from the WBG should be in the order of about $5 billion per year over the next five years. For the WBG's endeavors to be effective, actions will be required at the national level, at lower levels of government, as well as through partnerships with the private sector, civil society and development partners. The strategy is closely aligned with India's own vision for development outlined in the 12th Five-Year Plan (FY2013- 17), which calls for ""faster, sustainable, and more inclusive growth"". Lessons have been incorporated from the Group's long-term engagement in the country, and take into account learning from the previous strategy (FYi009-12) as well as inputs from experts across a broad spectrum of economic, social, and government sectors. "
Author: J. Edgardo Campos
Publisher: World Bank Publications
ISBN: 0821367269
Category : Business & Economics
Languages : en
Pages : 484
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Book Description
Corruption... How can policymakers and practitioners better comprehend the many forms and shapes that this socialpandemic takes? From the delivery of essential drugs, the reduction in teacher absenteeism, the containment of illegal logging, the construction of roads, the provision of water andelectricity, the international trade in oil and gas, the conduct of public budgeting and procurement, and the management of public revenues, corruption shows its many faces. 'The Many Faces of Corruption' attempts to bring greater clarity to the often murky manifestations of this virulent and debilitating social disease. It explores the use of prototype road maps to identify corruption vulnerabilities, suggests corresponding 'warning signals,' and proposes operationally useful remedial measures in each of several selected sectors and for a selected sampleof cross cutting public sector functions that are particularlyprone to corruption and that are critical to sector performance.Numerous technical experts have come together in this effort to develop an operationally useful approach to diagnosing and tackling corruption. 'The Many Faces of Corruption' is an invaluable reference for policymakers, practitioners, andresearchers engaged in the business of development.
Author:
Publisher:
ISBN: 9789211206906
Category : Asia
Languages : en
Pages : 186
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