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I. Key Elements of Power Sector Strategic Privatization |
The following general conclusions, discussed in more detail below, drive privatization in the energy sector:
 The ultimate purpose of a privatization is to improve the overall efficiency and reliability of service. Objectives of privatization supporting this goal include gaining access to private capital and new management skills, reducing corruption, and fostering further rationalization of the sector through policy reforms that improve incentives for good performance by new owners;
Attracting international strategic investors is critical to achieving privatization objectives;
Strop political will to overcome entrenched interests is necessary to ensure a success a power sector privatization;
Creating a stable, understandable legal and regulatory framework is a prerequisite for attracting qualified strategic investors;
Risk is relatively high compared to other regions of the world. It is important for each country to make their sale stand out from the crowd. This is best accomplished through the reduction of risk to investors through sound sector policies and by adopting open and transparent procedures for privatization and the ensuing regulation of privatized assets;
Privatization has multiple audiences, all of whom should be reached and informed; and
Successful privatizations share many common procedures.
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Table
of contents |
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I. Power Sector Privatization |
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II. Privatization Process |
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Conclusion |
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