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D. Political Will |
The consultants contacted for this report were unanimous in their discussion of the need for strong political commitment for power sector privatization to succeed. The need for political will cannot be overemphasized, as it requires the government to make difficult and politically challenging choices that affect powerful interest groups in society, including government ministries, IT, or unions, industrial customers, and the public at large. While these groups often have difficulty coalescing, they potentially can unite in their opposition to power sector privatization. The participants stressed that it is important to recognize these important 'audiences' for privatization, and noted that they must be informed and communicated with throughout the privatization process, in order to reduce opposition and strengthen political will.
Most importantly, the participants noted that a strongly worded law on privatization, together with the creation of a competent privatization agency and strong regulatory authority, can be effective tools for creating the political will necessary to combat interests entrenched against privatization.
Finally, the participants agreed that power sector privatization is a process that requires the support of, but that cannot completely delegate to, bankers, the privatization agency, and the regulator. It involves a joint effort of many parties, supported at the most senior level of government by committed political leadership.
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Source: |
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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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