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E. Competition for Investors
Investors will choose their investments carefully, and a privatizing country must compete for investor interest. The need to show how a particular privatization stands out from the rest is particularly acute now that strategic investors have gained experience in purchasing privatized assets. They have grown wary from unanticipated obstacles after their purchases, and are looking for an investment environment that reflects an understanding of and responsiveness to investor needs. The more the privatizing country can demonstrate to potential investors that it knows what they are looking for and that it is prepared to offer them a fair opportunity to make a reasonable return, the more interest the privatization will generate.

 
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 Table of contents
Disclaimer
Introduction
I. Power Sector Privatization
 

 Key Elements

A.

Goal and Objectives

B.

Importance of Strategic Investor

C.

 Power Sector Framework

 1.

Market Restructuring

 2.

Legal and Regulatory Framework
D.  Political Will
E.

Competition for Investors

F. The Privatization Audience
II. Privatization Process
A.

An Open and Transparent Process

B.

Sale of a Controlling Interest

C.  Order of Sale
D.

Re-aggregation

E. Participants in Privatization
F. Timetable
G.

The Sale Process

1.

The Launch

2.

Tender Versus Negotiation

3.

Two Phases

H.  The Winner
I.

Social Impacts

Conclusion
 
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