FYR Macedonia Energy Policy Paper
This Report provides an overview of the investment, and policy choices in the Macedonian energy sector. On the investment side, the Report highlights the criteria under which potential investments in a new Combined Heat and Power (CHP) plant, and a...
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| Format: | Energy Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/07/4971144/macedonia-energy-policy-paper http://hdl.handle.net/10986/15683 |
| Summary: | This Report provides an overview of the
investment, and policy choices in the Macedonian energy
sector. On the investment side, the Report highlights the
criteria under which potential investments in a new Combined
Heat and Power (CHP) plant, and a new coal mine, should
proceed. The Report focuses on reforms that would be
required to support the CHP project, namely ratification by
Macedonia of the Kyoto Protocol, and resolution of ownership
issues related to the gas pipeline linking Skopje to
Bulgaria. The Report recommends development of a Skopje
gasification project, and a Renewable Energy Project.
Regarding reforms to support Macedonia's participation
in the regional energy market, the Report concludes that
good progress is being made, particularly as regards
development of a regulatory framework for the energy
industry. The Report recommends that the Electric Power
Company of Macedonia (ESM) be restructured, prior to
privatization, with hydro assets being separated from
thermal generation, and that possible ownership, be
separated from thermal generation and distribution. The
Report also questions the economic viability of the Skopje
oil refinery, and recommends a review be undertaken. By and
large, the report highlights the outstanding energy sector
challenges, that fall in two broad categories: maintaining
energy balance, and reform challenges. Regarding energy
balance, the Government should support the most economically
beneficial investment projects from the various
alternatives. This (economics based decision making) neither
a priori prefers, nor precludes, the use of domestic primary
resources for energy supply. It is specified that further
work is required to evaluate the economic benefits of new
gas pipelines, which would facilitate transport of Caspian
gas through Macedonia to western Europe. |
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