Key Factors for Private Sector Investment in Power Distribution
This paper was produced at the request of the Government of Uganda, as part of the ESMAP Power Restructuring Implementation Strategy in the country. On looking at the key factors that influence the private sector's evaluation of, and investmen...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/08/1735285/key-factors-private-sector-investment-power-distribution http://hdl.handle.net/10986/20291 |
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okr-10986-202912021-04-23T14:03:37Z Key Factors for Private Sector Investment in Power Distribution Pricewaterhousecoopers Securities AFFILIATED ORGANIZATIONS BID COMPANY COMPETITORS CORPORATE STRATEGY CORPORATION COUNTRY INVESTMENT CLIMATE DEBT DEVELOPED COUNTRIES ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC SITUATION ECONOMISTS EMPLOYMENT EXPANSION FINANCIAL INSTITUTIONS FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN OWNERSHIP INCOME INSURANCE LIVING CONDITIONS MARKET POWER POLLUTION POTENTIAL INVESTORS POVERTY ALLEVIATION POWER PLANTS PRESENT VALUE SECURITIES SHAREHOLDERS STOCKHOLDERS TECHNICAL ASSISTANCE This paper was produced at the request of the Government of Uganda, as part of the ESMAP Power Restructuring Implementation Strategy in the country. On looking at the key factors that influence the private sector's evaluation of, and investment in power distribution firms worldwide, and, on the implications of the optimal role of multilateral institutions such as the Bank, this report provides the results of a study that Price Waterhouse Coopers Securities implemented on the subject, to assist the Bank in developing its policies regarding power distribution. Fundamental differences between distribution, and generation companies are highlighted: distribution companies must concern themselves with demand growth, retail markets, and customer concerns; while generation firms, tend to focus more on technical, and performance issues (owner separation from each segment of the industry, generally increase efficiency, and minimize undue market power). Surveys on overall country status, regulatory and legal framework, business practices and financial performances worldwide, show that while laws, and legislative systems are important factors (in their ability to repatriate funds - though arguably a part of the investment climate), financial performance stood by far, as the most important factor, i.e., the return on equity is critical, especially for publicly held investors, who must assess the impact of investments on stocks valuation. The role of multilateral institutions was seen as important in that it improves the investment climate through technical assistance, in that it promotes processes to achieve privatization, and restructuring country wise, and, in that it provides financing for power sector projects that require subsidies. 2014-09-30T18:10:04Z 2014-09-30T18:10:04Z 2001-08 http://documents.worldbank.org/curated/en/2001/08/1735285/key-factors-private-sector-investment-power-distribution http://hdl.handle.net/10986/20291 English en_US Energy Sector Management Assistance Programme (ESMAP) technical paper series;no. 14 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research Africa Uganda |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AFFILIATED ORGANIZATIONS BID COMPANY COMPETITORS CORPORATE STRATEGY CORPORATION COUNTRY INVESTMENT CLIMATE DEBT DEVELOPED COUNTRIES ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC SITUATION ECONOMISTS EMPLOYMENT EXPANSION FINANCIAL INSTITUTIONS FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN OWNERSHIP INCOME INSURANCE LIVING CONDITIONS MARKET POWER POLLUTION POTENTIAL INVESTORS POVERTY ALLEVIATION POWER PLANTS PRESENT VALUE SECURITIES SHAREHOLDERS STOCKHOLDERS TECHNICAL ASSISTANCE |
| spellingShingle |
AFFILIATED ORGANIZATIONS BID COMPANY COMPETITORS CORPORATE STRATEGY CORPORATION COUNTRY INVESTMENT CLIMATE DEBT DEVELOPED COUNTRIES ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC SITUATION ECONOMISTS EMPLOYMENT EXPANSION FINANCIAL INSTITUTIONS FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN OWNERSHIP INCOME INSURANCE LIVING CONDITIONS MARKET POWER POLLUTION POTENTIAL INVESTORS POVERTY ALLEVIATION POWER PLANTS PRESENT VALUE SECURITIES SHAREHOLDERS STOCKHOLDERS TECHNICAL ASSISTANCE Pricewaterhousecoopers Securities Key Factors for Private Sector Investment in Power Distribution |
| geographic_facet |
Africa Uganda |
| relation |
Energy Sector Management Assistance
Programme (ESMAP) technical paper series;no. 14 |
| description |
This paper was produced at the request
of the Government of Uganda, as part of the ESMAP Power
Restructuring Implementation Strategy in the country. On
looking at the key factors that influence the private
sector's evaluation of, and investment in power
distribution firms worldwide, and, on the implications of
the optimal role of multilateral institutions such as the
Bank, this report provides the results of a study that Price
Waterhouse Coopers Securities implemented on the subject, to
assist the Bank in developing its policies regarding power
distribution. Fundamental differences between distribution,
and generation companies are highlighted: distribution
companies must concern themselves with demand growth, retail
markets, and customer concerns; while generation firms, tend
to focus more on technical, and performance issues (owner
separation from each segment of the industry, generally
increase efficiency, and minimize undue market power).
Surveys on overall country status, regulatory and legal
framework, business practices and financial performances
worldwide, show that while laws, and legislative systems are
important factors (in their ability to repatriate funds -
though arguably a part of the investment climate), financial
performance stood by far, as the most important factor,
i.e., the return on equity is critical, especially for
publicly held investors, who must assess the impact of
investments on stocks valuation. The role of multilateral
institutions was seen as important in that it improves the
investment climate through technical assistance, in that it
promotes processes to achieve privatization, and
restructuring country wise, and, in that it provides
financing for power sector projects that require subsidies. |
| format |
Publications & Research :: ESMAP Paper |
| author |
Pricewaterhousecoopers Securities |
| author_facet |
Pricewaterhousecoopers Securities |
| author_sort |
Pricewaterhousecoopers Securities |
| title |
Key Factors for Private Sector Investment in Power Distribution |
| title_short |
Key Factors for Private Sector Investment in Power Distribution |
| title_full |
Key Factors for Private Sector Investment in Power Distribution |
| title_fullStr |
Key Factors for Private Sector Investment in Power Distribution |
| title_full_unstemmed |
Key Factors for Private Sector Investment in Power Distribution |
| title_sort |
key factors for private sector investment in power distribution |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/08/1735285/key-factors-private-sector-investment-power-distribution http://hdl.handle.net/10986/20291 |
| _version_ |
1764437116151922688 |