Power for Development A Review of the World Bank Group's Experience with Private Participation in the Electricity Sector

by Manibog, Fernando

• ISBN13: 9780821356937
• ISBN10: 0821356933
• Format: Paperback
• Copyright: 2004-01-16
• Publisher: World Bank Publications
• More Book Details

Summary

This publication evaluates the performance of the World Bank Group (WBG) during the 1990s in promoting private sector development in the electric power sector in 80 countries. Main findings include that where countries showed a commitment to advancing reforms in promoting private sector development and where programmes were properly implemented, the expected benefits were delivered. However, quality of outcomes depended on the objectives pursued and on types of assistance provided, with most countries remaining in the early stages of reform.

Table of Contents

Acknowledgments	vii
Foreword, Prologo, Avant-Propos	ix
Summary, Resumen, Resume Analytique	xiii
Abbreviations and Acronyms	xxxv
Overview: Private Sector Development in the Electric Power Sector	1	(6)
The Current Sector Environment	1	(1)
The Role of the World Bank Group in the 1990s	2	(1)
Evaluation Objective and Framework	3	(4)
PSDE Objectives and Instruments	7	(4)
Project Results	11	(20)
Bank Involvement: Reforming Power Sectors and Mainstreaming PSDE	11	(8)
IFC: Supporting Private Investments in Electric Power Generation	19	(8)
MIGA: Mitigating the Political Risk to Private Investors	27	(4)
Sector-Level PSDE Outcomes	31	(12)
Promoting Private Sector Involvement	32	(5)
Macrofiscal Balancing: Reducing the Power Sector's Burden on Public Resources	37	(2)
Helping the Poor Directly	39	(1)
Protecting the Environment	40	(3)
Cross-Cutting Findings	43	(14)
Toward Better-Designed Interventions	43	(11)
Toward Improving WBG Processes	54	(3)
Recommendations	57	(60)
Annexes
Methodology and Instruments	61	(6)
World Bank Group PSDE Portfolio-at-a-Glance	67	(1)
Trends in PSDE Objectives in the Bank's Portfolio	68	(1)
Ratings of Freestanding Projects and Projects with PSDE Components	69	(7)
Analysis of the Performance of Freestanding PSDE Projects and Projects with PSDE Components	76	(2)
IFC Advisory Operations in Power: Standalone Advisory Operations	78	(2)
IFC Advisory Operations in Power: Donor-Assisted Technical Assistance Trust Funds (TATF) Operations	80	(2)
IFC's Operations in Renewable Energy and Energy Efficiency in the 1990s	82	(4)
IFC's Mainstream Renewable Energy and Efficient Energy Projects, FY90--99
IFC-Managed GEF Projects in Power, FY90--99
IFC Portfolio of Approvals in Power, FY90--01	86	(2)
OEG's Mini-XPSR Evaluation Framework for IFC's Electric Power Sector Investment Operations	88	(2)
Performance Ratings of 29 IFC Mature Power Sector Investment Operations in the 1990s	90	(2)
Analysis of Development Outcome Indicators of the 29 Evaluated IFC Electric Power Investment Operations	92	(3)
MIGA Guarantees in Power, FY99--01	95	(5)
World Bank Group Involvement in Renewable Energy and Energy Efficiency Projects	100	(2)
ASTAE-supported World Bank/GEF Alternative Energy Investment Projects, FY92--03	102	(1)
Technology and Policy Reform Measures in ASTAE-Supported Renewable Energy and Energy Efficiency Projects	103	(1)
Environmental and Social Impacts of IFC Investment Operations in the Power Sector	104	(4)
World Bank Group Management Response and Management Action Record	108	(6)
Chairman's Summary: Committee on Development Effectiveness (CODE)	114	(3)
Endnotes	117	(4)
Bibliography	121