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Published in:
2012 | OriginalPaper | Chapter
Financing Power Sector Investments
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Abstract
Global energy demand is projected to increase by about 33% between 2010 and 2030. In non-OECD countries, electricity generation capacity is forecast to grow by 2,900 gigawatts (GW) by 2030, while the OECD countries will add only 1,600 GW. The related investments needed are estimated at US$7.8 trillion and US$5.9 trillion for non-OECD and OECD countries, respectively. Private capital could finance much of this investment but there are major obstacles to private investments in the power sector in developing countries. Reform efforts that move towards competitive markets can help address these risks, paving the way for the injection of much-needed private capital. Power sector reform can contribute to economic, as well as social, development. Successful power sector reform reduces government fiscal responsibilities, improves the reliability of supplies for existing customers, and provides affordable access to energy for the poor.