Skip to main content
SpringerLink
Log in

Investment Issues in the Energy Sector

  • Chapter
  • First Online:
Energy Economics

  • 10k Accesses

Abstract

This chapter introduces the issues related to energy-related investments and presents the economic arguments to analyse such issues. The presentation focuses on the global, cross-cutting issues on investment without specific focus on a particular country. It presents an overview of the investment needs and present main issues affecting investment and financing of investments. The chapter also touches on the effects of energy sector reform and global financial crises on investments in the sector.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    There are other studies on this topic such as ESCAP (2008) and APERC (2003) but they have a regional focus.

  2. 2.

    The GDP elasticity of electricity demand measures the change in demand for every per cent change in the gross domestic product (GDP). Based on an expert judgement estimate of the future elasticity of demand and using an assumption about future growth of GDP, the growth rate of demand is estimated.

  3. 3.

    India’s economic development programme is planned under five year plans developed by the Planning Commission. The 10th Plan ended in March 2007. The 11th Plan started from April 1, 2007 and will continue until 31st March 2012.

  4. 4.

    Adjusting for the difference in the base year.

  5. 5.

    This is based on the idea presented in Bhattacharyya and Dey (2007).

References

  • APERC (2003) Energy investment outlook in the APEC region. Asia Pacific Energy Research Centre, Institute of Energy Economics, Tokyo

    Google Scholar 

  • Bhattacharyya SC (2008) Investments to promote electricity supply in India: regulatory and governance challenges and options. J World Energy Law Bus 1(3):201–223

    Article  Google Scholar 

  • Bhattacharyya SC, Dey PK (2007) Managing risks in a large rural electrification programme in India. Impact Assess Proj Appraisal 25(1):15–26

    Article  Google Scholar 

  • Birol F (2004) World energy prospects and investment challenges. Oil and Gas Review 18–22. http://www.touchbriefings.com/pdf/951/birol.pdf

  • Birol F (2005) The investment implications of global energy trends. Oxford Rev Econ Policy 21(1):145–153

    Article  Google Scholar 

  • Craig PP, Gadgil A, Koomey JG (2002) What can history teach us? A retrospective examination of long-term energy forecasts for the United States. Annu Rev Energy Environ 27:83–118

    Article  Google Scholar 

  • ESCAP (2008) Energy security and sustainable development in Asia and the Pacific. Economic and Social Commission for Asia and the Pacific, Bangkok

    Google Scholar 

  • Government of India (2006) Integrated energy policy—report of the expert committee. Planning Commission, New Delhi

    Google Scholar 

  • IEA (2009) The impact of financial and economic crisis on global energy investment. In: IEA background paper for the G8 Energy Minister’s meeting, 24–25 May, 2009, International Energy Agency, Paris

    Google Scholar 

  • Planning Commission (2007) Projections of investment in infrastructure during the eleventh plan, consultation paper. The Secretariat for the Committee on Infrastructure, Government of India, New Delhi. http://infrastructure.gov.in/pdf/Inv_Projection2.pdf

  • WEO (2003) World energy outlook 2003 insights: global energy investment outlook. WEO, Paris

    Google Scholar 

  • WEO (2007) World energy outlook 2007. International Energy Agency, Paris

    Google Scholar 

  • WEO (2008) World energy outlook 2008. International Energy Agency, Paris

    Google Scholar 

Further Reading

  • Blackman A, Wu X (1999) Foreign direct investment in China’s power sector: trends, benefits and barriers. Energy Policy 27:695–711

    Article  Google Scholar 

  • Hamilton M (2003) Energy investment in the Arab world: financing options. OPEC Rev 27(3):283–303

    Article  Google Scholar 

  • Islas J, Jeronimo U (2001) The financing of the Mexican electricity sector. Energy Policy 29:965–973

    Article  Google Scholar 

  • Martinot E (2001) Renewable energy investment by the World Bank. Energy Policy 29:689–699

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Centre for Energy, Petroleum and Mineral Law and Policy, University of Dundee, Dundee, UK

    Subhes C. Bhattacharyya

Authors
  1. Subhes C. Bhattacharyya
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Subhes C. Bhattacharyya .

Rights and permissions

Reprints and permissions

Copyright information

© 2011 Springer-Verlag London Limited

About this chapter

Cite this chapter

Bhattacharyya, S.C. (2011). Investment Issues in the Energy Sector. In: Energy Economics. Springer, London. https://doi.org/10.1007/978-0-85729-268-1_21

Download citation

  • DOI: https://doi.org/10.1007/978-0-85729-268-1_21

  • Published:

  • Publisher Name: Springer, London

  • Print ISBN: 978-0-85729-267-4

  • Online ISBN: 978-0-85729-268-1

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics

Search

Navigation