Abstract
Privatization of electricity is one of the most important policy prescriptions suggested by the World Bank and the IMF. The rationale is that the public sector electricity generating and distribution companies are both inefficient and unviable. The only alternative is to invite private sector to produce and distribute electricity. In fact such is the strength of faith in the private sector that no new loans for energy development of the developing countries are granted by the World Bank unless they will be in the private sector. The IMF is also putting pressure on the borrowing countries by suggesting the sale of public sector electricity generating and distribution companies in order to reduce public budget deficit and subsidies (https://www.globalpolicy.org/).
Keywords
- Hydroelectric Plant
- Federal Energy Regulation Commission
- Distribution Company
- Private Sector Organization
- Borrowing Country
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© 2015 Dipak Basu and Victoria Miroshnik
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Basu, D., Miroshnik, V. (2015). Privatization of Electricity. In: International Business and Political Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137474865_17
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DOI: https://doi.org/10.1057/9781137474865_17
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-50167-0
Online ISBN: 978-1-137-47486-5
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