Problemi Ekonomiki (Jun 2018)
The Experience of Using Financial Instruments for the Modernization of the Electric Power Sector by the Countries of South Asia
Abstract
The aim of the article is to summarize the experience of countries of South Asia regarding the introduction of financial instruments for the modernization of the electric power sector. The data on the use of financial instruments for the modernization of the electric power sector by the governments of countries of South Asia are systematized. Along with the grouping of financial instruments by countries, the transformation of the structure of electricity generation in terms of primary sources for 2000-2015 is assessed as well. As a result of the study, there made a conclusion about the determining role of objective factors of a country’s economic development in the technological transformation of its electric power sector. The factors include the lack of investment resources, failure to meet demand, unreliability of the most widespread sources of renewable energy (sun and wind) in the region in terms of power generation stability. Under current conditions, the actions of governments regarding the introduction of financial instruments to stimulate the modernization of the electric power sector are of secondary importance.
