REFORMS IN POWER SECTOR FOR DEVELOPING COUNTRIES ISSUES AND OPTIONS A CRITICAL STUDY

Abstract

It is a fact that no country can abstain from the present worldwide pressure of "Power Sector Reform". Even International Financers (World bank\IMF\ADB) and Donors are now putting the sector reform as a pre-condition to finance power related projects. The inspiration might have been strong, as there happened many examples of success than failure of new market functioning in the contemporary world. The pre-reform condition of energy sector prevailed in the developed country (who successfully restructured the sector) could not match as that of the developing country. Once the present vertically integrated utility system gets dismantled, it should function in the sought manner and be it in a sustainable way with least disturbance and any challenges coming a head should have a feasible solutions. The study attempts to address some of the challenges faced by developing countries towards power sector reform. The student is of the view that what has been done by developed countries cannot be fully copied and implemented in the developing country. Some sub-models and approaches can be suitable for the power sector at the brink of transition...