Power purchase agreements are crucial for financing electricity infrastructure in the Pacific. Developing them with greater transparency will help make the power supply more reliable and affordable.
State-owned power companies in the Pacific are increasingly becoming a fiscal risk in part due to their outdated management practices. Reforms are needed to allow them to prosper and perform into the future.
In the fragile energy scenario of small Pacific islands, contingency plans are crucial to keep the lights on during a crisis.
With key reforms, Pacific states could move toward cleaner, more affordable sources of energy that eventually eliminate fossil fuels completely.
Reforming state-owned enterprises can be an extraordinarily complex activity but it is underpinned by a single clear goal.
State-owned enterprises, including power utilities, in many countries have collected a menagerie of assets unrelated to their core business. And they are selling cheap.
Uzbekistan wants to reform its power utility to change the way it trades energy with its four neighbors.
It’s time for Central Asian power utilities to develop a new corporate strategy based on three areas of action.
SOE reforms in the energy sector should be time-bound, and focus on accountability and performance.