ENGLISH

From Crisis to Stability in the Armenian Power Sector: Lessons Learned from Armenia's Energy Reform Experience (World Bank Working Papers)

By Ani Balabanyan , Denzel Hankinson Gevorg Sargsyan

Book information

Year
2006
ISBN
0821365894, 9780821365892, 9780821365908
DOI
10.1596/978-0-8213-6589-2
Open Library ID
OL11416915M
Language
english
Format
PDF
Filesize
648 kB (663783 bytes)
Edition
1
Pages
102\105
Topic
Education
Time added
2011-06-04 13:46:07

Description

The last fifteen years have seen Armenia emerge from Soviet rule and a severe economic and energy crisis, both complicated by its newfound political surroundings. The last ten years have seen significant reform and progress in the power sector which, when compared to the progress made by its neighbors, is all the more remarkable. The benefits of reform have not been easily won, however, and Armenia?s success is a tribute to its ability to learn from mistakes and persevere. A combination of improper planning and bad fortune forced the Government of Armenia to go through three separate tenders for its privatization assets. A combination of good planning and good fortune ultimately allowed for what has turned out to be one of the region's most successful infrastructure privatizations so far.

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