Loan Agreement Energy Sector Technical Assistance Project Between Republic Of Colombia And International Bank For Reconstruction And Development

Author : World Bank
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.A/5 ( download)

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Download or read book Colombia written by World Bank and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objectives of the Energy Sector Technical Assistance Loan are to: 1) implement regulatory reforms for the power and gas sub-sectors; 2) implement strategies specifically designed for the energy sector, respecting environmental concerns and constraints and attracting private investment in the sector; and 3) develop a demand-side management strategy and assist in its implementation. The project includes the following components: 1) overall regulation, pricing and energy policy; 2) specific power sector assistance which includes engineering and investment banking assistance and privatization exports to help mobilize private capital for new power generation and distribution projects; divestment of existing public-sector controlled power plants; corporatization and privatization of utilities; and creation of the new grid company to facilitate competition between electricity generators; 3) specific gas sector assistance in developing a new industry structure and regulations for the natural gas market incorporating private sector participation and competition; 4) assistance in executing sectoral environmental assessments together with project environmental assessments, formulating energy sector environmental regulations and guidelines; and 5) energy demand management and safety enhancement by developing a demand side management strategy for efficient energy use.