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Russia : Bank assistance for the energy sector - a view from abroad (Russian)

This report looks at Bank assistance to Russia in the energy sector. While all sub-sectors (household energy, energy and the environment, oil sector, gas sector, coal sector and electric power sector) faced the same general transitional environment, with problems related to legal framework, competition, environmental failures, access to investment funds, nonpayments or barter payment for their outputs, each has taken different paths during their transformations into market-based institutions. The Bank has been active in the energy sector in Russia since 1991, following differing approaches in each subsector, based on its evaluation of the central problems, and on its assessment of the Government's willingness to accept Bank policy advice. The Bank's approach to the energy sector took advantage of windows of opportunity by supporting those emergency activities and reform programs for which the Government showed a clear sign of ownership. The results have been mixed, with good outcomes in the coal sector but unsuccessful attempts to address the policy and institutional reform agenda for Russia's energy industries. More recently, the Bank has begun to have an impact on the policy dialogue in the power sector. Looking to the future, the Bank ought to: extend further lending support to the coal sector restructuring program; remain engaged in the areas of improving the efficiency and financing of household energy use, and the restructuring of the energy monopolies; extend guarantees and lending for capacity expansion but only after restructuring is well under way; offer assistance to provincial governments to reduce urban air pollution; work with the Government to establish a program for reducing gas flaring; and press the Government to re-establish a central, independent Environmental Ministry

Details

  • Author

    Berney, Richard

  • Document Date

    2002/09/10

  • Document Type

    Working Paper

  • Report Number

    26742

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Russian Federation,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2003/09/10

  • Disclosure Status

    Disclosed

  • Doc Name

    Russia : Bank assistance for the energy sector - a view from abroad

  • Keywords

    accountability,air pollution,Air pollution from vehicle,allocation of resources,capacity expansion,cash collections,CFCs,cities,Coal,coal,Coal production,commercial banks,cost recovery,cost-recovery,crude oil,demand for electricity,distribution of electricity,district heating,district heating projects,domestic energy,economic development,economic growth,economic problems,economic reform,economic rents,economic value,efficiency of energy,efficiency of energy use,Electric Power,Electric Power Sector,electricity,electricity generation,electricity sector,electricity supply,employment,energy costs,energy efficiency,Energy Efficiency Project,energy industries,energy losses,energy production,energy sector,Energy Usage,energy use,environmental agenda,environmental degradation,environmental factors,environmental impact,environmental impact assessment,environmental impact assessment review,environmental issues,Environmental Management,Environmental Management Project,environmental performance,environmental problem,environmental problems,environmental projects,Environmental Protection,environmental responsibility,environmental sustainability,expenditures,exploitation,foreign exchange,Gas,gas flaring,gases,Global Environment,Global Environment Facility,global warming,greenhouse,greenhouse effect,greenhouse gases,hazardous waste,hazardous waste management,health services,heat supply,Household Sector,housing,human health,income,lack of resources,laws,legal framework,legislation,local governments,low-income households,mandates,market economies,methane,methane gas,monopolies,municipal finance,municipal governments,municipalities,natural gas,natural resources,Oil,oil,oil companies,oil exports,oil pipeline,Oil Production,Oil Sector,operating expenditures,payback period,petroleum,power generation,primary energy,privatization,production costs,production facilities,profitability,raw materials,regulatory framework,savings,sewage,sewage treatment,sewage treatment facilities,Structural Adjustment,targeted subsidies,taxation,technical assistance,transport,urban air pollution,urban areas,urban environmental concerns,urban housing,utilities,vehicle emissions,wages,waste,water supply,willingness to accept

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Citation

Berney, Richard

Russia : Bank assistance for the energy sector - a view from abroad (Russian). Operations Evaluation Department (OED) working paper series Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/153661468308106695/Russia-Bank-assistance-for-the-energy-sector-a-view-from-abroad