Power Sector Reform: Key to Economic Growth

2003 ◽  
Vol 7 (1) ◽  
pp. 1-8
Author(s):  
R. V. Shahi
Keyword(s):  
Economic Growth ◽  
Present Status ◽  
Electricity Industry ◽  
Recent Past ◽  
Power Sector ◽  
Sector Reform ◽  
Electricity Bill ◽  
Tariff Structure ◽  
Transmission And Distribution

Electricity Industry has worked for over 50 years with a set framework of organisation and regulation. The growth till 1990 witnessed a pattern of doubling the capacity in energy decade except in the decade of Nineties. The pace of expansion declined sharply in last ten years. The present status of the Power Sector is far from being satisfactory. Huge transmission and distribution losses coupled with totally improper tariff structure have led to substantial gaps between cost of supply and tariff and much more so between cost of supply and revenue. De-Politiciation of tariff formulation and proper regulation of utilities was considered to be one of the first few essential requirements to set things in order. The Ministry of Power, Government of India has taken a number of important initiatives in the recent past. The Electricity Bill 2001 is perhaps the most important initiative of the Ministry of Power. The steps that have been taken now to bring about reform and restructuring of tariff, removal of imbalances, elimination of gaps between cost of supply and revenue would strengthen the industry commercially and financially.

scholarly journals An Examination of the Impact of Power Sector Reform on Manufacturing and Services Sector in Nigeria: an Empirical Analysis

2018 ◽  
Vol 7 (2) ◽  
pp. 117
Author(s):  
Emmanuel Ameh Ojiya ◽  
Ngwu Jerome Chukwuemeka ◽  
B.A. Daneji ◽  
George Duhu Isiwu
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Negative Relationship ◽  
Series Data ◽  
Power Sector ◽  
Political Class ◽  
Sector Reform ◽  
Services Sector ◽  
Long Run ◽  
The Impact

<p><em>The main objective of this study is to empirically examine the impact of Power Sector Reform on Manufacturing and Services Sector in Nigeria between 1999-2016. The study employed secondary annual time series data sourced from World Bank database (2016). The methodology adopted for the study was Augmented Dickey-Fuller (ADF); a test for long-run relationship using ARDL Bounds Testing approach  with analysis of long-run and short-run dynamics in the model. A striking revelation from the study is the inverse relationship that exists between manufacturing output and electricity consumption in Nigeria within the period referenced. </em><em>This negative relationship is not unconnected with widespread allegation of misappropriation of budgeted funds for the Power Sector by successive administrations in Nigeria since 1999.  It must be stated in clear terms that constant and consistent electricity generation, transmission and distribution is sine-qua-none for the growth of the national economy. Virtually all sectors of the economy depend on the supply of electricity to do business and so the lack of this vital ingredient of growth contributes in no small measure in stagnating economic growth and development. Efforts at reforming the power sector can only be fruitful when ALL stakeholders in the power sector including the political class put away their personal agendas and take the bull by the horn towards rescuing the nation from the looming danger of stagnant economic growth. Furthermore, </em><em>there is the need for the Nigerian government to come up with new, better and alternative ways of improving energy generation and supply, as well as proper maintenance of electricity infrastructure in the country.</em></p>

Learning from Power Sector Reform: The Case of Uganda

2019 ◽  
Author(s):  
Catrina Godinho ◽  
Anton Eberhard
Keyword(s):  
Power Sector ◽  
Sector Reform

Improving Electricity Access through Policy Reform

2018 ◽  
Author(s):  
Sam Amadi
Keyword(s):  
Policy Reform ◽  
Social Needs ◽  
Private Capital ◽  
Power Sector ◽  
Legal Regime ◽  
Sector Reform ◽  
State Institutions ◽  
Reform Programme ◽  
Electricity Access ◽  
Improve Reliability

In Nigeria, an estimated 170 million people depend on less than 4,000 megawatts of electricity from the grid for economic and social needs. Since 2000 the country has embarked on an ambitious power sector reform programme, the main objective of which is to ensure adequate, available, and reliable electricity. The power sector reform adopts a neo-liberal development model that is based on the triple strategy of liberalization, commercialization, and privatization. This strategy has relied heavily on the reform of the existing legal regime of state institutions so as to attract foreign private capital to increase capacity, expand connection, and improve reliability. This chapter reviews the incompletely theorized neo-liberal assumptions in the reform policies and shows how these assumptions have undermined the efficacy of legal reform in the electricity industry and resulted in failed expectation.

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