Sector transformation
Journal Article
·
· Independent Energy
OSTI ID:577417
The power sector of the mid- to late 1990s in Central and Eastern Europe is characterized by profound transformation from antiquated, high-polluting systems to one reaching for efficiencies of a market-driven economy. This process is taking place through the privatization of the energy sector. Although the countries of this region have identified privatization of the energy sector as a priority, they have proceeded at vastly differing speeds. Hungary has privatized its energy sector apace, followed by the Czech Republic and Poland. Romania and Bulgaria are moving much slower. Privatization of the energy sector translates into opportunities for foreign companies, especially concerning modernization of the power industry. The greatest opportunities for foreign investment include refurbishing old generation plants and building new ones that are more environmentally friendly; restructuring transmission systems; and further developing distribution systems. However, companies seeking to expand into the power sectors of Central and Eastern Europe are faced with challenges, such as financing and stiff competition from Western Europe.
- OSTI ID:
- 577417
- Journal Information:
- Independent Energy, Journal Name: Independent Energy Journal Issue: 4 Vol. 27; ISSN 1043-7320; ISSN IDPEEW
- Country of Publication:
- United States
- Language:
- English
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