2007年-世界发展银行全球_Private_Activity_in_Energy_Remained_Stable_in_2006_8页_504kb

Summary of Private Participation in Infrastructure (PPI) Data Update Note 6 - November 2007

Core Content

The Private Participation in Infrastructure (PPI) Project Database reports that private activity in energy remained stable in 2006, with 81 projects involving over US$14 billion in investment commitments reaching financial or contractual closure in 29 low- and middle-income countries. Additionally, US$5 billion in new investment was attracted by energy projects implemented in previous years, bringing the total investment commitments to US$19 billion.

Main Points

• Electricity accounted for the majority of the investment in energy.
• Power generation was the largest subsector within electricity.
• Power plants made up 52 of the 81 energy contracts, with a total capacity of 19,400 MW and US$9.5 billion in investment.
• The remaining contracts were for transmission lines, distribution utilities, natural gas distribution, and natural gas transmission.
• Greenfield projects and divestitures were the most common types of energy contracts.
• New private activity was highly concentrated in a few countries, with India, Algeria, Brazil, Argentina, and the Slovak Republic accounting for 65% of the investment and 32% of the projects.
• The top 10 countries represented 86% of the investment and 57% of the projects.

Key Information by Region

East Asia and Pacific

• China had 13 contracts with US$500 million in investment, including 9 natural gas distribution and 4 small greenfield power plants.
• Indonesia had 4 greenfield power plants with US$380 million in investment and 400 MW capacity.
• Lao PDR began the 615-MW Nam Ngum 2 hydropower plant.
• Malaysia implemented two small power plants.
• Philippines fully divested the Pantabangan-Masiway hydropower plant and partially divested the Energy Development Corporation.

Europe and Central Asia

• Bulgaria divested the Varna Power Plant and began a small greenfield project.
• Georgia fully privatized Tbilgaz, a natural gas distribution company.
• Macedonia divested its electricity distribution company.
• Poland divested a small power plant.
• Romania sold a 10% stake in its electricity transmission company.
• Russian Federation signed a lease contract for its electricity and heating systems.
• Slovak Republic completed the divestiture of Slovenske Elektrarne, the largest electricity generator in the region, with US$1.075 billion in investment.
• Turkey began implementation of two small greenfield power plants.

Latin America and the Caribbean

• Brazil reached closure on five greenfield transmission line projects, totaling 2,700 km and US$1 billion in investment.
• Brazil also partially divested CTEEP and began three power plants with a total capacity of 120 MW.
• Argentina implemented two greenfield power plants with 1,660 MW capacity and US$1 billion in investment.
• Mexico reached financial closure on the Tamazunchale power plant and natural gas pipeline.
• Chile began a 120-MW thermal power plant.
• Colombia divested Electrificadora del Tolima.
• Ecuador began two power plants and signed a five-year management contract, which was later canceled.

Middle East and North Africa

• Algeria implemented two greenfield projects, including a 1,277-MW power plant and a natural gas pipeline.
• Yemen signed two power rental contracts, totaling 100 MW capacity for two years.

South Asia

• India reached financial closure on seven greenfield power plants with over 2,100 MW capacity and US$2.4 billion in investment.
• India also signed a 10-year concession for electricity distribution in Bhiwandi.
• Pakistan concluded a 30-year BOT project for a 225-MW power plant and signed a three-year power rental contract for 136 MW.

Potential New Projects

• At least 30 energy contracts were awarded in 2006, though they had not reached financial closure or been signed by year-end.
• Notable projects include:
  • Bangladesh: 450-MW greenfield power plant
  • Belize: 30-MW greenfield power plant
  • Brazil: 2,700 MW in greenfield power plants and transmission lines
  • Costa Rica: 50-MW greenfield wind power plant
  • Guyana: 100-MW greenfield hydro plant
  • India: 2,760 MW in greenfield power plants
  • Indonesia: 300-MW geothermal plant and natural gas pipeline
  • Jordan: 370-MW greenfield natural gas power plant
  • Mexico: two natural gas pipelines and a small power plant
  • Oman: 678-MW greenfield power and desalination plant
  • Panama: 150-MW greenfield hydro plant
  • Philippines: 220-MW Bujagali hydropower plant

Canceled and Distressed Projects

• 7 private energy projects were canceled or became distressed in 2006, bringing the total to 88.
• These projects represented 6% of all energy projects and 12% of total investment from 1990-2006.
• Five projects were canceled in 2006:
  • Two electricity distribution concessions in Azerbaijan
  • A 20-year concession for Togo's electricity utility
  • A 5-year management contract for Rwanda's integrated utility
  • The Macaen natural gas power plant in Brazil
• The share of investment in canceled or distressed projects declined by 1 percentage point compared to the previous period.

Concluded Projects

• Three energy projects were concluded in 2006:
  • TANESCO management contract in Tanzania
  • Generadora Cordoba concession in Argentina
  • Mahiao Geothermal Power Plant in Philippines
• These projects involved the transfer of assets back to public entities or state-owned companies.