Pargal & Mayer Governance Of Indian State Power Utilities 9781464803031

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Автор: Pargal & Mayer
Название: Governance Of Indian State Power Utilities
ISBN: 9781464803031
Издательство: Mare Nostrum (Eurospan)
Классификация:

Экономическая теория и философия

Экономика и организация производства: общие вопросы

Промышленность и промышленная технология

Энергетика и коммунальное хозяйство

ISBN-10: 146480303X
Обложка/Формат: Paperback
Страницы: 144
Вес: 0.24 кг.
Дата издания: 30.10.2014
Серия: Directions in development - energy and mining
Язык: English
Иллюстрации: Black & white illustrations
Размер: 254 x 178 x 7
Читательская аудитория: Professional and scholarly
Ключевые слова: Economic theory & philosophy,Business studies: general,Industry & industrial studies
Подзаголовок: An ongoing journey
Рейтинг:
Поставляется из: Англии
Описание: This World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and external shortfalls in governance, Indias Electricity Act of 2003 mandated unbundling and corporatizing the vertically integrated state electricity boards, along with establishing independent regulators at the center and in the states. The aim was to create a more accountable and commercial performance culture. A particular motivation was the need to keep the state government at arms length from utilities and regulators alike.This review assesses aspects of corporate governance that would be expected to increase the internal and external accountability of utilities; the institutional design of state-level regulation; and the extent to which regulators have implemented key elements of their mandate. In addition, it examines the correlation between the adoption of recommended corporate governance practices and utility performance, and between regulatory governance and utility performance.It finds that while unbundling the electricity boards has progressed quite well on paper, actual separation and functional independence of the unbundled entities is considerably less than it appears–and clearly identifying the contributions of individual entities in the service value chain and holding them accountable for their performance remains difficult. Corporatization has been unable to insulate utilities from state interference because boards remain state dominated, lack sufficient decision-making authority, and are rarely evaluated on performance.Also, the regulatory environment has not sufficiently pushed utilities to improve performance. State electricity regulatory commissions have been established in all states, but a lack of accountability and autonomy and limited technical capacity have restricted their ability to create an independent, transparent, and unbiased governance framework for the sector that balances consumer and investor/utility interests.

Governance Of Indian State Power Utilities, Pargal & Mayer