Realization of PPP projects in the sector of energetics as a condition of a sustainable development of macroregions

Lyudmila Anatolyevna Tolstolesova,Ekaterina Vladimirovna Mazikova,Marina Sergeevna Vorobieva,Natalya Nikolaevna Yumanova,Igor Nikolaevich Glukhikh

doi:10.9770/jesi.2019.7.1(20)

Lyudmila Anatolyevna Tolstolesova, Ekaterina Vladimirovna Mazikova + Show 3 more

Open Access

https://doi.org/10.9770/jesi.2019.7.1(20)

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Abstract

The article deals with the problems of implementation of public-private partnership programs in the energy sector aimed at ensuring the sustainable development of macro-regions. It is determined that in the financing of PPP energy projects, the World Bank institutions evaluate the projects for the selection of the most effective and ready for implementation, based on a variety of criteria. This assessment gives priority to projects that are based on renewable energy sources and those that are more environmentally friendly. The problems and uncertainties associated with the implementation of PPP projects in the energy sector are identified.

Highlights

Disproportions, appearing in the structure of economics, its low economic efficiency can lead to a slowdown of a sustainable development and an emergence of regions inside the countries and macro regions with negative dynamics of readings of socio-economic development
Support of the regions and countries provided by state bodies, international financial institutions and a private sector is becoming an important task directed towards forming modern infrastructure especially of facilities in the sector of energetics, creating a foundation for industrial and socio-economic development
Analysis of PPP projects in the energy sector with the support of the World Bank institutions led to a number of conclusions

Summary

Introduction

Disproportions, appearing in the structure of economics, its low economic efficiency (both of parts of it and in general) can lead to a slowdown of a sustainable development and an emergence of regions inside the countries. Realization of the projects in the area of energetics, even not large ones presupposes substantial value of capital investments, great pay-off period, high risks, its realization by capacities of only economic entities, regions, and separate countries becomes a task difficult or often impossible to implement In projects of this scale in the energy sector, the development of alternative energy sources, it is advisable to combine the efforts of the state and business on PPP terms with the involvement of international financial institutions. Their share is 13 billion USD with total loans of 14.6 billion USD, or 13% of those issued to all countries in all sectors of the economy Considering that these macro regions suffer from substantial lack of electric power, governments of the countries together with IDA and private investors make large capital investments into PPP projects in energetics, allowing to develop economics, fight poverty and solve socially important questions. IBRD and IDA financed 2 projects in Uzbekistan on the implementation of energy-saving technologies in industry and energy efficiency of heat supply, which amounted to 18% of the total funding in this sector

Status of PPP projects in the energy sector in Russia

Approval by the Ministry of Finance or central budgetary authority

Conclusions