LEADER 03696oam 22005655 450 001 9910827237603321 005 20170314192715.0 010 $a1-4648-0972-0 024 7 $a10.1596/978-1-4648-0971-2 035 $a(CKB)3710000001118005 035 $a(MiAaPQ)EBC4826375 035 $a(The World Bank)210971 035 $a(US-djbf)210971 035 $a(EXLCZ)993710000001118005 100 $a20020129d2017 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aStuck in Transition : $eReform Experiences and Challenges Ahead in the Kazakhstan Power Sector /$fMirlan Aldayarov 210 1$aWashington, D.C. :$cThe World Bank,$d2017. 215 $a1 online resource (140 pages) 225 1 $aDirections in Development;Directions in Development - Energy and Mining 311 $a1-4648-0971-2 320 $aIncludes bibliographical references at the end of each chapters. 330 3 $aThe large-scale transformation of Kazakhstan's power sector following independence in 1991 was reflected by the country's move toward liberalizing the market and implementing sector regulation. As an early adopter of a liberalized multimarket model consisting of bilateral, spot, balancing, ancillary, and capacity submarkets Kazakhstan's power sector was regarded a market reform leader among countries of the former Soviet Union, having achieved a much improved supply and demand balance and service quality. However, despite the noteworthy headway, sector reforms remain predominantly as unfinished business. The excess generation capacity that was inherited from the former Soviet Union at a time when the "energy-only" market prices were too low to attract serious investors has masked the need to reflect on the long-term outlook of the country's power production. As the investment crunch unfolded in the mid-2000s, a diverging concern almost immediately arose; that is, the capacity additions of existing and planned generations may not be sufficient to keep pace with the perpetuating and significant increase in the demand for power. Instead of applying market mechanisms to allow prices to rise and reflect the underlying supply and demand gap, the GoK addressed the issue by implementing administrative, command-and-control measures. This study draws on the World Bank's long-standing engagement in Kazakhstan's energy sector and a number of recent technical assistance and advisory support activities. The study aims to (i) objectively identify the principal challenges faced by the Kazakhstan power sector in its ongoing transition and outlining potential policy options; and (ii) draw lessons from Kazakhstan's experience in sector reforms for the broader international audience. The study covers broader sector issues including long-term least-cost power system planning, supply and demand balancing, tariff setting, market structure, and integration of renewable energy. 410 0$aWorld Bank e-Library. 606 $aKazenergy 606 $aKegoc 606 $aMarket Structure 606 $aPower 606 $aPower System Planning 607 $aKazakhstan$xEconomic policy 607 $aKazakhstan$xEconomic conditions 615 4$aKazenergy 615 4$aKegoc 615 4$aMarket Structure 615 4$aPower 615 4$aPower System Planning 676 $a332.0415095845 700 $aAldayarov$b Mirlan$01627481 702 $aDobozi$b Istva?n 702 $aNikolakakis$b Thomas 801 0$bDJBF 801 1$bDJBF 906 $aBOOK 912 $a9910827237603321 996 $aStuck in Transition$93964100 997 $aUNINA