Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • 4 - Corporate Restructuring Reform

  • Anatole Boute, The Chinese University of Hong Kong
  • Book:
    Energy Security along the New Silk Road
    Published online:
    04 June 2019
    Print publication:
    13 June 2019, pp 100-132

  • Summary

    Examines the reform of Central Asia’s energy utilities in the light of the principles of corporatization, unbundling and privatization defined in the reform textbook literature and advocated by development banks. Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan restructured, or are in the process of restructuring, their national energy (mainly electricity) utilities. Although restructuring has, at least to some extent, improved payment collection rates, it has generally failed to transform the utilities into financially viable entities. Chapter 4 therefore discusses Central Asia’s corporate reform process, and examines the institutional and geopolitical obstacles that have stalled this process. As illustrated by the discontinuation of the restructuring of the Kyrgyz gas utility following its purchase by the Russian state-owned company Gazprom, strategic investment in energy utilities can end reform initiatives. The analysis demonstrates that, in regions of high geopolitical importance, privatization can be an obstacle to reform rather than a force for good.