EDB researchers study integration processes in the electric power sectors of the Bank's member states
Almaty, 20 June 2012. Eurasian Development Bank (EDB) has published the report Integration Processes in the Electric Power Sectors of the EDB Member States. The publication analyses the condition and challenges of the development of a common electric power market in the region and international cooperation in this area.
In particular, the report analyses trans-border trade in electricity and systemic integration effects and reviews interstate initiatives, including those to create the common electric power market, and the existing barriers. The authors discuss the possibility of adopting uniform technological and environmental regulations, as well as the prospects for the creation of a single legislative and regulatory framework. The recommendations they propose are aimed at fostering the development of the common electric power space and at deepening integration in the region.
The authors point out that electricity exports and imports have decreased significantly in all directions since
In addition, EDB experts note that there are a number of barriers that prevent integration processes from becoming deeper. On the one hand, the development of generating capacities and the electrical grid infrastructure in the regions which experience shortages in electricity supplies contributes objectively to the strengthening of electric energy independence of the EDB member states and weakens their integration in this area.
On the other hand, there were instances in the practice of interstate relationships in the region which contradicted the principles of regional cooperation and neighbourliness. These include suspension in electricity export and import, the disconnection of certain interstate electrical grids, and even a complete disconnection of a national electric power system with discontinuation of parallel operation with power systems.
The sector report is a part of EDB’s research publications on regional integration processes in various industries and sectors of the Bank’s member states and other post-Soviet countries. It supplements the publication of 2008, which also analysed the development of electric power in Eurasia.
The report is available at EDB’s website.
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.