Power reforms in India
Article Abstract:
Former Chairman of the Gujurat Electricity Board SJ Coelho has been asked by the Indian government to look into the possibility of privatising the State Electricity Boards (SEBs). Some analysts suggest investors will only be interested in investing in the SEBs once the government has relinquished control of the companies. The SEBs have debts of some $2.2 billion, with only one SEB making a profit in 1996-97. The SEBs offer cheap electricity supplies the agriculture sector which has helped to create the deficit. The first privatisation of four electricity companies will take place in Orissa.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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Australian electricity sell-offs power on
Article Abstract:
Electricity sector privatization has become a very controversial issue in Australia. There is a need for the states to privatize the electricity sector as the value to them of retaining control of energy supply industries is falling, but many voters are opposed to privatization. States have been disaggregating their electricity supply businesses, a process which has encouraged competition and has also created the business units that will be privatized once political opposition to privatization has been overcome.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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NZ's Contact Energy privatization a success
Article Abstract:
The New Zealand government raised NZ$1.067bn (US$596m) from the 60% initial public offering of Contact Energy, an electricity generating and distributing company. Contact Energy has attracted the highest number of retail investors for an IPO in New Zealand.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
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