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Washington, May 13, 2005 Power Sector Reform in Brazil Luiz Maurer Energy and Water The World Bank
Objectives of this presentation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of power sector reform in the world
Challenges in the power sector  … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Challenges in the power sector –  reliability and adequacy of power systems…
Challenges in the power sector –  What about the future?
Challenges in the power sector  … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Major challenge – who will invest?
20 years of power sector reform  - what have we learned? Initial considerations   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Failures get [a lot] more publicity with distorted cause-effect relationships   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tinkering with reform and rules. Does is suffice?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summarize the key points about power  sector reform in Brazil
Power sector reform in Brazil – a long process  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Complex and not always linear process – web of Laws, Decrees, Portarias, Regulations
Discuss the good aspects and accomplishments
Brazil was the country who took most advantage of the privatization euphoria
What about the criticism – resources were not invested in new assets?
Generation installed capacity – jumped from 1,100 MW to about 3,100 MW per year post 95
Ditto for transmission assets
Quality of service increased significantly
20 years of power sector reform  - “Assessment is in the eyes of the beholder” – the bright side of Brazil ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Not so good aspects and why reform fell short of expectations
If everything so rosy, why rationing?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
New model more evolutionary than revolutionary
Present challenges ahead – Is reform complete?
Power sector reform is never complete ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The power sector became a tax collector
Other aspects for the government to consider   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
In a nutshell ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Ed Power Sector Brazil

Editor's Notes

  1. Thanks thank you for the opportunity address this important forum and initiate what I’m sure will be a very fruitful discussion today. Let me first thank the Brazilian government, Electrobras, and EDF and for convening this conference and bringing together policymakers, investors, and members of the donor community to address the critical issues surrounding the world power industry and specifically, financing needed investments in emerging markets.