Challenges of the participation of private sector in the development of the Greater Mekong Subregion Power Trade (GMS-4) : 메콩경제권 전류 무역 개발에 대한 사기업 참여의 문제점 GMS-4 사례를 중심으로

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Helene Tabuteau

국제대학원 국제학과(국제통상전공)
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서울대학교 대학원
Greater Mekong SubregionElectricity marketPower tradeCross-border infrastructuresPrivate sector participationHarmonization
학위논문 (석사)-- 서울대학교 국제대학원 : 국제학과(국제통상전공), 2015. 2. 박태호.
Energy and power market integration is one of the eight priorities defined in the strategic framework 2012-2022 of the GMS Economic Cooperation program, relying on interconnection infrastructure development and power trading. Strongly promoted by the Asian Development Bank, power trade is expected to better allocate power supply and to contribute to the regions growth. However, this ambition requires large investments, which has resulted in seeing private sector as a critical ingredient to the power sector development, and, accordingly, power trade.
Focusing on GMS-4 countries, the research expounds the current features of private participation in the power sector and its fit in the regional grid
then examines the limitations of private participation to the development of regional power trade, by introducing the angle of cross-border infrastructures investment specificities. This thesis offers a comprehensive understanding of the relation between electricity market structures, power trade institutions and the diversification of actors of the electric grid, and argues that the GMS institutions gradual approach toward an integrated electricity market, orchestrated by the Regional Power Trade Coordination Committee (RPTCC), is contrasting with the inclusion of private sector investment in the regional grid.
In addition to coping with heterogeneous macroeconomic and legal frameworks in the event of cross-border infrastructure development, private sector participation isnt backed by current institutions or regional initiatives. Current institutions are accommodating national state-held power sectors and are building on bilateral agreements. The present researchs comparison with other regional power trade experiences highlights that the central role of transmission system or the diversification of power purchase agreements may deserve to be integrated to GMS initiatives.
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Graduate School of International Studies (국제대학원)Dept. of International Studies (국제학과)Theses (Master's Degree_국제학과)
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