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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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dc.contributor.advisor박태호-
dc.contributor.authorHelene Tabuteau-
dc.date.accessioned2017-07-19T04:27:45Z-
dc.date.available2017-07-19T04:27:45Z-
dc.date.issued2015-02-
dc.identifier.other000000024797-
dc.identifier.urihttps://hdl.handle.net/10371/129263-
dc.description학위논문 (석사)-- 서울대학교 국제대학원 : 국제학과(국제통상전공), 2015. 2. 박태호.-
dc.description.abstractEnergy 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
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dc.description.abstractthen 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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dc.description.tableofcontents1. Introduction: Regional electricity market integration, Greater Mekong Subregion Power Trade & Private participation 1
1.1. Foreword 1
1.1.1. Power trade: definition 1
1.1.2. Presentation of the GMS & Energy cooperation 1
1.1.3. Ambitions 7
1.2. Literature review: Electricity market integration (EMI), power trade and power infrastructure in Asia 10
2. Research question: Private participation in the Power Trade 21
2.1. Objective of the study 21
2.2. Relevance of the study: Private participation as the next needed step for the Power Trade 23
2.3. Methodology 26
2.4. Findings: Private sector participation is building linkages, but not a regional grid 28
3. Modalities of private participation 31
3.1. Segments in the electricity industry 31
3.2. Models for private sector participation 32
3.2.1. Privatization 33
3.2.2. Licensees 33
3.2.3. Public Private Partnership (PPP) 34
3.2.4. Local and foreign actors 39
3.2.5. Analysis: Enhancing Power Trade with private sector participation? 39
3.3. Current picture of private participation 40
3.3.1. Thailand 40
3.3.2. Vietnam 43
3.3.3. Cambodia 46
3.3.4. Lao 49
3.3.5. Analysis: Fit of the current picture with Power Trade 52
4. Issues and obstacles in linking private participation and GMS Power Trade 56
4.1. What is needed to spur more cross border infrastructure investments? 59
4.1.1. State hold and market structure 60
4.1.2. Attractiveness of the investment environment 65
4.1.3. Application to the GMS 4 case: an understanding of the complex situation 73
4.2. Harmonization, regulation and standards: cross border complexity 95
4.2.1. Landmarks of the institutional development 96
4.2.2. Gradual approach 98
4.2.3. Operational capacity for interconnection 100
4.2.4. Institutional capacity: lifting the barriers to cross border trade 102
4.2.5. Engaging the dialogue with the private sector 110
4.2.6. Case for PPP – Cross border rationale 111
4.3. Development of the private sector and regional development objectives: any contradiction? 116
4.3.1. Price 116
4.3.2. The incorporation of environmental and social issues: environmental
injustice and private sector 118
4.4. Conclusion: Assessing the private sector capacity to contribute to the Power Trade objective 122
5. Lessons from other regional power trade initiatives 126
5.1. European initiatives 126
5.2. EAPP (Eastern African Power Pool) 131
5.3. SAPP (South African Power Pool) 134
5.4. SIEPAC Transmission Project (Sistema de Interconexion Electrica de los Paies de America Central) & Central America Regional Electricity Market (MER) 139
5.5. Regional Transmission Operator 143
5.6. Lessons for private sector participation in power trade infrastructure 144
6. Comments on GMS Power Trade prospects 150
6.1. Gaining consensus toward a regional electricity market 150
6.2. About power exchange governance, following the RPCC creation 152
6.3. Comments on ADB set of actions given our observations on the inclusion of private sector 154
7. Conclusion & Way forward 159
8. References 164
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dc.formatapplication/pdf-
dc.format.extent2951876 bytes-
dc.format.mediumapplication/pdf-
dc.language.isoen-
dc.publisher서울대학교 대학원-
dc.subjectGreater Mekong Subregion-
dc.subjectElectricity market-
dc.subjectPower trade-
dc.subjectCross-border infrastructures-
dc.subjectPrivate sector participation-
dc.subjectHarmonization-
dc.subject.ddc382-
dc.titleChallenges of the participation of private sector in the development of the Greater Mekong Subregion Power Trade (GMS-4)-
dc.title.alternative메콩경제권 전류 무역 개발에 대한 사기업 참여의 문제점 GMS-4 사례를 중심으로-
dc.typeThesis-
dc.contributor.AlternativeAuthor엘렌타뷔또-
dc.description.degreeMaster-
dc.citation.pages192-
dc.contributor.affiliation국제대학원 국제학과(국제통상전공)-
dc.date.awarded2015-02-
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