Developing the energy sector of black sea countries: The application of modern financial mechanisms

Kagiannas, AG; Askounis, DTh; Psarras, JE

dc.contributor.author	Kagiannas, AG	en
dc.contributor.author	Askounis, DTh	en
dc.contributor.author	Psarras, JE	en
dc.date.accessioned	2014-03-01T01:20:12Z
dc.date.available	2014-03-01T01:20:12Z
dc.date.issued	2004	en
dc.identifier.issn	10783466	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/15858
dc.subject	Black Sea countries	en
dc.subject	Build-operate-transfer	en
dc.subject	Energy sector	en
dc.subject	Financial mechanisms	en
dc.subject	Third-party financing	en
dc.subject.other	Contracts	en
dc.subject.other	Cost effectiveness	en
dc.subject.other	Finance	en
dc.subject.other	Investments	en
dc.subject.other	Laws and legislation	en
dc.subject.other	Strategic planning	en
dc.subject.other	Sustainable development	en
dc.subject.other	Black sea country	en
dc.subject.other	Build-operate-transfer	en
dc.subject.other	Financial mechanism	en
dc.subject.other	Social progress	en
dc.subject.other	Third party financing	en
dc.subject.other	Energy policy	en
dc.title	Developing the energy sector of black sea countries: The application of modern financial mechanisms	en
heal.type	journalArticle	en
heal.identifier.primary	10.2316/Journal.203.2004.1.203-3335	en
heal.identifier.secondary	http://dx.doi.org/10.2316/Journal.203.2004.1.203-3335	en
heal.publicationDate	2004	en
heal.abstract	One of the main objectives of the energy policy of the Black Sea countries has been the provision of required energy on a timely, reliable, cost-effective, and high-quality basis in order to support sustainable development and social progress. The policy also makes notable efforts to ensure adequate funding and encouragement of investments from the public and private sector as well as from foreign capital. However, the efficient realization of energy projects depends greatly on adequate and timely identification of possible sources and tools of funding. Lack of public funds and the difficulties in obtaining financing are strong deterrents to energy investments in many countries around the world, and more specifically in economies under transition. Alternative financial mechanisms have been developed to overcome these barriers. This article appraises four financial mechanisms - third-party financing, build-operate-transfer, venture capital, and revolving loan funds - according to the priorities of the energy sector of the Black Sea countries.	en
heal.journalName	International Journal of Power and Energy Systems	en
dc.identifier.doi	10.2316/Journal.203.2004.1.203-3335	en
dc.identifier.volume	24	en
dc.identifier.issue	1	en
dc.identifier.spage	56	en
dc.identifier.epage	64	en