This paper presents the result of an evaluation of about 300 power projects financed by the World Bank and IDA between 1965 and 1983. The study shows a declining trend in power sector performance in spite of Bank involvement in the sector. It recommends greater emphasis on : improving productive and allocative efficiency; increasing incentives for enhanced utility efficiency; strengthening of power-energy-macroeconomic linkages; improving investment planning to achieve a better balance between generation and distribution, and giving greater emphasis to rehabilitation and maintenance. Sector restructuring and institutional reform is also recommended to improve the social compact between government, consumers and the electric utility.
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