Private-public partnership in the realization of the projects of energy infrastructure

L. Bhan I. Chukaeva

Economy and Forecasting, 2012, issue 4, 46-53

Abstract: The introduction of private-public partnership in Ukraine, which is stipulated by the law, has not yet received wide acceptance and thus does not bring expected results. The article's objective consists in the formulation of the concept on the main tendencies of the development of private-public partnership in the energy infrastructure of foreign countries and revealing the possibilities and problems of its use in Ukraine. Research on the possibilities of the use of private-public partnership in Ukraine has shown that today this form of interaction between state and business is the most acceptable one for the modernization of the energy infrastructure, which is now in a difficult situation. Russia's experience has shown that the main form of private-public partnership in the power sector are concessions, but, in Ukraine, concession agreements have not become an efficient mechanism for attracting investments even after the approval of "The Law on Concessions". Analysis of the use of private-public partnership in Ukraine in order to modernize the power sector based on PPP principles has been hampered by a series of obstacles including the imperfect legislation and the absence of strict models for risk distribution etc. Any discrepancies and risks emerging in the course of realization of PPP projects should betaken into account and explained in corresponding documents and regulations. Unfortunately, in Ukraine, the legal base for PPP projects is not so perfect so the state should act as initiator of the adoption of new laws and guarantor of the compliance with the regulations. Only in this case it is possible to attain investors' confidence and lower risks.

Date: 2012
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