What Explains the Allocation of Aid and Private Investment for Electrification?
Date
2015-03Author
Pueyo, Ana
Orraca, Pedro
Godfrey-Wood, Rachel
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Abstract
This paper aims to inform policy looking to step up investment in the electricity sector of
developing countries and align it to other development goals such as universal access to
energy or sustainability. Three questions guide the analysis: (1) How and why has private
and donor finance for electrification changed across time? (2) What are the different
motivations of private investors and donors as regards who and what gets financed? (3) Are sustainability and equitable access priorities for private and donor investment? These
questions are addressed by describing finance flows during the period 1990–2010 and
performing an econometric analysis to explain inter-country allocation.