Improving the Climate for European Investments in the Russian Electricity Production Sector: (I) the Role of Investment Protection Law
Article from: OGEL 2 (2009), in EU - Russia relations
Introduction
Large investments are needed to modernise the Russian electricity production sector. To finance these investments, Russia is liberalising its electricity market. Moreover, it has recently established regulatory frameworks to promote alternative modes of electricity production. European energy concerns are expected to play an important role in this modernisation process by transferring capital and energy efficient technologies. The readiness of these companies to invest will, however, depend on the predictability and credibility of the investment climate. This article identifies ...