The following sections present a strategic framework to address the transformation challenges. The framework should be adapted to each country and its regional circumstances. Although the strategy is directed to developing-country policy officials who must chart their own future, it is relevant for a wide range of international public and private stakeholders.
Strategic Element #1: Developing countries should build sound policy, legal, and regulatory frameworks and institutions to attract investment in the electric power sector. High priority should be placed on energy efficiency and development of rational tariffs, standards, and incentives for deploying more efficient technologies.
Although developing a consensus...