Political economy of power sector reforms: The growth rate of demand for electricity for the developing countries is much higher than that of developed countries. According to the World Bank1 'to meet the current demand for electricity, and to provide service to the 2 billion people currently doing without, developing countries will have to invest an estimated $100 billion per year over the next decade. In fact, it is estimated that by 2010 the developing countries will have surpassed the OECD countries in total installed generating capacity, if they can raise the needed capital.'