The basis for power supply industry programming in a market economy should be the principle of sustainable development, which must take into account maintaining an adequate level of energy security on the one hand, and the aim to preserve the maximum degree of non-renewable resources on the other hand. Therefore, the overriding aim should be a strive to meet the current and prospective demand for energy and fuel, in conjugation with the diversification of sources of access to technology and their manufacturing and delivery, while maintaining ownership. One of the most important conditions for the proper functioning of power engineering is not only the efficiency of current management but also the process of rational decision-making regarding planning. The accuracy of decision making influences, inter alia, the future development of the power engineering sector, its market share and capacity to generate profits for the national economy. The development of power engineering results from the implementation of specific investment projects, both new and replacement. Investing is a long term process which requires accumulating the capital necessary to finance the initial investment, which should yield a positive result with a delay. The general problems of investment process in the power supply industry are presented.
Authors
Additional information
- Category
- Publikacja w czasopiśmie
- Type
- artykuły w czasopismach recenzowanych i innych wydawnictwach ciągłych
- Language
- angielski
- Publication year
- 2012
