Measuring and Apportioning Rents from Hydroelectric Power Developments
Mitchell Rothman
This paper deals with economic rents arising from the development of hydroelectric generation on international watercourses. The paper briefly defines the concept of economic rent and its application to hydroelectric developments. It explores two areas of precedents that ...

Private Sector and Power Generation in China.pdf
Energy and Mininlg Sector Unit East Asia and Pacific Region
Since the early 1980s, the Chinese Government has been gradually easing entry in power generation and ensuring private participation in power sector development. It first proceeded with several pilot projects and gradually expanded opportunities for private sector investment, ...

Risk shifting and long-term contracts evidence from the Ras Gas Project,Volume 1
Mansoor Dailami; Robert Hauswald
The presence of risky debt in a firm’s capital structure is known to lead to ex post conflicts of interests between the firm’s equity holders and bondholders.’ Given eguity’s convex pay-off profile, firms that are managed in the interest of equity holders have an incentive ...

Electricity sector reform in developing countries a survey of empirical evidence on determinants and performance
Tooraj Jamasb; Raffaella Mota; David Newbery; Michael Pollitt
Driven by ideology, economic reasoning, and early success stories, vast amounts of financial resources and effort have been spent on reforming infrastructure industries in developing countries. It is, therefore, important to examine whether evidence supports the logic ...

Financing of Private Hydropower Projects
Chris Head
This study provides an overview of the issues and challenges related to the private financing of hydropower projects in developing countries. From the very limited pool of projects that have already reached or are nearing financial closure, ten have been chosen for the ...

Investment in Natural Gas Pipelines in the Southern Cone of Latin America
AlejandroJ adresic
The natural gas pipelines between Argentina and Chile provide an interesting and valuable case study of large-scale investments in competitive environments. Jadresic, a former Minister of Energy in Chile argues that a competitive energy sector andfree entry were important ...

Lessons from the Independent Private Power Experience in Pakistan
Julia M. Fraser
The discussion paper recounts the background to the IPP program, describes the “orderly framework” developed by the World Bank Group for the IPP workout, and concludes with several lessons learned. The 1292 MW, $1.6 billion Hub Power Project was hailed as a landmark in the ...

Liquefied Natural Gas in China Options for Markets, Institutions, and Finance
Dean Girdis; Stratos Tavoulareas; Ray Tomkins
This report presents a summary of key issues and options relating to the development of a LNG project in China and is based on two more detailed reports (Phase I and Phase H), which discussed the market for gas and the institutional and financing issues necessary to support ...

Analysis of power projects with private participation under stress
M. Ananda Covindassamy; Daizo Oda; Yabei Zhang
In March of 2004, the World Bank and the IFC hosted a roundtable meeting with CEOs and Senior Managers of private firms who have invested in the power sector in developing countries. The present report, prepared as part of ESMAP’s and PPIAF’s programs on governance in ...

Designing Natural Gas Distribution Concessions in a Megacity
Juan Rosellón; Jonathan Halpern
In 1995 the Mexican government initiated structural reform of the natural gas sector-reform that permitted private investment in transportation, storage, distribution, trade and marketing while maintaining a State monopoly in production. It prepared a detailed regulatory ...

From Crisis to Stability in the Armenian Power Sector
Gevorg Sargsyan; Ani Balabanyan; Denzel Hankinson
In the wake of the Soviet Union’s collapse,Armenia, like other former Soviet republics, began to struggle with the implications of its newfound independence. In the electricity sector, this meant learning how to manage and sustain a fragment of a system that had never ...

Power for Developmnet
Fernando Manibog; Rafael Dominguez; Stephan Wegner
This study evaluates the performance of the World Bank Group (WBG) during the 1990s in promoting private sector development in the electric power sector (PSDE). This joint review by the WBG’s three evaluation units aims to inform the implementation of the WBG’s 2001 Energy ...

Reforming Power Markets in Developing Countries: What Have We Learned?
John E. Besant-Jones
This paper compiles the lessons of experience from the reforming power markets of developing countries and transition economies. It focuses on reforms that address the generally poor performance of power markets in developing countries. It also covers reforms in those developing ...