PPPI Resource Library: Energy (go back)

		Energy Title: Analysis of power projects with private participation under stress Author(s): M. Ananda Covindassamy; Daizo Oda; Yabei Zhang Posted Date: Wednesday, May 09, 2007 Keywords: accounting, autonomy, balance sheet, borrowing, budget constraints, CG, commercial banks, credit risk, electricity services, Emerging Markets, financial crises, foreign exchange, income, level playing field, market risk, poverty reduction, privatization, public finance, risk taking, sovereign risk Copyrights: The World Bank Type: File Decription: 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 the power sector, addresses the first two objectives. It describes and analyzes the trends in private participation in the electric power sector in developing countries over the 1984–2003 period, and by characterizing electricity projects under stress. The analysis is based on the survey of 63 electricity projects under stress. It identifies the most significant causes of stress, describes the most frequent stress factors and their combination in stress patterns, and presents the consequences of the stress patterns on power projects. Beyond the presentation of stress patterns, the report provides insights in the relationship between power sector reforms, privatization of power utilities and success/failure of private power projects. Download File: Analysis of power projects with private participation under stress.pdf (699K)