96/01675 Financing of private power development and power sector reform in emerging nations. An eseential nexus?

1996 ◽  
Vol 37 (2) ◽  
pp. 113
1998 ◽  
Vol 37 (4II) ◽  
pp. 811-823
Author(s):  
Anjum Siddiqui

Since May 1998, an important issue facing Pakistan policy-makers has been whether independent power producers (IPPs) produce expensive electricity. It is contended that IPPs’ expensive power has rendered the state utility, Water and Power Development Authority (WAPDA), bankrupt. It is also alleged that IPPs indulged in corruption and colluded with WAPDA officials to get their signatures on contracts which allowed procurement of expensive power by WAPDA and which it can ill afford now. This paper shifts through the rhetoric surrounding IPPs and focuses on the central issue of whether IPPs produce expensive power. If it can be established that IPPs produce cheaper power than WAPDA, then the second part of the argument that WAPDA became financially weak because of IPPs’ expensive power is destroyed. The alleged corruption issues are not discussed as they are beyond the scope of the paper. Section 1 provides a background to the establishment of the private power sector in Pakistan. Section 2 discusses various project risks faced by shareholders and lenders. Section 3 outlines the components of the electricity tariff. Section 4 traces the reasons for increase in electricity tariffs since 1994 when the Power Purchase Agreements (PPA) were signed. Section 5 shows the comparative costs of production of IPPs and WAPDA.


2019 ◽  
Author(s):  
Catrina Godinho ◽  
Anton Eberhard
Keyword(s):  

Author(s):  
Sam Amadi

In Nigeria, an estimated 170 million people depend on less than 4,000 megawatts of electricity from the grid for economic and social needs. Since 2000 the country has embarked on an ambitious power sector reform programme, the main objective of which is to ensure adequate, available, and reliable electricity. The power sector reform adopts a neo-liberal development model that is based on the triple strategy of liberalization, commercialization, and privatization. This strategy has relied heavily on the reform of the existing legal regime of state institutions so as to attract foreign private capital to increase capacity, expand connection, and improve reliability. This chapter reviews the incompletely theorized neo-liberal assumptions in the reform policies and shows how these assumptions have undermined the efficacy of legal reform in the electricity industry and resulted in failed expectation.


1961 ◽  
Vol 87 (2) ◽  
pp. 69-84
Author(s):  
Richard S. Woodruff

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