Private Power Financing-From Project Finance to Corporate Finance
Author: Karl Jechoutek and Ranjit Lamech Date: 10/1/1995 (PDF, 200KB)
In developing countries, limited recourse or nonrecourse project financing has been the solution to the problem of getting credit to power sectors dominated by uncreditworthy borrowers and public agencies. Karl Jechoutek and Ranjit Lamech predict, however, that the next round of power sector financing will be predominantly balance sheetÐdriven, a less expensive alternative. They explain what policymakers, investors, and power sector enterprises need to consider in anticipation of this change.