Financing of Private Hydropower Projects
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 hav...
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Online Access: | http://documents.worldbank.org/curated/en/2000/07/436947/financing-private-hydropower-projects http://hdl.handle.net/10986/15190 |
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okr-10986-151902021-04-23T14:03:11Z Financing of Private Hydropower Projects Head, Chris ACCOUNTING ADB BALANCE SHEET BANK OF JAPAN BANKING SECTOR BENEFITS OF HYDROPOWER BROKERS CAPITAL MARKETS CLEAN RENEWABLE SOURCES DEBT DEREGULATION DEVOLUTION ECONOMICS ENVIRONMENTAL IMPACT ASSESSMENT ENVIRONMENTAL SENSITIVITIES EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL STRENGTH FINANCIAL STRUCTURES FOREIGN EXCHANGE HEALTH CARE HEALTH CARE FINANCING HYDRO CAPACITY HYDRO ENERGY HYDRO INDUSTRY HYDRO POTENTIAL HYDRO PROJECT HYDRO PROJECTS HYDRO SCHEMES HYDROLOGICAL RISK HYDROPOWER DEVELOPMENT HYDROPOWER GENERATION HYDROPOWER PROJECTS INFLATION INSURANCE LARGE HYDRO PROJECTS LARGE HYDROPOWER LOCAL GOVERNMENT MARKET RISK MATURITY MICROFINANCE MULTILATERAL DEVELOPMENT BANKS NATURAL RESOURCES OFFTAKE AGREEMENTS OPERATING COSTS POWER CAPACITY POWER STATIONS PRIVATE HYDRO DEVELOPMENT PRIVATE HYDROPOWER PRIVATE SECTOR PRIVATIZATION PROJECT FINANCE REGULATORY FRAMEWORK RISK SHARING RISK TAKING SAFETY NETS SOCIAL SERVICES TECHNICAL ASSISTANCE TERM FINANCE TRANSITION ECONOMIES TRANSPARENCY TRANSPORT HYDROPOWER PROJECTS HYDROELECTRIC POWER PLANTS FINANCE THERMAL POWER CONCESSION AWARD REGULATORY FRAMEWORK EQUITY FINANCE DEBT FINANCING CONTRACTORS GOVERNMENT ROLE PRIVATE INFRASTRUCTURE GREENFIELD PROJECTS 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 study from five countries with the most active in promoting private hydro development. Collectively the case study projects provide a reasonable cross-section of private hydro schemes that have been or are being developed. The financing of greenfield private infrastructure on a limited-recourse basis in developing countries faces certain common issues irrespective of the type of project. However, hydropower faces additional difficulties caused by the site-specific nature of projects, high construction risk and long construction periods, their capital-intensive nature with a high proportion of local costs, unpredictable output subject to river flows and broader water management constraints, complex concession process to achieve transparency in the award and pricing of output, and environmental sensitivities. The study suggests the need for longer-term financing to better suit hydropower characteristics, a regulatory framework and realistic public-private risk-sharing arrangements responsive to the requirements of hydropower projects, and the careful preparation of projects by the public sector to enable their formulation on an adequate technical and contractual basis for development as a private concession. 2013-08-19T21:28:14Z 2013-08-19T21:28:14Z 2000-07 http://documents.worldbank.org/curated/en/2000/07/436947/financing-private-hydropower-projects 0-8213-4799-3 http://hdl.handle.net/10986/15190 English en_US World Bank Discussion Paper;No. 420 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication East Asia and Pacific Europe and Central Asia Latin America & Caribbean South Asia |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English en_US |
topic |
ACCOUNTING ADB BALANCE SHEET BANK OF JAPAN BANKING SECTOR BENEFITS OF HYDROPOWER BROKERS CAPITAL MARKETS CLEAN RENEWABLE SOURCES DEBT DEREGULATION DEVOLUTION ECONOMICS ENVIRONMENTAL IMPACT ASSESSMENT ENVIRONMENTAL SENSITIVITIES EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL STRENGTH FINANCIAL STRUCTURES FOREIGN EXCHANGE HEALTH CARE HEALTH CARE FINANCING HYDRO CAPACITY HYDRO ENERGY HYDRO INDUSTRY HYDRO POTENTIAL HYDRO PROJECT HYDRO PROJECTS HYDRO SCHEMES HYDROLOGICAL RISK HYDROPOWER DEVELOPMENT HYDROPOWER GENERATION HYDROPOWER PROJECTS INFLATION INSURANCE LARGE HYDRO PROJECTS LARGE HYDROPOWER LOCAL GOVERNMENT MARKET RISK MATURITY MICROFINANCE MULTILATERAL DEVELOPMENT BANKS NATURAL RESOURCES OFFTAKE AGREEMENTS OPERATING COSTS POWER CAPACITY POWER STATIONS PRIVATE HYDRO DEVELOPMENT PRIVATE HYDROPOWER PRIVATE SECTOR PRIVATIZATION PROJECT FINANCE REGULATORY FRAMEWORK RISK SHARING RISK TAKING SAFETY NETS SOCIAL SERVICES TECHNICAL ASSISTANCE TERM FINANCE TRANSITION ECONOMIES TRANSPARENCY TRANSPORT HYDROPOWER PROJECTS HYDROELECTRIC POWER PLANTS FINANCE THERMAL POWER CONCESSION AWARD REGULATORY FRAMEWORK EQUITY FINANCE DEBT FINANCING CONTRACTORS GOVERNMENT ROLE PRIVATE INFRASTRUCTURE GREENFIELD PROJECTS |
spellingShingle |
ACCOUNTING ADB BALANCE SHEET BANK OF JAPAN BANKING SECTOR BENEFITS OF HYDROPOWER BROKERS CAPITAL MARKETS CLEAN RENEWABLE SOURCES DEBT DEREGULATION DEVOLUTION ECONOMICS ENVIRONMENTAL IMPACT ASSESSMENT ENVIRONMENTAL SENSITIVITIES EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL STRENGTH FINANCIAL STRUCTURES FOREIGN EXCHANGE HEALTH CARE HEALTH CARE FINANCING HYDRO CAPACITY HYDRO ENERGY HYDRO INDUSTRY HYDRO POTENTIAL HYDRO PROJECT HYDRO PROJECTS HYDRO SCHEMES HYDROLOGICAL RISK HYDROPOWER DEVELOPMENT HYDROPOWER GENERATION HYDROPOWER PROJECTS INFLATION INSURANCE LARGE HYDRO PROJECTS LARGE HYDROPOWER LOCAL GOVERNMENT MARKET RISK MATURITY MICROFINANCE MULTILATERAL DEVELOPMENT BANKS NATURAL RESOURCES OFFTAKE AGREEMENTS OPERATING COSTS POWER CAPACITY POWER STATIONS PRIVATE HYDRO DEVELOPMENT PRIVATE HYDROPOWER PRIVATE SECTOR PRIVATIZATION PROJECT FINANCE REGULATORY FRAMEWORK RISK SHARING RISK TAKING SAFETY NETS SOCIAL SERVICES TECHNICAL ASSISTANCE TERM FINANCE TRANSITION ECONOMIES TRANSPARENCY TRANSPORT HYDROPOWER PROJECTS HYDROELECTRIC POWER PLANTS FINANCE THERMAL POWER CONCESSION AWARD REGULATORY FRAMEWORK EQUITY FINANCE DEBT FINANCING CONTRACTORS GOVERNMENT ROLE PRIVATE INFRASTRUCTURE GREENFIELD PROJECTS Head, Chris Financing of Private Hydropower Projects |
geographic_facet |
East Asia and Pacific Europe and Central Asia Latin America & Caribbean South Asia |
relation |
World Bank Discussion Paper;No. 420 |
description |
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
study from five countries with the most active in promoting
private hydro development. Collectively the case study
projects provide a reasonable cross-section of private hydro
schemes that have been or are being developed. The financing
of greenfield private infrastructure on a limited-recourse
basis in developing countries faces certain common issues
irrespective of the type of project. However, hydropower
faces additional difficulties caused by the site-specific
nature of projects, high construction risk and long
construction periods, their capital-intensive nature with a
high proportion of local costs, unpredictable output subject
to river flows and broader water management constraints,
complex concession process to achieve transparency in the
award and pricing of output, and environmental
sensitivities. The study suggests the need for longer-term
financing to better suit hydropower characteristics, a
regulatory framework and realistic public-private
risk-sharing arrangements responsive to the requirements of
hydropower projects, and the careful preparation of projects
by the public sector to enable their formulation on an
adequate technical and contractual basis for development as
a private concession. |
format |
Publications & Research :: Publication |
author |
Head, Chris |
author_facet |
Head, Chris |
author_sort |
Head, Chris |
title |
Financing of Private Hydropower Projects |
title_short |
Financing of Private Hydropower Projects |
title_full |
Financing of Private Hydropower Projects |
title_fullStr |
Financing of Private Hydropower Projects |
title_full_unstemmed |
Financing of Private Hydropower Projects |
title_sort |
financing of private hydropower projects |
publisher |
Washington, DC: World Bank |
publishDate |
2013 |
url |
http://documents.worldbank.org/curated/en/2000/07/436947/financing-private-hydropower-projects http://hdl.handle.net/10986/15190 |
_version_ |
1764425441600339968 |