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Political Economy of International Infrastructure Contracting, Lessons from the IPP Experience
Working Paper

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Program on Energy and Sustainable Development Working Paper #52

October 2005

Private investment in electricity generation (so called "independent power producers" or IPPs) in developing countries grew dramatically during the 1990s, only to decline equally dramatically in the wake of the Asian financial crisis and other troubles in the late 1990s. The Program on Energy and Sustainable Development at Stanford University has undertaken a detailed review of the IPP experience in developing countries. The study has sought to identify the principal factors that explain the wide variation in outcomes for IPP investors and hosts.

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