CIAO DATE: 06/01

Foreign Direct Investment in New Electricity Generating Capacity in Developing Asia: Stakeholders, Risks, and the Search for a New Paradigm

This discussion paper provides an introduction to the rationale and commercial structure of IPPs under the conventional contract-dominated structure (the "Old Paradigm ")and under emerging spot-market structures (the "New Paradigm ").It also delineates the market structures implied by these paradigms and identifies the stakeholders and their interests. However,the primary purpose of this paper is to raise questions rather than answer them, and to stimulate discussion of whether the questions raised are the right ones.

Full Text of General Workings Papers Article (PDF, 48pgs, 252 Kb)