Private sector participation in power through BOOT schemes
Besant-Jones, John E. [editor]
This report reviews the issues and options for private sector participation in power supply by means of Build-Own-Operate-Transfer (BOOT) schemes, particularly in developing countries. The report focuses on the practical issues for implementing successfully the BOOT approach for power development from the different perspectives of host governments, power utilites and financiers as well as investors, suppliers and contractors from the private sector. The following key aspects are covered: (1) objectives of the approach for all parties; (2) security package and risk allocation; (3) bidding and negotiation processes; (4) responsibilities of host governments; and (5) options for the role of the World Bank. A recurring theme in the report is the trade-off between the potential advantages (risk sharing, additional investment resources, improved efficiency) and drawbacks (lengthy and costly negotiations, inflexibility in the plant usage, higher price from greater returns sought by private investors) of BOOT power projects for developing countries. On balance, it appears that experience to date does not provide a reliable basis for evaluating this trade-off, but it appears to show that the approach could offer a decisive net advantage once the process for developing these projects is improved.
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