I show that IPPs face a strong incentive to overstate their capital cost and argue that effective competition or regulatory scrutiny will limit the extent of the same. I analyze the stated capital costs of combined cycle gas turbine (CCGT) IPP projects in eight developing countries which became ...
Phadke A. 2009 How many Enrons? Mark-ups in the stated capital cost of independent power producers' (IPPs') power projects in developing countries Energy 34(11):1917-1924Phadke, A.. 2009. How Many Enrons? Mark-ups in the stated capital cost of independent power producers' (IPPs) power...