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 projects in developing countries. ...
she works as a seamstress and wants to know why her bill has made a sudden leap in numbers. In a subdued tone, the XEN tells her the electricity price has gone up. There is nothing he
I analyze the determinants of the stated capital cost of IPPs' power projects which significantly influences their price of power. 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...