Power to the Fiscal? An Exploration of the Use of Credit Ratings to Estimate the Expected Cost of a Guarantee of a Power-Purchase Agreement

Power to the Fiscal? An Exploration of the Use of Credit Ratings to Estimate the Expected Cost of a Guarantee of a Power-Purchase Agreement

Ministries of finance are often asked to guarantee a state-owned electricity utility's payments to an independent power producer under a power-purchase agreement. To decide whether to grant the guarantee, the ministry should have at least a ro...

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Bibliographic Details
Main Authors: Aslan, Cigdem, Irwin, Tim
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
FISCAL POLICY
GUARANTEES
POWER PURCHASE AGREEMENT
INDEPENDENT POWER PRODUCER
ELECTRICITY
FISCAL RISK
PUBLIC GUARANTEE
STATE-OWNED ENTERPRISES
ELECTRIC UTILITIES
Online Access:http://documents.worldbank.org/curated/en/865871591378220034/Power-to-the-Fiscal-An-Exploration-of-the-Use-of-Credit-Ratings-to-Estimate-the-Expected-Cost-of-a-Guarantee-of-a-Power-Purchase-Agreement
http://hdl.handle.net/10986/33873

Internet

http://documents.worldbank.org/curated/en/865871591378220034/Power-to-the-Fiscal-An-Exploration-of-the-Use-of-Credit-Ratings-to-Estimate-the-Expected-Cost-of-a-Guarantee-of-a-Power-Purchase-Agreement
http://hdl.handle.net/10986/33873

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