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 rough estimate of the guarantee's expected cost. Making use of an analogy between a power-purchase agreement and a debt contract, this paper shows how the ministry can get such an estimate by applying a method...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2020/06/05
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Рабочий документ в рамках исследования вопросов политики
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WPS9271
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1
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1
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2020/06/05
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Disclosed
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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
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trade and investment