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 (English)

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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Author

Aslan,Cigdem;

Irwin,Tim;
Document Date
2020/06/05
Document Type
Policy Research Working Paper
Report Number
WPS9271
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2020/06/05
Disclosure Status
Disclosed
Doc Name
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
Keywords
trade and investment

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Citation

Aslan,Cigdem; Irwin,Tim.

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 (English). Policy Research working paper|no. WPS 9271 Washington, D.C. : World Bank Group. 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 (English)

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