November 1, 2006 - News
PESD researcher Erik Woodhouse presents at MIGA/Georgetown symposium on international political risk management
Private investment in electricity generation (so called "independent power producers" or IPPs) in developing countries grew dramatically during the 1990s, only to decline equally dramatically in the wake of the Asian financial crisis and other troubles in the late 1990s. The Program on Energy and Sustainable Development at Stanford University undertook a detailed review of the IPP experience in developing countries to identify the principal factors explaining the wide variation in outcomes for IPP investors and hosts. Erik Woodhouse
presented lessons for the next wave in private investment in electricity generation at "International Political Risk Management: Meeting the Needs of the Present, Anticipating the Challenges of the Future," the fifth installment of an annual symposium sponsored by the World Bank's Multilateral Investment Guarantee Agency and Georgetown University's
School of Foreign Service.
Read his general report on Political Economy of International Infrastructure Contracting, Lessons from the IPP Experience and a more detailed analysis of his case selection in a following report titled IPP Study Case Selection and Project Outcomes: An Additional Note.