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An Analysis of Independent Power Projects in Africa: Understanding Development and Investment Outcomes

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  • Katharine Nawaal Gratwick
  • Anton Eberhard

Abstract

This study analyses the outcomes of African independent power projects (IPPs). Nearly 40 such projects have taken root to date, concentrated mainly in 8 countries. More balanced outcomes are perceived in North Africa than across sub-Saharan Africa (SSA), for reasons linked to more attractive investment environments, more robust policy frameworks, fewer planning mishaps, abundant low-cost fuel and secure fuel contracts as well as credit enhancements such as sovereign guarantees. With few exceptions, these elements were absent in SSA, where the role of development finance institutions and the strategic management of projects seem more important. Copyright (c) The Authors 2008. Journal compilation (c) 2008 Overseas Development Institute..

Suggested Citation

  • Katharine Nawaal Gratwick & Anton Eberhard, 2008. "An Analysis of Independent Power Projects in Africa: Understanding Development and Investment Outcomes," Development Policy Review, Overseas Development Institute, vol. 26(3), pages 309-338, May.
    • Handle: RePEc:bla:devpol:v:26:y:2008:i:3:p:309-338
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    Citations

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    Cited by:

    1. Ahlborg, Helene & Boräng, Frida & Jagers, Sverker C. & Söderholm, Patrik, 2015. "Provision of electricity to African households: The importance of democracy and institutional quality," Energy Policy, Elsevier, vol. 87(C), pages 125-135.
    2. Jensen, Olivia & Wu, Xun, 2017. "The hybrid model for economic regulation of water utilities: Mission impossible?," Utilities Policy, Elsevier, vol. 48(C), pages 122-131.
    3. Mrs. Teresa Ter-Minassian & Richard Hughes & Alejandro Hajdenberg, 2008. "Creating Sustainable Fiscal Space for Infrastructure: The Case of Tanzania," IMF Working Papers 2008/256, International Monetary Fund.
    4. James Andilile & Saganga Mussa Kapaya, 2021. "A Review of the Impact of Reforms on Financial Viability and Sustainability of Tanzania’s Power Sector," Applied Economics and Finance, Redfame publishing, vol. 8(6), pages 47-61, November.
    5. Eberhard, Anton & Shkaratan, Maria, 2012. "Powering Africa: Meeting the financing and reform challenges," Energy Policy, Elsevier, vol. 42(C), pages 9-18.
    6. Kate Bayliss, 2009. "Private Sector Participation in African Infrastructure: Is it Worth the Risk?," Working Papers 55, International Policy Centre for Inclusive Growth.
    7. Gratwick, Katharine Nawaal & Eberhard, Anton, 2008. "Demise of the standard model for power sector reform and the emergence of hybrid power markets," Energy Policy, Elsevier, vol. 36(10), pages 3948-3960, October.
    8. Anton Eberhard, 2017. "Powering Africa: Facing the Financing and Reform Challenges," Working Paper 808f2af7-2cf9-4bca-8b3f-3, Agence française de développement.
    9. World Bank, 2011. "Revisiting Policy Options on the Market Structure in the Power Sector," World Bank Publications - Reports 17146, The World Bank Group.
    10. Kashi, Bahman, 2015. "Risk management and the stated investment costs by independent power producers," Energy Economics, Elsevier, vol. 49(C), pages 660-668.
    11. Bahman Kashi, 2014. "Risk Management and the Stated Capital Costs by Independent Power Producers," Development Discussion Papers 2014-03, JDI Executive Programs.
    12. Kruger, Wikus, 2022. "A quiet transition: The role of Namibia's state-owned power utility in the renewable energy auction program," Utilities Policy, Elsevier, vol. 78(C).
    13. Anton Eberhard & Vivien Foster & Cecilia Briceño-Garmendia & Fatimata Ouedraogo & Daniel Camos & Maria Shkaratan, 2008. "Underpowered : The State of the Power Sector in Sub-Saharan Africa," World Bank Publications - Reports 7833, The World Bank Group.

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