Introduction

The lessons of the turbulent 1990s boom in private participation in infrastructure remain opaque. In response, the Program on Energy & Sustainable Development at Stanford University undertook a detailed review of the global experience with independent power projects-privately developed power plants that sell electricity to a public grid-in developing countries. The study covered thirteen countries and thirty five projects, and sought to identify the key factors that affected outcomes across these projects. Broadly speaking, the quality of the IPP experience reflected systemic ...