Development and Project Financing of Private Power Projects in Developing Countries: a Case Study of Cameroon
The power sector development is crucial in developing countries and it is known that a country cannot initiate economic growth without the electricity industry capacity to power the infrastructure and services industries. The economic difficulties of Cameroon and of its government-owned companies led the World Bank to set up a vast privatization program, with the government collaboration. In the electricity sector, the state had a complete control over the industry through SONEL, an integrated monopoly. Under the current privatization program, independent power projects are being financed through non-recourse project financing. This article analyses the critical issues involved in the development and projects financing of the independent power projects in Cameroon. The issues examined are related to policy, power purchase, risk factors, and financing and key success factors. This paper presents a brief profile of the power sector in Cameroon and investigates the implications of private-sector participation in the power supply industry in Cameroon.
power projects privatization project financing Cameroon AES-Sirocco
ZHANG Lianying GOUFO Yemtsa
School of Management, Tianjin University. Tianjin. 300072 Graduate student.School of Management,Tianjin University.Tianjin. 300072
国际会议
2003 International Conference on Construction & Real Estate Management(2003 建设与房地产管理国际会议)
哈尔滨
英文
32-34
2003-11-20（万方平台首次上网日期，不代表论文的发表时间）