@article {Kargman19, author = {Steven T. Kargman}, title = {Restructuring Troubled Power Projects in the Emerging Markets}, volume = {8}, number = {2}, pages = {19--25}, year = {2002}, doi = {10.3905/jsf.2002.320276}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In light of the volatile global economic environment in recent years, particularly in the emerging markets, it is not surprising that during this period a number of independent power producers (IPPs) in these markets have experienced serious challenges to their fundamental economic and commercial viability. While restructuring negotiations between the IPPs and government parties easily can get bogged down in political issues, the commercial focus of the negotiations can be restored when the host government has an urgent need for the power generated by the IPPs. In such a situation of rapidly rising electricity demand, it is conceivable that the foreign-owned IPPs may be in a position to offer a more effective response than the government-owned utility and its power plants. In the final analysis, the IPPs may need the pressure of such fundamental economic forces, including the increasing demand for electricity, to help bring the PPA renegotiation process to closure.}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/8/2/19}, eprint = {https://jsf.pm-research.com/content/8/2/19.full.pdf}, journal = {The Journal of Structured Finance} }