PPA standardisation bid aims to lower the barrier for project finance

Power project developers have been drawn to emerging markets in the hope of gaining higher profits from these regions than are available in maturer home markets. The difficulties of bringing projects to financial close are well known to anyone who has tried to establish a private power station in these regions, and lead to long hours and many resources being expended before construction even begins. A new initiative from within the development community is aiming to reduce the delays and frustrations by formulating standard language for the contracts that are necessary for IPPs. Gordon Edge Editor, Power Economics