An Analysis Of Electricity Generation And Tariff Options In Ghana
AbstractFor most electric utility in developing countries the choice of generation technology, the type of financing that is available, the type of ownership of the facility, and electricity tariff policies are not independent variables. This paper reports on an integrated financial, economic and stakeholder analysis of a prospective investment in the Bui hydroelectric generation dam in Ghana. The appraisal of the Bui dam serves as the vehicle to illustrate how the choice of technology, choice of public utility versus independent power producer and available financing packages are linked and what may be their implication for domestic electricity pricing policy. In this case, the Bui dam is both financially and economically better than the alternative compared here, even if favorable financing terms are not available to this project. At the same time, the risks of cost overruns, water availability and construction delays are risks that are likely to be more prevalent with the development of a hydro dam than in the case of the thermal alternative.
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Bibliographic InfoPaper provided by JDI Executive Programs in its series Development Discussion Papers with number 1999-03.
Length: 59 pages
Date of creation: May 1999
Date of revision:
Ghana; electricity; tariff regulation; system planning; investment; privatization;
Find related papers by JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Glenn Jenkins & Henry Lim, 1999. "An Integrated Analysis of a Power Purchase Agreement," Development Discussion Papers, JDI Executive Programs 1999-08, JDI Executive Programs.
- Glenn P. Jenkins, 1994.
"The appraisal of investment projects: A teaching approach,"
Journal of International Development,
John Wiley & Sons, Ltd., vol. 6(1), pages 115-122, 01.
- Glenn Jenkins, 1994. "The Appraisal Of Investment Projects - A Teaching Approach," Development Discussion Papers, JDI Executive Programs 1994-05, JDI Executive Programs.
- Glenn Jenkins & Andrey Klevchuk, . "Appraisal Of El-Kureimat Combined Cycle Power Plant," Development Discussion Papers, JDI Executive Programs 2006-03, JDI Executive Programs.
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