IDEAS home Printed from
   My bibliography  Save this paper

Integrated Investment Appraisal of a Cogeneration Electricity Project Agreement with Global Environment Externalities


  • Glenn P. Jenkins

    () (Queen’s University, Canada and Eastern Mediterranean University, North Cyprus)

  • D.N.S. Dhakal

    (Duke Center for International Development, Duke University, USA)


This paper reports on integrated investment appraisal of cogeneration electricity project that uses the waste heat from a steel manufacturing factory to power this thermal electricity generation plant. It examines how an independent power producer, a large steel manufacturing, a dedicated consumer of electricity and a state electricity board, through a series of contractual agreements, managed to facilitate the investment in a 260 megawatt (MW) dual fuel-based thermal power project in the state of Karnataka, India. Since the early 1990’s, India has attempted to expand its power generation capacity by foreign investors to participate in build, own, and operate power projects. This paper reports on an integrated investment appraisal of the project.

Suggested Citation

  • Glenn P. Jenkins & D.N.S. Dhakal, 2003. "Integrated Investment Appraisal of a Cogeneration Electricity Project Agreement with Global Environment Externalities," Development Discussion Papers 2003-01, JDI Executive Programs.
  • Handle: RePEc:qed:dpaper:262

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Dale W. Jorgenson, 1998. "Growth, Volume 2: Energy, the Environment, and Economic Growth," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262100746, August.
    2. Glenn Jenkins & Chun-Yan Kuo, 1998. "Estimation Of The National Parameters For Economic Cost-Benfit Analysis For The Philippines," Development Discussion Papers 1998-04, JDI Executive Programs.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Cogeneration; independent power producer; integrated investment appraisal; India;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:dpaper:262. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Babcock). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.