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Hassanein, A A G and Khalil, B N L (2006) Developing general indicator cost Indices for the Egyptian construction industry. Journal of Financial Management of Property and Construction, 11(03), 181–94.

Ibrahim, A D, Price, A D F and Dainty, A R J (2006) The analysis and allocation of risks in public private partnerships in infrastructure projects in Nigeria. Journal of Financial Management of Property and Construction, 11(03), 149–64.

Lowe, D J, Emsley, M W and Harding, A (2006) Relationships between total construction cost and project strategic, site related and building definition variables. Journal of Financial Management of Property and Construction, 11(03), 165–80.

Shrestha, R B and Ogunlana, S (2006) Comparative study of power purchase agreements in the Nepalese environment. Journal of Financial Management of Property and Construction, 11(03), 133–47.

  • Type: Journal Article
  • Keywords: Independent power producers; independent power production; power purchase agreements; take or pay contracts; guarantees
  • ISBN/ISSN: 1366-4387
  • URL: https://doi.org/10.1108/13664380680001085
  • Abstract:
    This paper describes the experiences and the contentious issues on eight existing Power Purchasing Agreements (PPAs) in Nepal with varying type of investment, the key areas where Independent Power Producers (IPPs) are treated fairly and the areas where IPPs are discriminated against by the clauses are highlighted. Power Purchase Agreements on IPPs in Nepal are of three types: with foreign investment, local investment and investment in JV with the Utility. A critical issue in designing power purchase agreements is to create a level playing field for the players to secure successful and sustainable IPPs and PPAs. To create this environment, discriminatory clauses or unequal treatment to IPPs in the key issues of the PPAs should be avoided; the key issues being power purchase guarantees, force majeure guarantees, financial and foreign exchange guarantees, operation guarantees, and guarantees concerning insurance and dispute resolution. The analysis shows that discriminatory clauses and unequal treatment are present in the key issues of the agreements.