Celebrating the Past

The Mirage of Three-Cent Power: Why the Haripur project would cost more than five cents here

Back in 1998, when participation by IPPs in power generation was still at a nascent stage in India, the discovery of ultra-low tariffs for a project in neighbouring Bangladesh made headlines. Opponents of private power questioned why foreign IPPs were “overstating” their tariffs in India, without factoring in the higher import duties, fuel costs and taxes in the country. This article analyses the tariffs quoted by IPPs in India and elsewhere in the world […]