Place of Power Sector in Public-Private Partnership: A Veritable Tool to Prom...IJMERJOURNAL
ABSTRACT: Public Private Partnership involves private sector engagement in infrastructural development. Though in the past, the country infrastructure had been experiencing a decline in the system, this is because, government had been the sole contributor to infrastructural finance and had often taken responsibility for implementation, operations and maintenance as well. This decline in the system is caused by escalating population growth depending on available infrastructure, decaying of existing power infrastructure, political instability and corruption in the system. The ongoing reform is about bringing the system to a lime light. Hence, Public Private Partnership participation in the infrastructural development in Nigeria, will create favorable environment for an investors, provide job opportunities, long time policy, decision making and efficient use of the available resources. This paper therefore dwells on overview of the public private partnership with regards to energy and other infrastructural development of Nigeria. Challenges of the partnership and possible solutions towards subduing the problems are proffered.
A mature PPP framework is one of the most useful tools with the Governments to facilitate private investment into infrastructure.PPPs are long term contracts between the Government (sponsoring authority) and a private company that may typically provide for financing, construction, operation, and maintenance under a single firm or a consortium. It is generally advised to adopt a suitable PPP framework in case of large and complex projects that can justify the associated transaction and monitoring costs and thus provide value for money considering the project’s life-cycle cost to the Government.
Presented by Solomon Gizaw at the HEARD project regional public-private partnerships task force workshop, Amhara, 18 November 2019: Somali, 21 November 2019: Oromia, 26 November 2019
FIN COMMUNITY, IEA RETD workshop in London, 26th August 2015IEA_RETD
IEA-RETD Report: Cost and financing aspects of community renewable energy projects (FIN-COMMUNITY)
Gregory Vaughan-Morris, Ricardo-AEA
The key barriers faced by community energy projects are generally well understood, however, there is much less information available about the actual cost and financing implications of these projects. The FIN-COMMUNITY project seeks to identify, document and assess the cost and financial impacts faced by community-owned renewable energy projects compared to commercial renewable energy projects.
Place of Power Sector in Public-Private Partnership: A Veritable Tool to Prom...IJMERJOURNAL
ABSTRACT: Public Private Partnership involves private sector engagement in infrastructural development. Though in the past, the country infrastructure had been experiencing a decline in the system, this is because, government had been the sole contributor to infrastructural finance and had often taken responsibility for implementation, operations and maintenance as well. This decline in the system is caused by escalating population growth depending on available infrastructure, decaying of existing power infrastructure, political instability and corruption in the system. The ongoing reform is about bringing the system to a lime light. Hence, Public Private Partnership participation in the infrastructural development in Nigeria, will create favorable environment for an investors, provide job opportunities, long time policy, decision making and efficient use of the available resources. This paper therefore dwells on overview of the public private partnership with regards to energy and other infrastructural development of Nigeria. Challenges of the partnership and possible solutions towards subduing the problems are proffered.
A mature PPP framework is one of the most useful tools with the Governments to facilitate private investment into infrastructure.PPPs are long term contracts between the Government (sponsoring authority) and a private company that may typically provide for financing, construction, operation, and maintenance under a single firm or a consortium. It is generally advised to adopt a suitable PPP framework in case of large and complex projects that can justify the associated transaction and monitoring costs and thus provide value for money considering the project’s life-cycle cost to the Government.
Presented by Solomon Gizaw at the HEARD project regional public-private partnerships task force workshop, Amhara, 18 November 2019: Somali, 21 November 2019: Oromia, 26 November 2019
FIN COMMUNITY, IEA RETD workshop in London, 26th August 2015IEA_RETD
IEA-RETD Report: Cost and financing aspects of community renewable energy projects (FIN-COMMUNITY)
Gregory Vaughan-Morris, Ricardo-AEA
The key barriers faced by community energy projects are generally well understood, however, there is much less information available about the actual cost and financing implications of these projects. The FIN-COMMUNITY project seeks to identify, document and assess the cost and financial impacts faced by community-owned renewable energy projects compared to commercial renewable energy projects.
The US Department of Energy (USDOE) and the Alliance to Save Energy hosted an Asia Pacific Partnership on Clean Development and Climate (APP) Zero Energy Homes Workshop at the Alliance’s offices on September 22 – 23, 2009.
Infrastructure and Design Build ContractingWagner College
This monograph was written for Wagner College's Hugh L. Carey Institute for Government Reform in August 2020 by Peter J. Kiernan, of counsel at Schiff Hardin in New York. Kiernan previously served as counsel to New York Gov. David Paterson, counsel to the deputy mayor for finance of the City of New York, and chief counsel to the New York State Senate Minority. As a Littauer fellow at the Kennedy School of Government at Harvard University, he wrote an analysis of the New York City fiscal crisis, which was published by Harvard. He is a graduate of John Carroll University, the Kennedy School of Government at Harvard, and Cornell Law School.
Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014.
Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland
Pak Suryadarma, METI - Indonesia's Experience with Corporate Sourcing of REOECD Environment
Presentation by Pak Suryadarma, Chairman of METI-Indonesia Renewable Energy Association, Focus Group Discussion: Corporate Sourcing of Renewables to Spur New Economic Activity and Foreign Investment, 13 October 2020
This monograph was written for Wagner College's Hugh L. Carey Institute for Government Reform in February 2020 by Richard Flanagan, Ph.D., Professor in the Department of Political Science and Global Affairs at the College of Staten Island of the City University of New York and Research Fellow for the Carey Institute.
Essential Transit: Funding Efficient and Equitable Rapid Transit to Increase ...Wagner College
This monograph was written for Wagner College's Hugh L. Carey Institute for Government Reform in May 2020 by Patrick O'Connor. Born in Leominster, Massachusetts, Patrick O’Connor moved to New York and graduated from Wagner College with a degree in finance in 2013. While at Wagner, he captained the football team and was named the college’s 2013 Male Student-Athlete of the Year. After three years of risk management work at JPMorgan Chase, he was accepted as a 2016 Teach for America corps member. For the last four years, he has taught high school algebra in Lawrence, Massachusetts while obtaining a master’s degree in education at Boston University in 2018. O’Connor has been accepted to Harvard Law School and will matriculate there in the fall of 2020.
The US Department of Energy (USDOE) and the Alliance to Save Energy hosted an Asia Pacific Partnership on Clean Development and Climate (APP) Zero Energy Homes Workshop at the Alliance’s offices on September 22 – 23, 2009.
Infrastructure and Design Build ContractingWagner College
This monograph was written for Wagner College's Hugh L. Carey Institute for Government Reform in August 2020 by Peter J. Kiernan, of counsel at Schiff Hardin in New York. Kiernan previously served as counsel to New York Gov. David Paterson, counsel to the deputy mayor for finance of the City of New York, and chief counsel to the New York State Senate Minority. As a Littauer fellow at the Kennedy School of Government at Harvard University, he wrote an analysis of the New York City fiscal crisis, which was published by Harvard. He is a graduate of John Carroll University, the Kennedy School of Government at Harvard, and Cornell Law School.
Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014.
Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland
Pak Suryadarma, METI - Indonesia's Experience with Corporate Sourcing of REOECD Environment
Presentation by Pak Suryadarma, Chairman of METI-Indonesia Renewable Energy Association, Focus Group Discussion: Corporate Sourcing of Renewables to Spur New Economic Activity and Foreign Investment, 13 October 2020
This monograph was written for Wagner College's Hugh L. Carey Institute for Government Reform in February 2020 by Richard Flanagan, Ph.D., Professor in the Department of Political Science and Global Affairs at the College of Staten Island of the City University of New York and Research Fellow for the Carey Institute.
Essential Transit: Funding Efficient and Equitable Rapid Transit to Increase ...Wagner College
This monograph was written for Wagner College's Hugh L. Carey Institute for Government Reform in May 2020 by Patrick O'Connor. Born in Leominster, Massachusetts, Patrick O’Connor moved to New York and graduated from Wagner College with a degree in finance in 2013. While at Wagner, he captained the football team and was named the college’s 2013 Male Student-Athlete of the Year. After three years of risk management work at JPMorgan Chase, he was accepted as a 2016 Teach for America corps member. For the last four years, he has taught high school algebra in Lawrence, Massachusetts while obtaining a master’s degree in education at Boston University in 2018. O’Connor has been accepted to Harvard Law School and will matriculate there in the fall of 2020.
PUBLIC PRIVATE PARTNERSHIPS ARE MOSTLY PURSUIED TO SATISFY THE INFRASTRUCTURAL NEEDS OF A COUNTRY, REGION OR A CITY . PPP Is an instrument for infrastructure development AND HAS BASIC TENETS AND PRINCIPLES UNDERLYING ITS SUCCESSFUL IMPLEMENTATION.
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Financing the Transition to a Net-Zero Future: Manuela Fulga - WEFOECD Environment
"Challenges and best practices in financing to accelerate industry decarbonisation", OECD Series of Webinars on low carbon hydrogen and industry decarbonisation, 14 June 2023
A Public Private Partnership Approch to Climate FinanceAldo Baietti
The detrimental effects of climate change are growing, yet investments in clean technologies are still grossly insufficient, making it necessary to re-think how these projects should be evaluated, structured and financed in order to render them viable and attractive opportunities to polluting alternatives. Existing approaches lack key features in order to adequately address the key financing challenges of these investments, and do not utilize public support to its maximum effectiveness. The international community is essential in resolving this financing challenge, and host governments need to create an environment that levels the playing field for green investments vis-à-vis their conventional alternatives. The Green Infrastructure Finance Framework places clean investments in a commonly understood framework of structured finance with public finance components, as in many hybrid PPPs. The framework includes four
main elements: (i) a viability gap methodology for evaluating, structuring and equitably allocating financing responsibilities to different private and public parties; (ii) linkage to a country’s PPP’s procurement and regulatory framework along with an MRV component for ensuring the service obligations of projects; (iii) measures for addressing the adequacy of the climate for these investments; and (iv) a financing and advisory interface for allocating a wide variety of public sources of financing in a coherent fashion.
Connecting global & regional finance to projects - Finance for #SDGs High Level Meeting – #financeforSDGs – Christoph Waldersee – Bellagio – 25-27 February 2015
With the increase in public debt, 100% privately funded initiatives are now re-emerging yet experience had shown earlier that early successes of privatization programs were short lived and led later to bailouts / subsidy by Governments. PPP,s are likely to remain a better way to allocate the risks based on each entity’s ability to manage , mitigate and absorb risks. This brief highlights various aspects of PPP’s in terms of explaining the various PPP’s models and PPP’s transactions types, fiscal risks in PPP’s, PPP’s best practices and how to create an enabling PPP Environment. Major MENA PPP’s projects preview of is highlighted.
A compilation of resources from diverse public and private organizations that can provide technical assistance to help communities. The Where to Get Help presentation from the Forth Roadmap Win Federal Funding for Electric Mobility in Your Community workshop on Monday, May 15, 2023.
Risks & Advantages of P3 Projects by Sid Scott, Hill InternationalRoland_Nikles
Provides overview of the current status (March 2014) of public/private partnerships for development of horizontal and vertical infrastructure in the United States.
6. Global Urbanization The world’s urban population is projected to grow at twice the annual pace of the total population. Source: United Nations, 2006
7. Growth in Govt Funded PPP Programs Energy PPP’s: Loan Guarantee Programs – US
8. Anticipated Growth in Infrastructure Source: Strategy + Business magazine (Spring 2007) by Booz Allen Hamilton, Inc. During the next 25 years, modernizing and expanding urban infrastructure will require approximately $41 Trillion. Projected cumulative infrastructure investment needed during the next 25 years to modernize obsolescent systems and meet expanding demand, broken down by region and sector.
13. PPP is not privatization PPP Privatization Asset ownership Usually no irrevocable transfer of assets Transfer of ownership of assets Public responsibility Set policy and service levels Regulation Level of services Mechanism for shared services Authorities withdraw from service Risk/Reward Shared Transferred Mode Partnership Self-interest
18. Types of PPP Degree of Private Sector Involvement Degree of Private Sector Risk
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24. The evolution of PPPs Operational Focus Strategic Focus Input-orientation Output-orientation Outcome-orientation Outsourcing Cost Value Design & build, O&M contracts PPP contracts Joint Ventures & Strategic Partnerships
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29. K-12 Examples “ The pieces in our puzzle box have the following words on them; planning objectives, educational program goals, expertise, capability, capital funding, construction bonds, school improvement, tax incentives, housing, affordable housing, public programs and services, school choice, charter schools, private financing, flexibility, inflexibility, profit motive, bottom line, debt service, tax liability, public goals and objectives, early childhood development, responsibility, priorities, political considerations, repeat business, classroom space, community space, community learning, career education, etc. The bottom line is that we in the D.C. Public Schools see {public-private partnerships} as an opportunity and valuable tool in the arsenal of school facility improvements and accommodation of educational program needs.” Dr. Paul Vance, Superintendent, Washington, D.C. Public School Board
30. Higher Ed Example University of Central Florida was able to build a convocation center where state funding was not available for such projects. Example of PPP at University of Central Florida:
34. Process Risks Risk Solution Reputation Loss of reputation because a partner reneges on agreement Thorough pre-screening of partner Expectation Unrealistic expectation - Include stakeholders in process - Clearly communicate status at every milestone Project Private partner unable to deliver due to financial resources or experience Select partner that can bring resources to accomplish goals Legal Project being derailed due to violations of procurement or delivery laws Research laws prior to RFP/RFQ process and ensure the document is compliant Political Process can derail due to political fighting Get political agreement prior to process
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36. Cost Over Time Time Cost to Public Sector PPP approach Public funding Traditional funding of projects contains peaks and valleys in spending PPP creates a steady, predictable, and affordable financing source