Discover more from Second Opinion
Two pieces - Using the SPV model for PPP projects + Root cause analysis for the power crisis
What happened to the SPV model in PPP projects?
In my last column, I looked at removing equity lock-in restrictions to make the transfer of existing projects easier. Here, I look at a simple structure to reduce up-front risk in PPP projects - creating an SPV which contains key approvals and consents, contracts, land etc. within it and then selling the SPV to the winning bidder. This was used for the Ultra Mega Power Projects and potentially has other use cases, including for novel projects like offshore wind but also for complex, large projects like ports and airports.
What Happened to the SPV model in PPP projects
Root cause analysis for the power crisis
Ajay Shah and I wrote in Business Standard on the root cause of the power crisis. We argue that to solve the problems of the power sector, including the current crisis, we need to remove government involvement in production, consumption, technical design and price formation.
Root cause analysis for the power crisis
Other writing
I have started a microblog of writing on issues outside my formal work. These 300-word pieces can be accessed here: