https://scholars.lib.ntu.edu.tw/handle/123456789/172423
標題: | Establishing SPV for power projects in Asia: an analysis of critical financial and legal factors | 作者: | Chowdhury, Abu Naser Chen, Po-Han Tiong, Robert Lee Kong |
關鍵字: | Asia; Power; Public-private partnership; Special purpose vehicle | 公開日期: | 2012 | 卷: | 13 | 期: | 3 | 起(迄)頁: | 546-566 | 來源出版物: | Journal of Business Economics and Management | 摘要: | One of the main reasons for the success of Public Private Partnership (PPP) projects is the creation of separate commercial venture named 'Special Purpose Vehicle' (SPV). SPV provides a good framework for raising funds, linking participants legally and assuring supply, production and marketing of products. SPV brings together various parties like lenders, financial institutions, public sector and export credit agencies, guarantors, suppliers and off-takers. There is often a lack of precedents to identify factors of SPV and the process is further hampered by undeveloped financial and legal structures of a country. A number of factors need to be considered before setting up of SPV for PPP projects. A questionnaire survey was thus conducted to explore the most important factors in setting up SPV for PPP power projects from a wide range of personnel involved in the PPP processes in Asia. The objective of this paper is to investigate the current practice of setting up SPV and associated legal and financial impacts onto it. Analysis of the response data reflects experts' opinion in identifying the influential factors and the choices in setting up SPV for PPP power projects in Asia. The findings of the paper would help the public sector in implementing PPP power policy development and private sector sponsors in managing the projects. © 2012 Vilnius Gediminas Technical University (VGTU) Press Technika. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84863992660&doi=10.3846%2f16111699.2011.643446&partnerID=40&md5=00b5bfebf899a5812b4ba94c43fb2d19 http://ntur.lib.ntu.edu.tw//handle/246246/242354 |
ISSN: | 16111699 | DOI: | 10.3846/16111699.2011.643446 |
顯示於: | 土木工程學系 |
在 IR 系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。