Project finance should promote not only the economic
benefits of the project participants, but should
also promote the social and economic development of
that country where it is located. Investors look for
predictable legal environment in order to make
profit at lower costs; host countries, in turn, want
to obtain assurance that the project will serve its
public interest. How can the stakeholders conciliate
their interests in a power project? Power purchase
agreement based model guarantees a stable market for
the electricity produced by the power plant. This is
of highest importance...