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in the mid-nineties with IPPs (Independent Power projects) in Asia, which governments (mostly Indonesia and Pakistan) had put on line with blatant disregard for the real needs of the market.
Same thing that happened to merchant power in the early years of 2000. When you disregard the market, the market fights back.
I know a little about those issues, having worked on the restructuring process of both Asian IPPs and US merchant power plants.


When through hell, just keep going. W. Churchill
by Agnes a Paris on Thu Nov 30th, 2006 at 07:13:06 AM EST
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"Same thing that happened" means nothing if one doesn't know what happened.

Those whom the Gods wish to destroy They first make mad. -- Euripides
by Carrie (migeru at eurotrib dot com) on Thu Nov 30th, 2006 at 07:23:48 AM EST
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You are right, but that would stretch to diary length. Too happy to oblige.

When through hell, just keep going. W. Churchill
by Agnes a Paris on Thu Nov 30th, 2006 at 07:35:36 AM EST
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