2. Look back at the Sarulla project. There were many other ways that the project could have...
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2. Look back at the Sarulla project. There were many other ways that the project could have been financed. For example, PLN could have invested in the power plant and hired a consortium to run it. Alternatively, the consortium could have owned the power plant directly and funded its cost by a mixture of new borrowing and the sale of shares. What do you think were the advantages of setting up a separately financed company to undertake the project?
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Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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