Full Divestiture / Privatization

Full divestiture, also known as, privatization, occurs when all or substantially all the interests of a government in a utility asset or a sector are transferred to the private sector. A divested or privatized utility or public service is distinguishable from a private commercial enterprise in that the government generally retains some indirect form of control or mechanism for regulation over the privatized utility, in the form of a license granted to the entity to deliver the service to the public.

Joint Ventures / Government Shareholding in Project Company

This section does not focus on the relationship between consortium members bidding on a project where they may decide to form a special purpose company, although the issues covered in the Joint Venture Checklist and the Joint Development Agreement Termsheet. See also Sources of Financing. It explores key issues to consider when establishing joint ventures.