Regulatory governance and the problems of Public-Private Partnerships (PPPs) model in the Bangladesh power generation sector

Developing countries have been pursuing Public-Private Partnerships (PPPs) in large infrastructure development projects. In Bangladesh, the lack of financial resources and managerial competence to design and implement large capital-intensive projects necessitated such a policy approach. Despite this policy incentive, private sector power generating companies have failed to generate power as stipulated in the contracts. This paper examines the difficulties of regulatory governance and challenges of statesubsidised PPP model used in the power generation sector. The findings of this study suggest that power generation has improved, but the expected target could not be achieved. It is also found that the regulatory compliance regime is very ineffective and that there is a need to frame a legal policy framework to make the private sector power generation companies more accountable.