"There are no skilled operators left there to restart it," although about a particular station, seems to be a pretty good summary of the whole situation.https://twitter.com/AKurmanaev/status/1104961409731960832 …
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I think the market would come up with ways to discount those risks in the purchase price.
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Before reforms in 2000's Georgian capital Tbilisi had been experiencing electricity shortages. Hydropower plants were out of order and obviously they had no money for fossil fuel. Even presidential office had no water supply when
@SaakashviliM became president -
They started from total privatization. "we will sell everything except our conscience" said K.Bendukidze before they even started all huge reforms. So no, private investors will not go to Venezuela first IMO.
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Give oil, or dedicate % of rev to petro-
Could make any titles/property rights go from toilet paper, to binding.
There’s probably a way to make the unit economics work, but someone is going to gamble on being charitable to start 

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Counterparty risk is too great which might make a solution unaffordable (poor social credit)
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