Today, Project Finance is uniquely challenging. Even the most carefully structured deals can face difficulties in attracting sufficient funding from international and local investors. More than ever, project developers, equipment suppliers, bankers and other credit agencies and investors must be properly equipped to analyse and explain the risks and prospects for a project's future performance.
Participants in this workshop will learn how to structure upstream and downstream energy projects including field development, pipelines, and other transportation and downstream infrastructure. They will also learn about LNG, petrochemical projects, and power deals.
By the end of the workshop you will have developed a framework for recognising and analysing qualitative and quantitative project risks, and learnt how to choose the optimal funding structure when financing green-field projects and facility upgrades in the energy sector. You will also understand how Excel models are used to assess project debt capacity, return on investment, and other metrics common to attractive deals.
How projects are financed and what are the different options
How to evaluate and mitigate project risks
What to look for in project cash-flows
Sources of equity and debt funding
The essential features in project documents
Why some projects succeed and others fail
Key Learning Objectives
Learn how to analyse funding sources and credit criteria for energy projects
Understand basic project documentation and identify key clauses for success
Understand key risks arising in Project Finance and learn the mechanisms for mitigating risk
Structure and build an effective Project Finance cash-flow model
Gain an understanding of Public-Private Partnerships (PPPs), and how they interface with energy projects
Hear about real life Project Finance case histories from various sectors to highlight what leads to success, and what leads to failure!
Upon successful completion of this course, you will receive a Certificate of Attendance bearing the signatures from both the Export Workshop Leader and the Course Organiser. This Certificate will testify your endeavour and serve towards your professional advancement.
The course will be based on lectures, discussions and case study analytical exercises. [Laptops are an advantage.]
Numerous examples of projects from the region and around the world are employed throughout the course to ensure understanding and demonstrate the application of concepts. Lectures include many recent examples of structured financing attractive to banks, bond investors, lessors and Islamic investors. Applications of energy related derivative instruments to enhance financing are also described.
Finally, careful attention is paid to describe the role of credit providers such as Export Credit Agencies and International Financial Institutions (IFIs) such as IFC, Asian and Islamic Development Bank, European Investment Bank, and bi-laterals. Many of these offi cial agencies are today actively engaged in helping project developers and financiers to weather recent market upheavals and to provide long-term capital.