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IFF Training

Power Project Finance

Oct 9—11
3 days
London, United Kingdom
GBP 2879 ≈USD 3663
GBP 959 per day

How it works

Description

In recent years, power project finance represented over 50% of the global project industry (by volume). This has been driven by the explosion of renewable energy transactions and how Project Finance has become the “currency” for the new green technologies.

To reflect the growing interest in this sector, IFF has continually reviewed and refreshed its flagship power project finance course. It has a highly topical course programme, a key aspect of which is the changes that are occurring in the industry. The course will look at how the industry structure has historically driven power project finance and reviews the drivers for change that are occurring.

Merchant power deals and zero subsidy deals and auctions are coming to the market. The course will examine the history of merchant power transactions and outline the risks that sponsors and lenders may be taking.

The course looks at the approach of the banker to project analysis and debt structuring. Since the sponsor/borrower generally wishes to maximise project debt, the willingness (or otherwise) of the lender to provide more or less leverage is clearly crucial.

The programme itself is highly practical in its focus, initially providing you with a robust project financing “toolkit” that encompasses risk analysis, debt sizing, documentation and borrower/sponsor considerations, before moving onto the specific issues relating to the financing of power projects. This second phase of the course offers a state of the art guide to the intricacies of the sector drawing on the many years of first hand sector experience of the course leader, Neil Edmonds.

*ATTENDING THIS COURSE WILL BENEFIT YOU BY: *

  • Providing you with a power project financing “toolkit” incorporating
    • project risk appraisal and mitigation
    • project quantitative analysis and debt sizing structuring
    • project finance loan documentation
  • Informing you of the key technical aspects of the sector - as they affect a provider of finance
  • Explaining clearly, and in detail, the project financing techniques and structures typically used in the conventional and renewable power generation industries
  • Reinforcing learning through the use of case studies which will illustrate the issues and techniques covered in the course

How You Will Learn

Case studies, practical sessions & exercises are used throughout to reinforce learning

Identify the pros & cons of a project from a bankability perspective & also to set out requirements for additional due diligence; Course Faculty will act as a presenter & four participants are selected to act as a committee to screen new transactions before they go to full Credit Committee; Participants will review a project financing term-sheet for completeness & acceptability from the perspective of the Lender/Borrower

Experts

Neil Edmonds has worked in the banking industry for over 35 years. Over the last few years, Neil has worked in the Loan Syndications team at Standard Chartered Bank focusing on Structured Finance transactions. Neil’s involvement in the Power and Utility sectors dates back to the privatisation of...

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