Project Finance: Practical Case Studies

Volume 1 - Power & Water
2nd edition
ISBN: 978-1-85564-845-6
Verlag: Euromoney

Buch, Englisch, 237 Seiten

This first volume includes case studies on the Drax power station in the United Kingdom, Dabhol in India, Paiton I in Indonesia and Calpine in the United States.

"This book comes at a time of crisis. It makes an important contribution to our understanding of what can go wrong and what is needed to implement better the critical power and infrastructure facilities that the world needs." Jacob J Worenklein, Managing Director and Global Head, Project and Sectorial Finance, Societe Generale

Autoren/Hrsg.

Davis, Henry A.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Betriebswirtschaft Management Projektmanagement
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung

Inhaltsverzeichnis

About the author

Acknowledgements

Foreword

Introduction
The nature of project finance
Trends in project finance
Effect of Enron
Caution among lenders and investors
Common themes
Reasons for financial difficulty
Lessons learned

Power plants

1 Laibin B – Coal fired power plant
Introduction
Project summary
Background
How the financing was arranged
Government approvals and support
Risk analysis
Principal contracts
Lessons learned

2 Meizhou Wan – Pulverised-coal-fired power plant
Introduction
Project summary
Background
Principal contracts
How the financing was arranged
Lessons learned

3 TermoEmcali – Gas-fired power plant
Project summary
Project economics
Ownership and contractual relationships
Financing structure
Risk analysis
Structure of financing
Lessons learned

4 Azito – 288 MW power plant and 225 kV transmission system
Project summary
The power sector in Côte d’Ivoire
Project description
Project risk factors
Critical success factors and lessons learned

5 Dabhol Power Company – Power station and port facilities
Project summary
Background
Lessons learned

6 PT Paiton Energy (Paiton I) – Coal-fired power plant
Project summary
Background
Lessons learned as of 1996
Developments since 1996
Lessons learned as of 2003

7 Samalayuca II – Power plant
Introduction
Project summary
Background
Lessons learned

8 Merida III – Power plant
Introduction
Project summary
Background
Lessons learned

9 Bajio, La Rosita and TEG – Natural-gas-fired power plants
Introduction
Mexican power projects following Samalayuca II and Merida III
Bajio
La Rosita I and II
TEG I
TEG II
Fuel supply issues
Future structure of the Mexican power industry
Lessons learned

10 CBK – Hydroelectric power plant and pumped storage facility
Project summary
Background
Arrangement of finance
Project debt service coverage ratios
Political risk insurance
Lessons learned

11 Quezon Power – Pulverised-coal-fired power plant
Project summary
Background
How the financing was arranged
Principal project contracts
Description of additional agreements
Other project documentation
Risk factors
Lessons learned

12 Drax – Coal-fired power plant
Project summary
Power plant description
Background
How the financing was arranged
Sources and uses of funds
Independent consultants’ reports
Initial credit ratings
Subsequent developments
Lessons learned

13 Panda Energy–TECO Power joint venture – Two natural-gas-fired power plants
Project summary
Background
Credit and risk management
Contracts
How the financing was arranged
Environmental permits
Risk summary
Financial projections
Subsequent developments
Lessons learned

Power project portfolio

14 Calpine – Power plant portfolio
Summary of approach to projects
Background