Mitigating Risk in Infrastructure and Development Financing in the Philippines
|
|
- Martha Jane Logan
- 5 years ago
- Views:
Transcription
1 Mitigating Risk in Infrastructure and Development Financing in the Philippines Susan Z. Prado Executive Vice President & Chief Finance Officer Development Bank of the Philippines
2 DBP is a 100% Philippine Government owned universal bank that is a pillar in both platforms of developmental and commercial banking. Direct Lending Nation-building thru funding of priority sectors such as infrastructure and logistics, social services, environment, and Micro, Small and Medium Enterprises ( MSMEs ) On-lending of Official Development Assistance ( ODA ) funds Primary on-lender of ODA funds from international development agencies to finance medium to long-term projects in priority sectors
3 Active participant in PPP and Infrastructure projects Arranger and/or Lender (sample projects): DepEd PPP for School Infrastructure Project I Tarlac-Pangasinan-La Union Expressway Boracay Water Supply and Wastewater Project Mactan-Cebu International Airport El Nido (LGU) Water Supply, Sewage and Wastewater Treatment Systems 300MW Therma SouthCoal Power Plant in Davao 54MW Trans-Asia Wind Power Plant in Guimaras 3MW Hydro Plant in Benguet and 8WM Hydro Plant in Agusan del Norte
4 RISK ANALYSIS AND MITIGANTS
5 Typical Infrastructure Financing is through the use of Project Finance structures 5
6 Project Finance Risk Matrix Risk Type Mitigant/s Pre completion Post completion Cost overruns Schedule Delays Revenue forecasts Revenue build up Operating Costs Management Failure Fixed price turnkey contracts Warranties / penalties Financially strong and technically capable contractors Review of schedule by Independent engineer Supply contracts Offtake contracts Market analysis Strong operator/o&m partner Performance guarantees
7 Project Finance Risk Matrix Technical Risk Type Mitigant/s Performance Environmental Safety Warranties / Incentives Proven technologies Experienced contractor / operator Periodic reviews by Independent Technical Consultant Equipment performance guarantees Public consultation and approval
8 Project Finance Risk Matrix Financial Risk Type Mitigant/s Structure: D/E ratio Structure: risk/reward ratio Foreign Exchange Interest rates Debt Service Cover Cashflow Equitable ROE Acceptable cover ratios (DSCR) Escrow and reserve accounts Dividend restrictions Loan syndication Insurance Financial derivatives / swaps Standby funding arrangements Offtake / Supply Agreements
9 Project Finance Risk Matrix Legal Political / Country Risk Type Mitigant/s Regulatory Framework Concession Agreement Political stability Change in law / regulations Expropriation Civil Unrest War Work Stoppages Force Majeure Political Intervention Currency Controls Experienced legal counsel Experienced transaction advisors Clear documentation Local knowledge particularly on the political environment Clear regulatory regime Flexible tariff arrangements that incorporate adjustments for these types of events Involvement of multilateral / bilateral agencies (Extended) political risk insurance
10 Risk Allocation Matrix (for PPPs) Risk Private Sector Government Construction Liable for completion Liable for delivery of required ROW Market/ Revenue Expense Material Adverse Gov t Action Volume risk; has flexibility to adjust fares/fees up to a cap Controls efficiency and optimization of operations/ maintenance Burden of proof; subject to a materiality threshold Ensures implementation of fare/fee increases per contract; non-implementation of increase = payment of difference Contractual adjustment of fares/fees typically tied to CPI; Government ready to provide relief for extra-ordinary movements in major cost items (ex. power) via adjustments in fees/fares or through other forms Provides relief/compensation due to a MAGA event
11 Alternative Financing Structures: Corporate lending via bonds/notes: EDC Fixed Rate Bonds (for 87MW Burgos Wind Farm) Citicore-Megawide Fixed Rate Notes (for the DepEd PPP for School Infrastructure Project I) First Gen Corp. Fixed Rate Notes (various power projects and general corporate purposes) 11
12 Key Issues in PPP Concessions Clear delineation of obligations for both Government (ex. ROW delivery) and the Concessionaire Reasonable timetable for delivery of obligations Material Adverse Government Action provision does it adequately protect the Concessionaire? Termination payment provisions are lenders protected? Is there a haircut? Provision for delayed Government payment? issue of appropriations risk (ex. 2yr payment provision subject to interest)
13 IN CLOSING
14 Parting Thoughts Financing infrastructure development Contributes greatly to national development Requires proper understanding and allocation of the risks and issues DBP can play key roles throughout the project lifecycle
15 Infrastructure - Connecting Rural Urban Intermodal Systems Efficiently (CRUISE) Program JICA - Logistics Infrastructure Development Project (LIDP) Bulk/cold chain and packaging, transport and distribution facility Road RORO Vessels & Terminal Facilities Toll/access/LGU Roads and maintenance equipment Airports Public Market Private corporations, LGUs, GOCCs, Cooperatives tenor up to 20 years/ 5 years grace
16 Infrastructure - Financing Program for the Water Sectors JICA Environmental Development Program Philippine Water Revolving Fund Water Supply system Private Corporation, LGUs, Water Districts (WD), PFIs tenor up to 20 years/ 3 years grace
17 Infrastructure Financing Program for Water Sectors JICA - Environmental Infrastructure Support Credit Program I and II Water supply system Private Corporation, LGUs, PFIs tenor up to 15 years/ 5 years grace
18 Infrastructure - Financing Utilities for Sustainable Energy Development (FUSED) JICA - Environmental Development Project (EDP) Non Water Power generation and distribution (renewable energy) Private Corporations, LGUs, GOCCs, Cooperatives tenor up to 20 years/ 5 years grace
19 Environment - Green Financing Program JICA - Environmental Development Project (EDP) Non Water Solid/Hazardous/Health Waste Management Industrial Pollution Control Projects Private Corporations, LGUs, GOCCs, Cooperatives tenor up to 20 years/ 5 years grace
20 Environment - Green Financing Program JICA - Environmental Infrastructure Support Credit Program I and II Waste water treatment and sanitation Solid/healthcare/ hazardous waste management Industrial Pollution control Cleaner production waste minimization/recycling Private Corporation, LGUs, PFIs tenor up to 15 years/ 5 years grace
21 Environment - Green Financing Program KfW Credit Line for Solid Waste Management Solid waste management Private Corporations, LGUs tenor up to 12 years/ 3 years grace
22 Environment - Green Financing Program KfW Industrial Pollution Control Loan I and II Industrial pollution control projects msmes tenor up to 10 years/ 2 years grace
23 Retail Lending Program for msmes JICA - Industrial and Support Services Expansion Program II (ISSEP II) Manufacturing and support services Education strongly linked to SMEs Working capital <P200 M asset size before financing with loan limit of P100 M tenor up to 15 years/ 5 years grace (for working capital up to 7 years/ 3 years grace)
24 Contact Information: Susan Z. Prado Executive Vice President & Chief Financial Officer Development Bank of the Philippines (trunkline)
Public-Private Partnership Monitor Key Trends and Findings
Office of Public Private Partnership Public-Private Partnership Monitor Key Trends and Findings 23 November 2017 PPP Monitor Benefits and Key Findings PPP Monitor The PPP Monitor tracks the development
More informationO F F I C I A L S P O N S O R
www.kuwaiterm.com O F F I C I A L S P O N S O R Capital Project risk - Bankers Perspective KAPIL KUMRA Head of Project Finance- Foreign Corporate Group National Bank of Kuwait w w w. k u w a i t e r m.
More informationYanino Waste Processing Plant City of St. Petersburg
Yanino Waste Processing Plant City of St. Petersburg Project Briefing 26 October 2009 Page 1 Table of Contents Sections 1. Executive Summary. 3 2. Waste Processing Industry in St. Petersburg.....4 3. Project
More informationPackaging PPP Waste to Energy Projects - ADB s Experience
Packaging PPP Waste to Energy Projects - ADB s Experience Shuji Hashizume Investment Specialist Private Sector Operations Department 28 May 2014 ADB s PRIVATE SECTOR OPERATIONS DEPARTMENT 1 What We Do
More informationProject Finance An Overview
Project Finance An Overview KAMAL TAK ICAI, Navi Mumbai Chapter December 16, 2012 1 Project Finance An Overview What is Project Financing? How is it different? How are Projects developed? Various Project
More informationRISK MANAGEMENT FOR INFRASTRUCTURE PROJECTS & TERMSHEET DEVELOPMENT
RISK MANAGEMENT FOR INFRASTRUCTURE PROJECTS & TERMSHEET DEVELOPMENT 1 CORE RISKS REGULATORY FRAMEWORK DEMAND PRICING OF SERVICES REVENUE 2 Regulatory Framework Risk Commercial operations will be feasible
More informationFinancing & Funding RE Projects
Financing & Funding RE Projects Decentralized Power and Heat Supply in Peru Facilitator Overview Introduction / Types of Financing German public financing programs International public financing programs
More informationA non-stock and non-profit corporation which is an Association of universal and commercial banks operating in the Philippines
A non-stock and non-profit corporation which is an Association of universal and commercial banks operating in the Philippines Entered into Shareholders Agreement with LGUGC in trust for 14 investor banks
More informationIPP s Project Risk Classification
IPP has to ensure that under all Project Agreements and Contracts he only bears, as far as possible, those risks within its control. The table below is a summary of relevant risks and mitigating factors
More informationMFA-PUB ASEAN Bilateral Programme
Presentation to Distinguished Delegates of MFA-PUB ASEAN Bilateral Programme 31 Oct 2012 Presentation Agenda Keppel Group Company Profile PPP - A typical illustration for DBOO/BOT Scheme Legal and Commercial
More informationWorld Bank Group Risk Mitigation Solutions for Myanmar s Infrastructure Projects. Workshop Program
World Bank Group Risk Mitigation Solutions for Myanmar s Infrastructure Projects Workshop Program 3 June, 2015 Richard MacGeorge Successful preparation of bankable projects Getting Projects From Fairway
More informationInvesting in Renewable Assets in Emerging Markets
Investing in Renewable Assets in Emerging Markets Jonathan Cohen Principal Associate 20 June 2017 Contents Eversheds Sutherland approach The global renewable energy market Development challenges and mitigating
More informationS T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L. In transition Higher Peaks NEW HORIZONS
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L In transition Higher Peaks NEW HORIZONS Earnings Call on EDC s YTD September Financial and Operating Results November 15, EDC CONSOLIDATED REVENUES
More informationSecond set of guarantee tools
Second set of guarantee tools approved for funding from the European Fund for Sustainable Development (EFSD) part of the EU External November 2018 EFSD Guarantee Priority Area Financing for micro-, small
More informationDetailed Recommendations 2: Develop Green Funds
Detailed Recommendations 2: Develop Green Funds 2 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the People s Bank of China and
More informationStatement of the Asian Development Bank s Operations in 2017
February 208 Statement of the Asian Development Bank s Operations in 207 This document is being disclosed to the public in accordance with ADB s Public Communications Policy 20. I. OVERVIEW OF OPERATIONS.
More informationPROJECT FINANCING FOR BTO SECTION OF INCHEON BRIGE PROJECT
PROJECT FINANCING FOR BTO SECTION OF INCHEON BRIGE PROJECT Dae-Seop Roh Partner, CPA Ernst & Young Korea Project Financing Advisor Dae-seop.roh@kr.ey.com Bong-Soo Jang Director Planning/Management Director
More informationThe Global Infrastructure Hub Ltd (GI Hub), has a G20 mandate to grow the global pipeline of quality, bankable infrastructure projects.
The Global Infrastructure Hub Ltd (GI Hub), has a G20 mandate to grow the global pipeline of quality, bankable infrastructure projects. By facilitating knowledge sharing, highlighting reform opportunities
More informationLecture Sustainable Investment Model. Jan H. Jansen.
Lecture Sustainable Investment Model Jan H. Jansen E-mail: jan.jansen@han.nl About Jan H Jansen Senior lecturer International Finance Management Accounting Researcher Chair of Total Quality Management
More informationINVESTMENT OPPORTUNITIES in Central Asia Power Sector
INVESTMENT OPPORTUNITIES in Central Asia Power Sector Business Mission to Kazakhstan Almaty - Kazakhstan September 5, 2017 Pedro Robiou Senior Energy Specialist FOR DISCUSSION ONLY. The opinions expressed
More informationDeveloping the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager
Developing the Power Sector through Private Investment in Mongolia Edgar Saravia Program Manager October 2008 Setting the Context Government of Mongolia ( GoM ) wishes to introduce PSP in power generation
More informationNigeria Infrastructure Building Conference 2014
Nigeria Infrastructure Building Conference 2014 May 2011 Project Finance as a viable option for financing Infrastructure Projects P R E P A R E D B Y: Helen Brume Divisional Head, Power, Infrastructure
More informationFinancing Instruments and Services
5 Financing Instruments and Services 1. International Financial Operations... 26 2. Overseas Economic Cooperation Operations... 29 1 International Financial Operations Supporting International Activities
More informationMOBILIZING PRIVATE FUNDS TO THE WATER SECTOR
MOBILIZING PRIVATE FUNDS TO THE WATER SECTOR Mr. OSAMU MURATA Chief Representative Manila Representative Office Japan Bank for International Cooperation Forth World Water Forum March 19, 2006, Mexico City
More informationWHAT IS PROJECT FINANCE? BANKING HANDY GUIDE
WHAT IS PROJECT FINANCE? BANKING HANDY GUIDE An introduction The project finance model is typically used for the purpose of financing the delivery of long-term infrastructure or natural resource projects,
More informationRaising Equity for large biomass to power projects
Specialist investment. 16/09/2016 Raising Equity for large biomass to power projects Presentation to IrBEA 'Financing Bioenergy Projects' Workshop Dublin 14 th September 2016 Dedicated Renewable Focused
More informationTrinity International LLP. Ana-Katarina Hajduka
Trinity International LLP Ana-Katarina Hajduka Renewable Energy PPPs Wind and Solar By Ana-Katarina Hajduka (anakatarina.hajduka@trinityllp.com) October 2013 Wind and Solar Power - some interesting facts
More informationMr Kevin DIXON Managing Director Asia Pacific Mott MacDonald
Attracting investors - Issues in preparing business cases Mr Kevin DIXON Managing Director Asia Pacific Mott MacDonald Kevin.Dixon@mottmac.com +65 62839100 Mott MacDonald does not accept any liability
More informationINVESTOR REQUIREMENTS FOR RENEWABLE ENERGY PROJECT FINANCE.
INVESTOR REQUIREMENTS FOR RENEWABLE ENERGY PROJECT FINANCE CONTENTS what are the sources of equity capital? who are the Investors? what are their characteristics? under what constraints do they operate?
More informationAIRPORT BOTS/ CONCESSIONS CHECKLIST OF LEGAL AND REGULATORY ISSUES
AIRPORT BOTS/ CONCESSIONS CHECKLIST OF LEGAL AND REGULATORY ISSUES The list below highlights the key legal issues that need to be considered in relation to Airport Concessions (assuming single site airport
More informationB U I L D I N G P A R T N E R S H I P S F O R E N E R G Y S E C U R I T Y
"INOGATE Technical Secretariat & Integrated Programme in support of the Baku Initiative and the Eastern Partnership energy objectives" Project B U I L D I N G P A R T N E R S H I P S F O R E N E R G Y
More informationLENDING PROGRAMS for Micro and. (MSMEs)
SOCIAL SECURITY SYSTEM LENDING PROGRAMS for Micro and Small and Medium Enterprises (MSMEs) A presentation during the financing seminar: Effective Access to Financing, Our Road to Competitiveness G Hotel
More informationINFRASTRUCTURE FINANCE AND PPP
INFRASTRUCTURE FINANCE AND PPP INFRASTRUCTURE FINANCE AND PPP (Course Director: Meg Osius) Program Overview and Objectives In this three-day program participants will become familiar with the wide array
More informationPublic-Private Partnership (PPP) Contracts
25 29 June 2018 London / United Kingdom Introduction A key motivation for governments considering public-private partnerships (PPPs) is the possibility of bringing in new sources of financing for funding
More informationOpportunities for Working with the Inter- American Development Bank in Latin America and the Caribbean
EL THE GRUPO IDB DEL GROUP BID Opportunities for Working with the Inter- American Development Bank in Latin America and the Caribbean Nathaniel Jackson Vice Presidency of Private Sector and Non- Sovereign
More informationIFC s Project Financing of Concentrated Solar Power Plants
IFC s Project Financing of Concentrated Solar Power Plants Workshop on CSP for Tunisia Presented by Stratos Tavoulareas Principal Energy Advisor Tunis, Tunisia July 18, 2018 1 IFC s CSP Project Investments
More informationFACHKONFERENZN ERNEUERBARE ENERGIE: OFFGRID IN BOLIVIEN.
FACHKONFERENZN ERNEUERBARE ENERGIE: OFFGRID IN BOLIVIEN www.renewables-made-in-germany.com Financing & Funding Offgrid Projects With Renewable Energies focusing on Photovoltaics in Bolivia www.renewables-made-in-germany.com
More informationUtilizing MIGA Products to Support Renewable Energy Projects
Utilizing MIGA Products to Support Renewable Energy Projects April 25, 2014 MULTILATERAL INVESTMENT GUARANTEE AGENCY WORLD BANK GROUP The World Bank Group 1944 IBRD International Bank for Reconstruction
More informationKeynote Address: Legal Issues for PPP Transactions
Keynote Address: Legal Issues for PPP Transactions Asia PPP Practitioners Network 2016 Conference Korea Development Institute, 30 November 2016 M. Moseley Lead Lawyer Public Private Partnerships Group
More informationOverview of Financing Agreements for Project Finance
Overview of Financing s for Project Finance A Lender s Perspective 5 June 2014 Asian Development Bank 27th Training Program of Asian EXIM Banks Forum on Project Finance About Efic Australia s export credit
More informationLong Term Investment: Investment Regulation, Financial Instruments, Risk Mitigation and Risk Sharing Mechanisms
2017/FDM1/008 Session: 3 Long Term Investment: Investment Regulation, Financial Instruments, Risk Mitigation and Risk Sharing Mechanisms Purpose: Information Submitted by: Organisation for Economic Co-operation
More informationFinancing Offshore wind farms. Financing offshore wind farms: How banks view risks and what they can do
Financing Offshore wind farms Financing offshore wind farms: How banks view risks and what they can do How do you get there? Risk overview in phases Development phase Construction phase Operational phase
More informationA NEW TYPE OF PUBLIC-PRIVATE INITIATIVE FOR ENVIRONMENT & ENERGY EFFICIENCY BUDAPEST
A NEW TYPE OF PUBLIC-PRIVATE INITIATIVE FOR ENVIRONMENT & ENERGY EFFICIENCY p.thevenoux@cdcixis.com +33.1.58.55.66.18 BUDAPEST 27-29 1 /09/2004 CDC IXIS: A CORPORATE & INSTITUTIONAL BANK BUDAPEST 27-29
More informationEstablishment of the Leading Asia s Private Sector Infrastructure Fund
March 2016 Establishment of the Leading Asia s Private Sector Infrastructure Fund This document is being disclosed to the public prior to Board consideration in accordance with ADB s Public Communications
More informationResults financing EIB operations outside the EU
Results financing EIB operations outside the EU The European Investment Bank (EIB) is the EU bank. We support the EU s external priorities in some 160 partner countries worldwide, applying EU standards
More informationMBF1223 Financial Management Prepared by Dr Khairul Anuar
MBF1223 Financial Management Prepared by Dr Khairul Anuar L3 Project Financing www.mba638.wordpress.com Objectives To understand what project financing is and what steps are involved in securing and managing
More informationFINANCING OF GEOTHERMAL ENERGY PROJECTS
FINANCING OF GEOTHERMAL ENERGY PROJECTS : A Case of Geothermal Development Company Ltd. EAPIC September 5-9,2011 BY: George Mwenda Snr. Officer, Business Development; Corporate Planning & Strategy GDC
More informationFinancing Climate Change Resilient Urban Infrastructure
From Planning to Investment Defining Bankable projects Financing Climate Change Resilient Urban Infrastructure Paul Schuttenbelt South Asia Coordinator, Cities Development Initiative for Asia (CDIA), January
More information2015 DBP ANNUAL REPORT
1 WHAT IS A BANK? Safe keeper of money and pooler of savings. Provider of finance. Transaction processor and intermediary. Customer service organization to companies and individual customers. Investor
More informationLONG TERM FINANCE AND RISK ALLOCATION ENHANCING ENERGY INFRASTRUCTURE AS AN ASSET-CLASS IN BRAZIL
LONG TERM FINANCE AND RISK ALLOCATION ENHANCING ENERGY INFRASTRUCTURE AS AN ASSET-CLASS IN BRAZIL LONG-TERM FINANCING AND RISK ALLOCATION THE SCOPE OF OUR ANALYSIS THIS POSITION PAPER WILL FOCUS ON ISSUES
More informationIFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution
IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:
More informationDraft PPP Policy Outline
Note 7 May 2012 Draft PPP Policy Outline This note is the seventh in a series of notes on developing a comprehensive policy, legal, and institution framework for public-private partnership (PPP) programs.
More informationPower Purchase Agreement (PPA) Guidelines. Zambia Lusaka August 7 to
Power Purchase Agreement (PPA) Guidelines Zambia Lusaka August 7 to 11 2017 I. Objective of the PPA Guideline II. Length of the Agreement III. Commissioning Process IV. Sale and Purchase V. PPA Pricing
More informationMorocco s experience in financing solar projects
Morocco s experience in financing solar projects February 5, 2019 1 Morocco s Energy Strategy 2 RENEWABLE ENERGIES, AT THE HEART OF MOROCCO S ENERGY STRATEGY Strong will of increasing renewable energy
More informationMs. Janet A. Encarnacion Head Disclosure Department
May 10, 2013 Philippine Stock Exchange, Inc. Disclosure Department 3 rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head Disclosure
More informationPPP for European Road Projects
Ways to Successful Preparation and Financing 1st European Road Congress 24-26 November 2004 Lisbon Congress Centre Dipl.-Ing. Wilfried Rammler Rosario Victoria Bridge, Argentina 1 HOCHTIEF...worldwide
More informationADB RELENDING FACILITIES FOR THE LOCAL GOVERNMENT UNITS. Local Government Unit Support Credit Program (LGUSCP)
RELENDING FACILITIES FOR THE LOCAL GOVERNMENT UNITS Local Government Unit Support Credit Program (LGUSCP) Water District Development Project (WDDP) ADB Mindanao Basic Urban Services Sector (MBUSS) PROGRAM
More informationA Partnership With Rural Banks For Higher Level of Competitiveness
A Partnership With Rural Banks For Higher Level of Competitiveness 21 May 2014, Davao City BENEL D. LAGUA Executive Vice-President & Chief Development Officer Development Bank of the Philippines Outline
More informationConcession Agreement of IPP
Asia 2016 NCC, Vientiane Capital. Lao PDR 1-3 March 2016 Concession Agreement of IPP from the Lao Government s Perspective Xaypaseuth Phomsoupha Director General Department of Energy Business Ministry
More informationSameh I. Mobarek Senior Counsel Energy, LEGPS Member, Global Expert Team on Public-Private Partnerships. PPP Financing Overview
Sameh I. Mobarek Senior Counsel Energy, LEGPS Member, Global Expert Team on Public-Private Partnerships PPP Financing Overview What is a Public-Private Partnership? A PPP is a long-term (5 to 30 year)
More informationLGUGC Facts Brief History Vision & Mission
LGUGC Facts Brief History Incorporated in March 1998 with 51% ownership by BAP member banks, and 49% DBP ownership Initially opened only to Local Government Units (LGUs) Essentially launched the Municipal
More informationConstruction Risk in P3 Projects. Timothy J. Murphy Partner McMillan LLP
Construction Risk in P3 Projects Timothy J. Murphy Partner McMillan LLP Risk Transfer in a P3 Key aspects of a P3: Private sector financing Public sector clarity through output specifications Integrated
More informationB. Whereas the development of infrastructure requires debt of longer maturity to supplement the debt funds presently available; and
Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called the India Infrastructure Finance Company Limited (IIFCL) (Revised) 1. Preamble A. Whereas the Government of
More informationKey Elements of a Wind / Solar PPP. Cathy Oxby Commercial Director Mob:
Key Elements of a Wind / Solar PPP Cathy Oxby Commercial Director Email: cathy.oxby@africagreenco.com Mob: +447795027654 Global importance of wind and solar power Global investment in renewable energy
More informationPublic Private Partnerships (PPP)- The Financial Perspective October 2014
Public Private Partnerships (PPP)- The Financial Perspective October 2014 The Logo is a trademark of Canadian Imperial Bank of Commerce, used by FirstCaribbean International Bank under license Table of
More informationFinancing Asia s infrastructure gap: New ideas for the public and private sectors
Financing Asia s infrastructure gap: New ideas for the public and private sectors Dr. Kevin Lu Regional Director, Asia Pacific Multilateral Investment Guarantee Agency World Bank Group Distinguished Fellow
More informationRENEWABLE ENERGY TRAINING PROGRAM FINANCING RENEWABLE ENERGY PROJECTS. Finance Basics
RENEWABLE ENERGY TRAINING PROGRAM FINANCING RENEWABLE ENERGY PROJECTS Finance Basics Kate Baragona Senior Infrastructure Finance Specialist Financial Solutions Sameh I. Mobarek Senior Counsel Energy, LEGPS
More informationAIIB S ROLE IN FINANCING ASIA S INFRASTRUCTURE GAP OPPORTUNITIES FOR EUROPEAN CONTRACTORS
AIIB S ROLE IN FINANCING ASIA S INFRASTRUCTURE GAP OPPORTUNITIES FOR EUROPEAN CONTRACTORS Ian Nightingale - AIIB Procurement Advisor WHAT IS THE ASIAN INFRASTRUCTURE INVESTMENT BANK? A new multilateral
More informationAlternative ways of Financing Urban Development
External Support for Decentralization Reforms & Local Governance Systems in the Asia Pacific: Better Performance, Higher Impact? Cities Development Initiative for Asia Alternative ways of Financing Urban
More informationTidal financing Lessons from offshore wind
Tidal financing Lessons from offshore wind Ocean Energy Europe - 22 November 2016 Clément Weber A specialist advisory boutique focused on renewable energy We get deals done Deep roots in renewable energy
More informationLevelizing Expectations
Levelizing Expectations Sungwoo Kim Regional Head of Climate Change & Sustainability in Asia Pacific, KPMG Table of Contents Global shift of investors [ 03 ] Major risks concerned [ 11 ] How to meet investors
More informationSources of Financing for Public-Private Partnership Investments in 2015
Sources of Financing for -Private Partnership Investments in 2015 Multilateral development banks (MDBs) contribute a larger share of financing to PPPs in IDA 1 countries (19 percent) than in non-ida countries
More informationNigeria Power Series - Part 2: Unlocking Financing for Developing Independent Power Projects in Nigeria
dentons.com Nigeria Power Series - Part 2: Unlocking Financing for Developing Independent Power Projects in Nigeria Briefing Note: December 2016 Contacts Dominic Spacie Partner Dentons UKMEA LLP One Fleet
More informationExperience and Challenges for Green Banking in Sri Lanka
Financing the Sustainable Development: 2nd National Workshop on Innovative Climate Finance Mechanisms for the Financial Institutions in Sri Lanka 7 8 November 2017, Sri Lanka Experience and Challenges
More informationObtaining Project Financing. Chapter 7. Contents: 7-1. Financing: What Lenders/Investors Look For 1
Contents: 7-1. Financing: What Lenders/Investors Look For 1 7-2. Financing Approaches 1 7-2.1 Looking for Low Interest Loans or Cost Share Funding... 4 7-2.2 Debt Financing... 4 Lender s Requirements...4
More informationENVIRONMENTAL LIABILITY FOR BANKS
ENVIRONMENTAL LIABILITY FOR BANKS EDITED BY JOSEPH J. NORTON Sir John Lubbock Professor of Banking Law Centre for Commercial Law Studies Queen Mary and Westfield College, University of London Professor
More informationLAC Cities Program. Case Studies International Finance Corporation
LAC Cities Program Case Studies International Finance Corporation Eligible Clients IFC financing under umbrella of Subnational Finance Program is available to: Municipal and regional governments, and their
More informationPublic Private Partnerships, The Rules Oranjestad February 18, Paul Swanenvleugel
Public Private Partnerships, The Rules Oranjestad Paul Swanenvleugel Paul Swanenvleugel Director PricewaterhouseCoopers Advisory N.V. P.O.Box 9616 1006 GC Amsterdam The Netherlands Ph: +31 88 792 32 19
More informationOeEB Development Report Creating better living conditions through a vibrant economy
OeEB Development Report 2016 Creating better living conditions through a vibrant economy Financing sustainable development We support our clients in creating and preserving jobs: over 29,000 jobs provided
More informationOffshore wind Options for non-recourse financing. All photos from Gunnar Britse windpowerphotos.com
All photos from Gunnar Britse windpowerphotos.com 1. Some Info on Dexia 2. Offshore wind: prospects and risks 3. Finding solutions: the Q7 and C-Power deals 4. Notable structural features of Q7 and C-Power
More informationIFC Overview: WBG Risk Mitigation Solutions for Myanmar Infrastructure Projects. June 3, 2015
IFC Overview: WBG Risk Mitigation Solutions for Myanmar Infrastructure Projects June 3, 2015 IFC: A MEMBER OF THE WORLD BANK GROUP IBRD IDA IFC MIGA ICSID International Bank for Reconstructio n and Development
More informationProducts and Services
Financialbridge Financialbridge Incorporated is an Export Financial Consulting Firm. We work with U.S. and International Financial Institutions to Package, Qualify, Process and Procure U.S. Commercial
More informationWater Security and Dams Rehab. Workshop
Water Security and Dams Rehab. Workshop Dam Rehabilitation: Financial Instruments, O&M and Sustainability 19 September 2017 PRESENTATION OUTLINE The financial instruments, PPP and new instruments and approaches
More informationLife-Cycle Project Delivery
Life-Cycle Project Delivery A Note for Discussion IndII Round Table 11 th December 2012 Concerns with Conventional Project Delivery Government pays for inputs, not outputs Incentive for time/cost over-runs
More informationOverseas Private Investment Corporation
Overseas Private Investment Corporation Financing and Insuring Investment in Emerging Markets John F. Moran Managing Director, Investment Development OPIC OECD LCCR Investment Policy Framework Paris, France
More informationHUB PROGRAMME DELIVERY OFFICE GUIDANCE NOTE 11/13
HUB PROGRAMME DELIVERY OFFICE GUIDANCE NOTE 11/13 Guidance on Local Authority Capital Contributions into hub DBFM Projects 27 November 2013 CONTENTS 1. Background & Context... 2 2. Historical Guidance...
More informationThe Role of Political Risk Insurance in Catalyzing Private Investments in Infrastructure
The Role of Political Risk Insurance in Catalyzing Private Investments in Infrastructure Edith Quintrell Director of Operations Multilateral Investment Guarantee Agency Attracting Private Investment in
More informationCOMISIÓN NACIONAL DEL MERCADO DE VALORES Paseo de la Castellana, Madrid. Madrid, 13 de mayo de Muy Sres. nuestros:
COMISIÓN NACIONAL DEL MERCADO DE VALORES Paseo de la Castellana, 19 28046 Madrid Madrid, 13 de mayo de 2013 Muy Sres. nuestros: ACCIONA adjunta presentación en ingles que se seguirá en la multiconferencia
More informationMinisterio de Finanzas. Argentina ś PPP Plan Public Private Partnership Under Secretariat
Ministerio de Finanzas Argentina ś PPP Plan Public Private Partnership Under Secretariat 1 Global infrastructure deficit 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 Required investment
More informationTechnical Training in Project Appraisal for the Lower Mekong Basin PROJECT FINANCE. Ho Chi Minh City Nov 28 - Dec 09, 2016
Technical Training in Project Appraisal for the Lower Mekong Basin PROJECT FINANCE Ho Chi Minh City Nov 28 - Dec 09, 2016 Financial Risks of Major Projects Financiers face risks Variations in returns Risk
More informationInvesting in climate-smart business: IFC s experience in Europe & Central Asia. Patrick Avato Lead, IFC Climate Business Europe & Central Asia
Investing in climate-smart business: IFC s experience in Europe & Central Asia Patrick Avato Lead, IFC Climate Business Europe & Central Asia Istanbul, 23 November 2012 Agenda IFC in Context Climate Smart
More informationODA and ODA Loans at a Glance
ODA and ODA Loans at a Glance This chapter provides essential information on Japan s official development assistance (ODA) and ODA loans. What is ODA? Official development assistance (ODA) is the assistance
More informationin Emerging Economies
Sustainable Financing of Infrastructure in Emerging Economies - Closing the Gap - G24 Meeting Addis Ababa, February 27 and 28, 2016 Sustainable Financing of Infrastructure Outline I. Infrastructure in
More informationLMA Webinar Overview of the LMA Leveraged Facilities Agreement Edward Aldred, Partner Linklaters LLP
LMA Webinar Overview of the LMA Leveraged Facilities Agreement Edward Aldred, Partner Linklaters LLP Overview Introduction: role of the LMA Assumptions A typical leveraged buy-out structure Overall anatomy
More informationGlobal Project Finance Alert
Global Project Finance Alert March 20, 2018 Project Finance: Structuring for Success Mini-Summary This Practice Note considers the meaning of the term structure in a project finance transaction and identifies
More informationPT Paiton Energy A Case Study in Renegotiation
PT Paiton Energy A Case Study in Renegotiation Session on Yong Hee Kong PPP Resource & Research Centre, Kuala Lumpur PT Paiton During Construction 1 PT Paiton Energy (almost complete) Pt Paiton Energy
More informationPublic Private Partnerships IFC s Global Experience
Public Private Partnerships IFC s Global Experience Martin Spicer Principal Investment Officer Municipal Fund International Finance Corporation Moscow, February 10, 2005 1 Presentation Outline Introduction
More informationProject Finance. This course can be presented in-house for you on a date of your choosing. The Banking and Corporate Finance Training Specialist
Project Finance This course can be presented in-house for you on a date of your choosing The Banking and Corporate Finance Training Specialist Course Objectives Participants Will: Develop your understanding
More informationRENEWABLE ENERGY PROJECT FINANCING
RENEWABLE ENERGY PROJECT FINANCING Yiannis Saratsis Head of Project Finance MAY 2018 I. Eurobank & RES financing Eurobank & RES Eurobank remains committed in the financing of Renewable Energy Projects
More informationBANCO BPI ENERGY EFFICIENCY CREDIT LINE
BANCO BPI ENERGY EFFICIENCY CREDIT LINE XVI SIMPÓSIO LUSO-ALEMÃO DE ENERGIA LISBON, 4 TH JULY 2017 INDEX 1. BANCO BPI - BRIEF PRESENTATION 2. BPI S EXPERIENCE ON ENERGY PROJECTS 3. BPI/EIB ENERGY EFFICENCY
More information