Project Financing Electricity Projects With Senior Debt

This book is a guide to project financing, primarily used to fund infrastructure projects. While it focuses on electricity projects, its insights can be applied across various sectors. It employs a P&L statement as a framework for approaching deals, with CFADS at its core. It introduces fundamental building blocks to ensure CFADS remains predictable, mechanisms to safeguard its predictability, warning signals for material deviations, and a system of incentives and penalties to manage potential disruptions-all within the structure of a P&L statement. In summary, this is a practitioners' guide in every sense. It sets minimum advisory standards expected by lenders, defines risk-informed contractual clauses that enable commercially bankable agreements, and provides calculations and assumptions necessary for determining debt size-irrespective of borrower structure or lending arrangements.