This specialized course provides comprehensive knowledge of project finance principles and techniques used to fund large-scale infrastructure and industrial projects. Participants will learn the unique characteristics of project finance, including special purpose vehicle structures, risk allocation mechanisms, and cash flow waterfall arrangements. The program covers financial modeling for projects, lender requirements, and the complete project lifecycle from development through operations. Through case studies of real projects, attendees will develop the expertise to structure and analyze project finance transactions effectively.
Essentials of Project Finance
Financial Management and Accounting
October 25, 2025
Introduction
Objectives
Key learning objectives for this course include:
- Understand project finance concepts and structures
- Develop project finance financial models
- Analyze and allocate project risks
- Structure project financing arrangements
- Evaluate lender and investor requirements
- Understand project documentation and contracts
- Conduct feasibility analysis for projects
- Manage project finance during construction and operation
- Evaluate project refinancing and exit strategies
Target Audience
- Project Finance Professionals
- Infrastructure Investment Analysts
- Bank Lending Officers
- Project Developers
- Public-Private Partnership Specialists
- Energy and Infrastructure Finance Professionals
- Corporate Finance Managers in project companies
- Investment Analysts in infrastructure funds
Methodology
- Project finance case studies
- Financial modeling workshops
- Risk allocation exercises
- Documentation review sessions
- Due diligence simulations
- Group discussions on project challenges
- Individual project analysis projects
Personal Impact
- Enhanced project finance technical skills
- Improved risk analysis and allocation capabilities
- Stronger financial modeling abilities
- Increased confidence in project structuring
- Better understanding of infrastructure finance
- Professional growth in project finance career
Organizational Impact
- Improved project financing success rates
- Enhanced risk management in projects
- Better investment decisions in infrastructure
- Increased efficiency in project development
- Stronger lender and investor confidence
- Improved project viability and sustainability
Course Outline
Project Finance Fundamentals
Core Concepts- Project finance definition and characteristics
- Comparison with corporate finance
- Special purpose vehicle (SPV) structures
- Project finance applications and sectors
- Project development phase
- Financing and construction phase
- Operations and maintenance phase
- Refinancing and exit strategies
Risk Analysis and Allocation
Risk Identification- Construction risks assessment
- Operational risks analysis
- Market and revenue risks
- Political and regulatory risks
- Risk allocation strategies
- Contractual risk transfer
- Insurance requirements
- Government support mechanisms
Financial Modeling for Projects
Model Structure- Project finance model framework
- Revenue and cost projections
- Construction period modeling
- Operations period cash flows
- Debt sizing and structuring
- Debt service coverage ratios
- Loan life coverage ratio
- Cash flow waterfall modeling
Financing Structures
Debt Financing- Commercial bank lending
- Export credit agencies
- Multilateral development banks
- Bond financing for projects
- Sponsor equity requirements
- Financial investor participation
- Mezzanine financing options
- Equity return calculations
Project Documentation
Key Contracts- Engineering, procurement, construction contract
- Operations and maintenance agreement
- Off-take and power purchase agreements
- Fuel supply agreements
- Credit agreement provisions
- Security package documentation
- Intercreditor agreements
- Direct agreements with counterparties
Financial Analysis and Due Diligence
Investment Analysis- Project feasibility assessment
- Lender due diligence requirements
- Technical due diligence
- Legal and regulatory due diligence
- Construction monitoring
- Operations performance tracking
- Cash flow distribution mechanisms
- Refinancing opportunities analysis
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