Day 1: Introduction to Project & Infrastructure Finance
Key Topics:
Overview of project finance vs. corporate finance
Key players: sponsors, lenders, EPC contractors, regulators
Types of infrastructure projects: energy, transport, social infrastructure
Project lifecycle and risk-sharing mechanisms
Regulatory, legal, and political considerations
SPVs (Special Purpose Vehicles): roles and governance
Risk identification, classification, and mitigation
Key contractual frameworks: EPC, O&M, Concession, PPA
Regulatory, construction, operational, and market risks
Contractual risk allocation using term sheets
Key Topics:
Key financial metrics: IRR, NPV, DSCR, LLCR
Revenue modelling, capex/opex forecasting
Debt structuring: project loans, mezzanine, bond financing
Base case, downside case, and sensitivity analysis
Overview of Excel-based project finance models
Key Topics:
Financing options: multilateral, export credit agencies, private equity
Public-Private Partnerships (PPPs) and blended finance
Legal documentation: term sheets, loan agreements, covenants
Due diligence and legal risk analysis
Key Topics:
Project implementation monitoring and reporting
Loan disbursement and drawdown mechanics
Dealing with delays, cost overruns, and defaults
Refinancing, restructuring, and exit strategies
Case studies: Successes and failures in infrastructure finance
