Project Finance: Practical Case Studies

in its bank loan agreements. Jan Willem Plantagie, a credit analyst for Standard & Poor’s, said that the TXU contract could ...

In August and September TXU Europe negotiated with Drax to find possible ways to ter- minate the PPA. Alternatives that TXU Euro ...

On 17 October TXU paid Drax £20 million for power purchased in September, three days late. Garry Levesley, the manager of the Dr ...

sidered restructuring more likely because that was what the bank lenders, which held 70 per cent of the outstanding senior debt, ...

and therefore of losses for lenders and bondholders. The ‘Caa2’ rating on the senior debt reflected Moody’s expectation that any ...

der offer was subject to a number of conditions, including tenders representing 75 per cent of the 2002 notes and the ROARs on a ...

(^1) This case study is based on an interview with Eric Lejous, formerly Vice President of Chase Manhattan Bank, plc, London, an ...

Chapter 13 Panda Energy–TECO Power joint venture, United States Project summary^1 This project financing covers the construction ...

The Union Power Station serves wholesale customers throughout the states of Arkansas and Louisiana, as well as portions of Missi ...

China and Nepal, and was the developer of, and a partner in, three merchant plants recently constructed in the United States. Pa ...

UPP and PGR guarantee each other’s obligations under the credit facilities. In addition, Trans-Union Pipeline and Gila River Pip ...

the two power markets. However, the project sponsors believe that structural differences between the two markets and the lack of ...

(MGD) from the nearby Ouachita River through an agreement with a local water agency, which has rights to 65 MGD. To satisfy the ...

about US$2 billion in assets, manages significant volumes in the south central region of the United States. TPS, as Energy Coord ...

Power marketing plan To maximise the profit potential of the projects within certain risk tolerances, the Partnership planned to ...

Risk management includes commodity limits such as open position limits, Value at Risk (VaR) limits, and cash flow limits for all ...

Other contracts The Dashiell Switchyard Agreement is a contract with Dashiell Corporation for design, engi- neering, procurement ...

El Paso Natural Gas Company. Under the El Paso Consent Letter Agreement Panda Gila River agreed to ensure that metering equipmen ...

UPP Finance Company (UPP FinCo), a wholly owned special-purpose subsidiary of UPP. Lease payments equal debt service on the bond ...

individual project risks related to construction, operations and market prices. The value of crosscollateralisation and the like ...