Project Finance: Practical Case Studies

schedule, and sponsors that increased their equity participation and provided a contingent equity facility (see Volume II – Reso ...

the Dabhol power project in India (see Chapter 5). PLN’s refusal to pay under its PPA with Paiton Energy in Indonesia (see Chapt ...

The leverage of the Drax power plant in the United Kingdom (see Chapter 12) was too high to withstand the deterioration of whole ...

(^5) Hsiao, Henry, ‘The Use of Financial Guarantees and Contingent Capital in Project Finance’, The Journal of Project Finance, ...

Chapter 1 Laibin B, China Type of project 2 x 350 MW, coal-fired power plant. Country People’s Republic of China (PRC). Distinct ...

Introduction This dual case study (in this chapter and the next) is a comparison of Laibin B and Meizhou Wan, the first two whol ...

The Operator is an 85 per cent owned subsidiary of EDFI, with the balance of ownership held equally by the GPIB, the power purch ...

the willingness of the Chinese government to apply the BOT concept, as well as its strong support for the project; the applicat ...

moved away from negotiating over documentation details, trying to shave costs and limiting the project’s rate of return. Under t ...

The SPC’s letter of support, issued in March 1997, was short but critically important. The main points in the letter were that: ...

letter affirms that the Concession Agreement, the PPA, and the Fuel Supply and Transportation Agreement (FSTA) comply with curre ...

Market, revenue and fuel cost risks The Guangxi government assumed basic market and revenue risks concerning power demand and tr ...

Fuel Supply and Transportation Agreement Under the FSTA the Guangxi provincial government agreed to supply fuel to the project t ...

Chapter 2 Meizhou Wan, China Type of project 724 MW (net) pulverised-coal-fired power plant with two 362 MW units. Country Peopl ...

Introduction This dual case study (in this chapter and the previous one) is a comparison of Laibin B and Meizhow Wan, the first ...

required by the project, and therefore required more education and processing time than the sponsors had originally anticipated. ...

Principal contracts The PPA, the dispatch agreement, and the operations and maintenance (O&M) agreement were formally signed ...

operate and maintain the plant under normal circumstances, taking responsibility for liqui- dated damages and other obligations ...

ronment. It required weaving together strong commitments from reputable and reliable ECAs, multilaterals and private lenders; ad ...

Chapter 3 TermoEmcali, Colombia Type of project Build-own-transfer, combined-cycle, gas-fired power plant. Country Colombia. Dis ...