Project Finance: Practical Case Studies

One positive aspect that the agency noted was that, by agreeing to a generous rescheduling of about US$5.8 billion of principal ...

In December 1997 Moody’s downgraded three Indonesian IPPs – Paiton Energy, CE Indonesia (owned by affiliates of California Energ ...

gas company, to make payment in full for electricity delivered by DSPL and CE Indonesia. Moody’s noted that each failure represe ...

used by the other Paiton units. A few days later Paiton Energy offered to renegotiate the PPA with PLN. On 13 October US Exim an ...

was considering as it negotiated were the opportunity to extend the 30-year term of the con- tract; an opportunity to build anot ...

when industrial growth outpaced development of the power infrastructure, and now repre- sented about 40 per cent of installed ca ...

with the four major agencies involved in the power plant financing US Exim; OPIC; Japan Bank for International Cooperation (JBIC ...

Chapter 7 Samalayuca II, Mexico Type of project Power plant. Country Mexico. Distinctive features First quasi-independent power ...

Introduction The case studies in this Chapter and Chapters 8 and 9 examine five power projects in Mexico. Samalayuca II was Mexi ...

pressor station, near El Paso, to the Samalayuca site. The US$35 million pipeline project, car- ried out in 1997, involved the c ...

Merida III project in Yucatan drew six qualified world-class bidders. Additional power and pipeline projects were begun shortly ...

construction lenders with a 10-year term loan. (The amount of US Eximbank’s political risk coverage was less than the amount of ...

InterGen affiliate; and ICA Fluor Daniel. ICA was responsible for local content. The GECC Capital Markets Group co-arranged the ...

Risk analysis In principle the project risks were allocated as follows: the commercial banks assumed construction and commercia ...

mercial lending banks would cover. Therefore privatisation was defined as an event of default by the CFE in the trust agreement ...

ing cautious progress. Even in the United States at that time, utilities were just becoming comfortable with risk-allocation iss ...

lease because of force majeure.Other immovable assets would have been leased under Mexican law. The Mexican authorities rejected ...

the inability of a commercial lease under Mexican law to be used as a basis for project financ- ing. Part of the problem was tha ...

Chapter 8 Merida III, Mexico Introduction The case studies in this Chapter and Chapters 7 and 9 examine five power projects in M ...

to grow at 5 per cent per year over the following decade, requiring 17,000 MW of new capac- ity by the year 2000. An estimated U ...