Conventional & Renewable Independent Power Projects & Cashflow Modelling

3 days 13-15 Dec 2016, Hanoi Vietnam $4,490.00 Download brochure Add to basket

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Please note that special discounts are available to participants based in Vietnam. Please contact us for further information

This course discusses approaches to financing independent power projects (IPPs).  Power generation from conventional fossil fuels like gas is discussed, followed by renewable energy transactions that deploy solar and wind, as well as bio-mass and hydro-power energy sources.  Sessions emphasize how renewable deals differ from more conventional thermal-based transactions and how conventional and renewable power purchase agreements and other project contracts are structured. In day two there is a hands on session in which participants will build a cashflow model for an 8MW solar park.

Who should attend

The courses will be of value to professionals in the following areas:

  • Bankers/Investment Bankers
  • Project Finance Modelers
  • Financial Advisors
  • Sponsors/Project Joint Ventures
  • Project Developers
  • Government/PPP Agencies
  • Public Sector Managers
  • Export Credit Agencies
  • Multilateral Agencies
  • Accountants/Taxation Advisers
  • Financial Analysts
  • Share market Analysts/Brokers
  • M&A/Buyout Specialists
  • Privatization Executives
  • Company Treasurers/Directors
  • Credit Committee Staff
  • Rating Agencies
  • Project Managers/Engineers
  • Project Consultants
  • Investment/Portfolio Managers
  • Insurance Advisers/Brokers


We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Meg Osius (new)
The Course Director specializes in capital markets, risk management, and international project finance. She works with corporations, financial institutions, public agencies, law firms, and private equity investors. She has had extensive transactional experience in the oil, gas, power, transport, and telecom sectors.

She began her career at JP Morgan Chase Manhattan Bank, where she structured highly leveraged deals and project financings also advising clients on foreign exchange and other price risk management strategies. Before that she was responsible for evaluating the quality of the bank’s global loan portfolio as well as that of its newly acquired affiliates. In that role she had extensive experience with workout and distressed debt.

She has published articles in the business press and co-authored several self-study guides covering international project finance, trade and export finance, foreign exchange, and financial futures. The World Bank has published her articles on approaches to financial analysis in emerging markets.

Previously she was Chairperson of the Technical Advisory Panel (TAP) of the Public Private Infrastructure Advancement Fund (PPIAF) managed by the World Bank. The fund provides technical assistance to emerging market governments in order to encourage private involvement in infrastructure development. She is currently a Director of British Caribbean Bank and Waterloo Holdings Ltd. She received an M.B.A. from INSEAD, the European Institute of Business  Administration, in Fontainebleau, France. Her B.A. degree is from Princeton University.



Hotel in Hanoi

All Euromoney Energy Training courses are held at four or five star venues in the centre of the venue city. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses


We can bring this course to your company's office.

If you simply want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

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Day 1

Themes: Structuring Independent Power Projects; Conventional Power and Renewable Energy; Cash flow Forecasting
AM         Overview of Energy Project Financing

Global Growth of the Market: Countries, Sectors, Drivers of growth

Energy Usage and Investment Globally

Comparative Levelized Cost of Energy (LCOE)

  • Gas Facilities: Base-load and Peakers
  • Coal-fired Plants
  • Nuclear
  • Wind Farms
  • Solar Power
  • Landfill Gas and Biomass
  • Geothermal Energy
  • Small-scale Hydro

Global Incentive Programs

  • Feed-in tariffs (FIT)
  • Renewable portfolio standards (RPS)
  • Renewable Energy Credits (RECs)
  • Depreciation, Allowances, etc.
  • Public Tendering
  • Other Grants and Incentives

Financing Structures and Players

Power Projects Risk Identification and Allocation

Different Approaches/Risks in Financing

Shareholder Structures

  • Construction and Warranty Issues

Equipment Supply and Timelines

  • Balance of Plant (BOP) Agreements
  • Land Lease or Acquisition
  • Environmental and Permitting Considerations
  • Technology Advances and Operational Issues
  • Transmission and Interconnection
  • PPA Considerations
PM         Assessing Investment Opportunity and Debt Capacity

Cashflow Forecasting Techniques and Limitations

Sensitivity Analysis and Creditor Considerations

Sponsor Return Calculations

  • Tax-equity Investors and Other Considerations

CASE STUDY: Financing a Single Asset Wind Farm with a Limited Recourse Structure


Themes: Legal Considerations: Solar Power and Cashflow Model Development
AM         Legal and Contractual Issues for Conventional vs Renewable Projects

Assessing Key Contractual Agreements in Depth

  • Power Purchase Agreements
  • Equipment Supply and Time Lines
  • Service Agreements and Warranties
  • Balance of Plant Agreements
  • Operating and Maintenance Understandings
  • Land Leases

Shareholder Structures

Solar Power Project Finance

Solar Photovoltaic Systems and Solar Thermal

  • Issues of Scale, Cost and Application
  • Financing Challenges and PPA Solutions
  • Roof and Ground Leasing Issues; Other Site Requirements
  • Technology Warranties
PM         Case Study: Financing a Solar Park; Developing a Cashflow Model

Delegates will evaluate the security package for a solar power plant. They will look at financing choices, structure, evaluate project cash flows, and quantify their risk assessments

Day  3

Themes: Political Risk Support from Development Banks and Others; Base-load Renewable Providers
AM         Bio-mass and Bio-fuel Projects

What are the Prospects for These Technologies?

Emissions, Waste Disposal, and other Regulatory Issues

Case Example: Wood-fired bio-mass project

Credit and Other Risk Enhancement

Official Political Risk Enhancers

  • Export Credit Agencies (ECAs)
  • Multilateral, Bilateral, and National Development Banks and Others

Accessing Local Bank Finance and Capital Markets

Guest Speaker: Guest Speaker: Power Project Finance in Vietnam Today
(Robert Schiffer; Dragon Capital, Vietnam)

PM         Hydro-electric Facilities

Medium and Large Hydro Facilities

Dams and Other Environmental Sensitivities

Small-Scale Run-of-the River Plants

Pumped Storage Facilities

Financing Considerations: Advantages/Risks/Structuring Approaches

Case Study: Financing a Run-of-the-River Small Scale Hydro Plant with Merchant Sales

Wrap up and Self-test


Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product