Project Finance Foundations e-Learning

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Overview

This course introduces a new standard for cost effective, on-demand project finance training.
Drawing on the experience of long term practitioners, this E-learning course differentiates itself from other courses, by providing concise, concentrated and practical training, at the learners fi ngertips, when it is most required i.e. right in the middle of a transaction. Learn which questions to ask, which numbers to look at, and which factors to consider. Discover how to look objectively at the risks and see a complex picture in a clear, orderly way.

Screenshots

 

Course Highlights:

  • The who, why, where when and how of project finance transactions
  • Project risks including the logic behind the allocation of risk between the main project
      participants
  • Sources of project finance and the mechanics of raising finance from each of these
  • Fundamentals of debt sizing and structure
  • Project finance models and how they are structured
  • The main clauses found in:
    ‐ Revenue Agreements
    ‐ EPC O&M and Input Supply Contacts
  • Finance documentation used in project finance transactions

Course Structure

The Course is made up of 7 core modules:

  • Introduction to Project Finance
  • Project Risks
  • Financing Projects
  • Understanding Project Finance Models
  • Revenue Agreements
  • EPC, O&M and Input Supply Contracts
  • Finance Documentation

Methodology
Learning is reinforced through quizzes, interactions and checklists. Th e Learner is placed in the position of someone negotiating a transaction and asked to respond to negotiating points raised by various participants. Learners get to complete a Risk Matrix, mark up a Term Sheet and walk through the logic of a Project Model.

Included in the price of the course:

  • A license to access the course material on our LMS for one year
  • Access to downloadable content including:
  • 7 workbooks (one for each Module)
  • Excel Model
  • A reference Term Sheet 


**END USER LICENCE AGREEMENT**

In purchasing this product you are agreeing these Terms and Conditions

Who should attend

 

  • Financiers involved in project finance
  • Syndication Staff
  • Agency and Credit Staff
  • Government Executives involved in assessing project finance transactions
  • Investment Bankers
  • Bond Investors / Fund Managers
  • Advisors and Project Finance Consultants
  • Insurance Providers
  • Project Sponsors
  • Export Credit Agencies
  • Contractors
  • Lawyers involved in project finance transactions

Related Courses

Agenda
INTRODUCTION TO PROJECT FINANCE

Objectives:
The objective of this module is to introduce the learner to the world of project finance and provide an understanding of the, who, why, where, when and how of project finance transactions. This module is also suitable on a stand-alone basis for those seeking a broad overview of Project finance.

Topics Covered:
  • What is project finance
  • Project finance Structures
  • Creating “bankable” cash flow
  • Project finance Contracts
  • Project finance Sectors
  • Life Stages of a Project
  • Public sector procurement
  • Project finance participants
  • Project finance Sponsors
  • Project Risks
  • Advantages of project finance
  • Disadvantages of Project finance
Methodology:
New material and concepts are introduced using various interactive elements and understanding is reinforced through quizzes.


PROJECT RISKS
 
Objectives:
The objective of this module is to provide the learner with a thorough understanding of project risks. Material is provided at increasing levels of detail, allowing the user to determine the depth of their learning. The logic behind the allocation of risk between the main project participants is also discussed.

Topics Covered: 
  • Frameworks for risk management including the four main strategies of risk transfer
  • Risk avoidance, risk control and risk retention
  • Main project risks including construction risk
  • Force majeure risk, political risks
  • Infrastructure risk, interest rate risk
  • Currency risk, inflation risk, revenue/ demand risk
  • Operating risk, input supply risk
  • Legal risk, environmental risk
  • Refinancing risk, technology risk
  • Contract mismatch risk and participant risk
  • Factors that influence risk allocation between project participants
Methodology:
A template risk matrix is included in this module and the learner is asked to complete the risk matrix for a hypothetical project. Concepts are reinforced through the use of multiple interactive elements and quizzes.


RAISING FINANCE

Objectives:
The objective of this module is to introduce the learner to various sources of project finance and the mechanics of raising finance from each of these sources. It also covers the fundamentals of debt sizing and structuring.

Topics Covered:
  • Designing the finance package
  • Sources of finance
  • Due diligence
  • Debt sizing
  • Structuring bank debt
  • Structuring bond finance
  • ECA Finance
  • Multilateral Funding
  • Loan Covenants
  • Security and inter-creditor issues

Methodology:
Concepts are introduced and reinforced through multiple interactive elements and quizzes throughout the module.

UNDERSTANDING PROJECT FINANCE MODELS
 
Objectives:
The objective of this module is to provide the learner with a thorough understanding of Project finance Models and how they are structured.
 
Topics Covered:
  • Nine core components of financial models
  • Linkages between the components
  • Construction costs module
  • Construction funding module
  • Term debt module revenues module
  • Operating costs module
  • Depreciation module
  • Future capex module
  • Tax module
  • Project cash flow module
  • Using financial models
Methodology:
An Excel model is provided along with a step by step explanation of the calculation logic. The learner is encouraged to learn by reviewing the model, understanding the logic and replicating the model provided. Various concepts are reinforced through quizzes.

REVENUE AGREEMENTS

Objectives:
The objective of this module is to introduce the learner to the main clauses found in revenue agreements such as power purchase agreements. the module also discusses the flow-on effects of these clauses to other contracts and the finance structure.

Topics Covered:
  • Term of contract
  • Conditions precedent
  • Construction milestones
  • Consequences of delay
  • Design and construction obligations
  • Operating protocols
  • Tariff structure
  • Performance testing and tariff adjustments
  • Expansions and modifications
  • Insurance requirements
  • Force majeure
  • Step in rights
  • Change in ownership
  • Change of law
  • Default and termination.
Methodology:
Concepts are introduced and reinforced throughout the module by the use of interactive elements, quizzes and by requiring the learner to respond to various scenarios.


EPC, O&M, INPUT SUPPLY CONTRACTS

Objectives:
The objective of this module is to introduce the learner to the main clauses found in the EPC contract, the O&M contract and input supply contracts. The module also discusses the flow-on effects to other contracts and the financing structure.
Topics Covered

Construction Contracts
  • Types of construction contracts
  • Contract scope
  • Contract price and payments
  • Completion and liquidated damages
  • Security
  • Events of default and termination
  • Dispute resolution
  • Construction phase insurances
  • EPC checklist
  • Other commercial terms.
O&M Contracts
  • Types of O&M contracts
  • O&M contractor roles
  • Project company roles and responsibilities
  • Fee structures
  • Performance and liquidated damages
  • Events of default and termination
  • Operating phase insurances
  • O&M contract checklist
  • Other terms.
Input Supply Contracts
  • Input supply contracts
  • Start date and term
  • Contract volumes and flexibility
  • Quality
  • Price and payments
  • Events of default and termination
  • Fuel supply contract checklist
  • Other terms.

Methodology:
Concepts are introduced and reinforced throughout the module by the use of interactive elements, quizzes and by requiring the learner to respond to various scenarios.


FINANCE DOCUMENTATION

Objectives:
This module introduces the learner to finance documentation typically used in Project finance transactions. It also covers the terms found in each of the documents.
 
Topics Covered:
  • Letter of interest
  • Commitment letter
  • Term sheet
  • Credit facility
  • Working capital facility
  • Security trust deed
  • Security documents
  • ISDA’s and hedge documents
Methodology:
Concepts are reinforced through quizzes. The learner is asked to mark up a up a term sheet.
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