The course will include the following content:

Module 1: An Introduction to Project Finance

• What is "Project Finance" - How Does it Differ From Other Forms of Lending?
• Who Uses Project Finance and Why?
• Key Characteristics of Project Finance
• Disadvantages fpr Borrowers and Sponsors
• Risk and Reward Relationships of the Players

Module 2: Qualitative Risk Identification, Analysis & Mitigation (A)

• Sponsor Risk
• Country and Political Risk
• Risks of the Project Itself

Module 3: Qualitative Risk Identification, Analysis & Mitigation (B)

• Risks of the Project Itself

Module 4: Quantitative Risk Analysis and Debt Sizing/Structuring

• The Borrower and Sponsor Objectives
• Use of Different Techniques by Borrower to Assess Project Attractiveness
• The Banker's Objectives
• Debt Sizing & Sculpting

Module 5: Documenting the Deal

• The Documentation Process
• A Recap on Syndicated Debt Terminology with Special Reference to Project Finance
• The Key "Command & Control" Mechanisms in Project Finance Agreements
• Borrower and Sponsor Needs and "Hot Buttons"

Module 6: The Project Finance Time-Line & Project Finance Security-Taking

• Steps in the Project Finance Process
• Lender Security
• Relative Value of Different Security Types
• Security in Challenging Locations
• Key Security Instruments

Elective path A – Two Modules to complete

• Module 1: Infrastructure Project Finance
• Module 2: PPP/PFI Project Finance

Elective path B – Two Modules to complete

• Elective Module 1: Oil & Gas/Mining Project Finance
• Elective Module 2: Conventional & Renewable Power Project Finance