Financing Energy Projects in Developing Countries

This book provides first-hand information and analysis of how multilateral, bilateral, and commercial financiers decide to support an energy project. It presents the major changes in the attitudes and orientations of these financiers as they have entered a competitive environment seeking opportunities to do more business in the energy sector of developing countries. The reader is guided through the process of understanding the fundamentals of project financing, getting to know the financiers, and developing an acceptable project package. Finally, some real-world case studies demonstrate the intricacies of mobilizing funds for projects in various segments of the energy sector. Content: Front Matter Executive Overviews • Abbreviations and Acronyms • Units and Conversion Factors • Preface • Table of Contents •Part I. The Setting 1. Fundamentals of Project Financing 2. Challenges of Project Financing in Developing Countries •Part II. Getting to Know the Financiers 3. Sources of Financing 4. Accessing Support from Global Multilateral Institutions 5. Borrowing from Regional Development Banks 6. Bilateral Sources of Financing 7. Accessing Commercial Funds •Part III. Designing an Acceptable Project Package 8. Analyzing the Business Environment 9. Establishing Economic and Financial Viability 10. Structuring the Financing Package 11. Environmental and Social Concerns Appendices • Glossary • Bibliography Index An update to his comprehensive 1996 text on project finance in emerging economies, Razavi's authoritative new book provides first-hand information and analysis of how multilateral, bilateral, and commercial financiers decide to support an energy project. It presents the major changes in the attitudes and orientations of these financiers as they have entered a competitive environment seeking opportunities to do more business in the energy sector of developing countries. For every good energy project, there is a financier somewhere. However, creating an attractive project package requires an explicit understanding of the availability of soft loans, credits, grants, tied and untied loans; objectives, tendencies, and requirements of various financiers; possibilities of combining various financial instruments; methods of economic, financial, and risk analysis and mitigation. The reader is guided through the process of understanding the fundamentals of project financing, getting to know the financiers, and developing an acceptable project package. Finally, some real-world case studies demonstrate the intricacies of mobilizing funds for projects in various segments of the energy sector. "An update to his comprehensive 1996 text on project finance in emerging economies, Hossein Razavi's authoritative new book provides firsthand information and analysis of how multilateral, bilateral, and commercial financiers decide to support an energy project. It presents the major changes in the attitudes and orientations of financiers as they have entered into a competitive environment seeking opportunities to do more business in the energy sector of developing countries." "The reader is guided through the process of understanding the fundamentals of project financing, getting to know the financiers, and developing an acceptable project package. Finally, some real-world case studies demonstrate the intricacies of mobilizing funds for projects in various segments of the energy sector."--Jacket