Financing Energy Projects in Developing Countries »

"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.

List of Executive Overviews

Summaries

Figures

Tables

Units and Conversion Factors

Pt. I The Setting 1

1 Fundamentals of Project Financing 3

2 Challenges of Project Financing in Developing Countries 19

Pt. II Getting to Know the Financiers 27

3 Sources of Financing 29

4 Accessing Support from Global Multilateral Institutions 43

5 Borrowing from Regional Development Banks 81

6 Bilateral Sources of Financing 105

7 Accessing Commercial Funds 137

Pt. III Designing an Acceptable Project Package 167

8 Analyzing the Business Environment 171

9 Establishing Economic and Financial Viability 205

10 Structuring the Financing Package 247

11 Environmental and Social Concerns 309

App. A The Coordinates for Finance and Guarantee Agencies 343

App. B Guidelines for the Preparation of Environmental Assessments 373

Glossary 387

Bibliography 413

Index 421