Project Financing Electricity Projects with Senior Debt

A Practical Guide

Yandisa Nongena (Autor)

Buch | Hardcover

2026
Springer International Publishing (Verlag)
978-3-032-16209-0 (ISBN)

Infos

This book is a guide to project financing, primarily used to fund infrastructure projects. While it focuses on electricity projects, its insights can be applied across various sectors. It employs a P&L statement as a framework for approaching deals, with CFADS at its core. It introduces fundamental building blocks to ensure CFADS remains predictable, mechanisms to safeguard its predictability, warning signals for material deviations, and a system of incentives and penalties to manage potential disruptions all within the structure of a P&L statement.

In summary, this is a practitioners guide in every sense. It sets minimum advisory standards expected by lenders, defines risk-informed contractual clauses that enable commercially bankable agreements, and provides calculations and assumptions necessary for determining debt size irrespective of borrower structure or lending arrangements.

Autor

Yandisa Nongena has two engineering degrees, diploma in investment management, diploma in drafting and interpretation of contracts and MSc in Finance and Finance Law, giving Yandisa Nongena  diverse and relevant academic foundation for project finance.

Yandisa Nongena was a project finance banker from 2004 to mid-2023 and on borrower side from mid-2023 to early 2025, putting Yandisa Nongena  at the centre of closing all deals Yandisa Nongena worked on. Yandisa Nongena rose from an analyst building financial models through the various levels doing each and every workstream along the way, to leading or co-leading deals.

Inhalt

What is project financing? A functional definition, highlighting project & lender configurations.- Profit and loss statement Essence to distil CFADS, size debt and equity to fund a project.- Making CFADS (& DS) predictable focusing on each line item of P&L statement.- How to protect CFADS (& DS) predictability Focus on each line of P&L statement.- Setting up alarms and policing Deviation of CFADS and DS and potential causes thereof.- Setting timings periods starts and ends, business days notices and days to deliver.- Loan Market Association (LMA) precedent Don t reinvent the wheel but pick n chose.- Security package In case it all goes pear shaped.- Ancillary facilities Other often necessary or advisable finance needs in one package.- CPs Confirming facts before committing to lend.- Portfolio management Policing compliance with credit/facilities agreement.- Respect established processes & negotiators limitations No mandate to re-engineer processes.- Basics of electricity and technologies therein.- Vertically integrated electricity monopolies One end of regulatory spectrum.- Liberalised electricity markets The other end of regulatory spectrum.- Investment support regimes They differ by country and over time! Know what to lookout for?- Electricity market advisors Price forecasts and insights beyond price forecasts.- Datacentres Their valuation reports and resilience thereof as off-takers.- Due diligence: Understanding its general intricacies.- Legal due diligence The details that matter and why?- Technical due diligence The details that matter and why?- Insurance due diligence What details matter and why?- Tax due diligence What to lookout for and why?- Model audit What a model auditor looks for and confirms to lenders.- Lender's scepticism and curiosity Closing due diligence gaps and operational reporting cracks.- Single/multiple project vs numerous projects Materiality informs DD and mitigation needs.- Online, realtime and collaborative due diligence Live Diligence experience.- The project financing process From courting, conception, cradle to grave.- Typical meetings and calls Timetable and workflow on the March to financial close.- Leverage finance vs project finance Chalk and Cheese.- Epilogue: The need for further edition of this book.- My project finance teachers A roll call.

Produkt-Details

• Erscheint lt. Verlag: 15.4.2026
• Zusatzinfo: Approx. 525 p. 7 illus.
• Verlagsort: Cham
• Sprache: englisch
• Maße: 155 x 235 mm
• Themenwelt: Wirtschaft
• Schlagworte: Electricity Projects Due Diligence • Project Finance • Project Finance Data Centres and Electricity Projects • Project Financing Electricity Projects • Project Financing Renewables • Renewable Energy and Datacentres • Renewables Project Finance
• ISBN-10: 3-032-16209-2 / 3032162092
• ISBN-13: 978-3-032-16209-0 / 9783032162090
• Zustand: Neuware