Project Finance Fundamentals for Infrapreneurs

Project Finance Fundamentals for Infrapreneurs

Introduction

The course is part of the Brickstone Infrastructure Acceleration Programme ("Brickstone InfraLAB")  which was designed for the African Infrapreneur developing projects but lack the knowledge of basic limited recourse financial principles in making the deal happen.

This course is designed for Aspiring Infraprenuers seeking to join the Brickstone InfraLAB or Project Managers/CEO with little or limited project finance knowledge but who are incubating projects in Energy and Infrastructure space. Brickstone believes it is also important for Project Promoters to have a solid grasp of basic project finance awareness in order to agree with other project stakeholders and appreciate project finance principles that affect the value of their large scale projects
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Content Outline

The course provides important experience and practical examples in the following areas:

Module 01 - Introducing Project Finance

  • Course Introduction
  • Motivations for Project Finance
  • Overview of Project Finance Phases

Module 02 - Project Development Stages

  • Overview of Project Finance Phases
  • Risk Analysis in Project Finance
  • Type of Project Financed Projects ( Stock projects & Flow Projects)
  • Stock-based Project Finance Deals: Explanation & Case Studies 
  • Flow-based Project Finance Deals: Explanation & Case Studies 
  • Project Finance “Bankability” Fundamentals

Module 03 - Project Finance Structuring Fundamentals

  • Key Issues Early Development Stage
  • The Importance of the Special Purpose Vehicle
  • Practical Exercise – Contractual Flow Charts & Project Types Case Studies Examples
  • Preliminary Project Assessment using Financial Model

Module 04 - Contract Mechanics in Project Finance

  • Key Issues Contract Mechanics
  • The Importance of Guarantees
  • Preliminary Project Assessment using Financial Model

Module 05 - Principles of Risk Allocation

  • Principles of Risk Allocation
  • Decision Making on Developing the Project: Negotiating and formalizing with the needed key counterparties on proceeding on the project development on an exclusive basis with the Infrastructure Developer

Module 06 - Early Development Stage

  • Key Issues Contract Mechanics
  • The Importance of Guarantees
  • Preliminary Project Assessment using Financial Model

Module 07 - Pre Financing Stage

  • Principles of Risk Allocation
  • Decision Making on Developing the Project: Negotiating and formalizing with the needed key counterparties on proceeding on the project development on an exclusive basis with the Infrastructure Developer

Module 08 - Achieving Bankability I : Predictable Cashflow

Projects must be characterized by a high degree of revenues predictability under a (partial or full) Contracted Revenue Arrangement with a creditworthy counterparty but if no offtake agreement the independent market study must prove a robust revenue upside capable of neutralizing risks such as price, demand, business cycle, inflation, currency parity and other operating risks

  • Offtake Arrangements: Explain structuring options for the using Offtake Agreements Issues
  • Key Terms in Offtake Agreements & Forms of Offtake Agreements: Explain structuring options for the using Offtake Agreements Issues
  • Application of Financial Models in Negotiations: Discussing DSRC: Explain structuring options for using DSRC
  • Case Studies Review: Case Discussion to recap Project Finance concepts learnt so far. 

Module 09 - Achieving Bankability II : Fixed Construction Delivery

Projects must be delivered under a fixed construction price and schedule with a Building (or EPC) Contractor with appropriate penalties in the form of liquidated damages (LDs) for its failure to perform

  • The rationale for Fixed Construction: Explain structuring options for the using Fixed Price Construction approach
  • Tendering Process and Cost PrecisionExplain why it’s important to have a Tender Process and Cost Precision
  • Key Terms in Construction Agreements: Explain the Key Terms in EPC Construction contracts
  • Case Studies Review: Case Discussion to recap Project Finance concepts learnt so far

Module 10 - Achieving Bankability III : Sustainable Operations & Environmental Compliance

  • Sustainability in Operating Infrastructure Projects
  • Key Terms in O & M Agreement
  • Environmental Due Diligence in Large Scale Projects: Understand the Environmental Due Diligence required in Large Scale Projects 
  • Case Studies Review: Case Discussion to recap Project Finance concepts learnt so far. 

Module 11 - Conclusion

  • Conclusion of Project Finance Fundamentals 
  • Designing the Project Finance Implementation Roadmap.
Duration

Online Learning

30 ON DEMAND SESSIONS | 5 LIVE SESSIONS        FOR 4 WEEKS    STARTING  24 JANUARY 2022

Training Fee ( Terms and Conditions Apply) VAT Inclusive

N 125,000

Main Course Facilitators

Babafemi Awofala

Babafemi Awofala

Babafemi Awofala is the Founder and Senior Partner with Brickstone Partners Limited, an integrated professional service firm providing project finance advisory and transaction structuring for the agriculture, power, energy, infrastructure and real estate industry in West Africa.

Babafemi has 15 years of experience advising companies and governments on private investments and has led teams in the structuring and executing project/structured financings and M&A transactions, performing financial due diligence, developing complex financial models, performing credit analyses, drafting valuations reports and information memoranda, and negotiating term sheets and closing documents.

He was a Vice President at Travant Capital, a private equity and investment advisory firm which raised and partially deployed a US$107m private equity fund. Babafemi executed the following Power & Energy Related-Restructuring advisory transactions. Babafemi was an investment banking lead with Vetiva Capital Management Limited where he leads teams on the advisory, structuring and management of more than $1 billion in public and private offerings of debt/quasi-equity/equity and mergers and acquisitions (M&A) transactions for corporations and governments in Nigeria for over 3 years.

Prior to joining Vetiva Capital Management Limited, he was at the ARM Investment Mangers and was part of the private equity real estate team and he was responsible for managing due diligence activities, structuring and coordinating potential investments and financings among co-investors. Key projects included acquisitions of medium–upper income residential and commercial properties in the Lagos and Abuja, equity placement and advisory services for the raising of a $90 million private equity real estate fund that invests in real estate projects in West Africa, the US$ 350 million Toll Road Project in Lekki, Lagos and the financial plan for the expansion of a Regional Airport in Nigeria.

Mr Awofala has an MBA from the Lagos Business School, Pan – African University, Lagos. He has concluded professional courses in Finance & Financial Law at SOAS-University of London. He is a member of the Infrastructure Policy Commission and Technical Anchor on Mining Thematic Workgroup both at Nigeria Economic Summit Group

Guest Facilitators

There would be other guest facilitators who are leading specialist in Private Equity, Financial and Accounting with vast Entrepreneurship, Commercial and Advisory experience in starting Project Finance

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