An update to his comprehensive 1996 text on project finance in emerging economies, Hossein 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. 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.
Hossein Razavi holds an MS degree in engineering and a Ph.D. in economics. A graduate of Harvard Advanced Management Program, he has written extensively on the energy industry. Recent papers have been published in Energy Journal, Energy Economics, Annual Review of Energy and Environment, Oil & Gas Journal, and Hydrocarbon Technology Quarterly. He is a member of the Editorial Board of the Energy Journal.
Part I: The setting; Fundamentals of project financing; Challenges of project financing in developing countries; Part II: Getting to know the financiers; Sources of financing; Accessing support from global multilateral institutions; Borrowing from regional development banks; Bilateral sources of financing; Accessing commercial funds; Part III: Designing an acceptable project package; Analyzing the business environment; Establishing economic and financial viability; Structuring the financing package; Environmental and social concerns; Appendix A: The coordinates for finance and guarantee agencies; Appendix B: Guidelines for preparation of environmental assessments; Glossary; Bibliography.