Pre-requisite

Knowledge of corporate finance and financial accounting

Experience in credit is preferable

Training method

§  Partly through lectures using PowerPoint, to explain the project finance characteristics, and the project formulation, financing, financial structures, and appraisal process.

§  Case studies: These will be supplemented by rigorous exercises and presentation by the participants on specific aspects. While the case studies will be by and large from Harvard Business School and John Finnerty’s book, their use will be meant for inducing clarity in analytical and conceptual rigour needed for project financing.

§  Infusion of practical approach through exercises on project formulation in India (from project promoters’ point of view), appraisal (from the lenders’ point of view) and loan syndication (from arrangers’ point of view).

§  Financial modelling for efficient bottom up approach.

§  The case studies will be a mix of highly successful as well as failed projects so that the participants understand how inadequate risk mitigation can lead to failures. These will include Indian and overseas projects.

§  The participants will be required to come prepared with specific reading / working assignments which will be given in advance.