Copying and distributing are prohibited without permission of the publisher
North American Public Power Deal of the Year 2007
01 February 2008
Read more:
[invenergy]
[power]
[finance]
Invenergy St Clair: Self-service
Recent power financings in Canada have illustrated some of the side benefits of a freeze in deregulation. New capacity in the provinces of Ontario and British Columbia benefits from long-term power purchases with state-owned buyers. These contracts have enabled developers to raise some of the most competitive financing packages around.
The only large-scale inspiration for what Invenergy achieved on its St Clair financing is the method by which Qatar Petroleum finances its projects in the Middle East. Those deals take a solid contract with the main sponsor, turn this into a well-developed term sheet, and ask banks to bid on the pricing that they would accept to sign on.
The process, managed by a co-ordinating financial adviser, is often referred to as a club-type financing, a designation that serves to minimise the role of the financial adviser and the bitterness of participants, which do not typically...
You must be logged in to view this page. If you are already a subscriber, or have an active trial, simply log in below.
If you’re not a registered user, you can get access to the website by taking a free trial. You can register for a trial online or by contacting our sales team – simply email benchbase@projectfinancemagazine.com or call +44 (0) 20 7779 8284.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Subscribe
Free trial
Taking a free trial will give you access to the latest news and analysis, as
well as the online deals database, BenchBase. Start your free trial today.
Free Trial