[vc_row type=”vc_default” full_width=”stretch_row_content_no_spaces” css=”.vc_custom_1500547593342{padding-right: 100px !important;}” el_class=”noPaddinRow”][vc_column width=”1/6″ el_class=”noPaddingLeft” offset=”vc_hidden-md vc_hidden-sm vc_hidden-xs”][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJtYWluLXN0cmlwJTIyJTNFJTBBJTNDZGl2JTIwY2xhc3MlM0QlMjJibHVlLXN0cmlwMCUyMiUzRSUzQyUyRmRpdiUzRSUwQSUzQ2RpdiUyMGNsYXNzJTNEJTIyYmx1ZS1zdHJpcDElMjIlM0UlM0MlMkZkaXYlM0UlMEElM0NkaXYlMjBjbGFzcyUzRCUyMmJsdWUtc3RyaXAyJTIyJTNFJTNDJTJGZGl2JTNFJTBBJTNDJTJGZGl2JTNF[/vc_raw_html][/vc_column][vc_column width=”5/6″ el_class=”justifyText” css=”.vc_custom_1530118518413{padding-right: 310px !important;}” offset=”vc_hidden-md vc_hidden-sm vc_hidden-xs”][vc_empty_space height=”50px”][vc_row_inner el_id=”newsletters”][vc_column_inner width=”1/6″][/vc_column_inner][vc_column_inner width=”2/3″][vc_custom_heading text=”“Engineering Meets Finance” – DETAIL & ILF Business Consult Host Project Development Financing Seminar” font_container=”tag:h1|font_size:22|text_align:justify|color:%236699cc|line_height:1.8″ use_theme_fonts=”yes”][/vc_column_inner][vc_column_inner width=”1/6″][/vc_column_inner][/vc_row_inner][vc_empty_space height=”25px”][vc_column_text]
On 7th July, 2017, Detail Commercial Solicitors (DETAIL) in conjunction with ILF Business Consult hosted a seminar titled “Engineering Meets Finance, providing insights on best practices in project development financing of infrastructure, energy and other development projects. The seminar comprised of 3 sessions with speakers Dr. Andreas Linke and Hubert Pfeiffer, both of ILF Business Consult. Welcome remarks and introductions were given by Tosin Ajose, Associate Partner at DETAIL and Abiodun Oshodi, Managing Director of ILF Consulting Engineers Nigeria.
Session 1: Project Development Cycle
During this session, Dr. Andreas Linke emphasized that currently financing is available for projects, however, mature and well-developed projects are rare. Often, project developers have not adequately developed their projects to the stage where they can attract investments. Articulation of the concept for a project on paper is not a project, it is an idea. To move from an idea to a project that can successfully attract investment, developers were advised to follow a well laid out process for project development which involve the following gate phases:
(1) appraise (preparing the business case and feasibility study for the project);
(2) select (prepare the business plan, financial structuring, legal framing);
(3) define (prepare FEED and ESIA, financial close expected at this stage);
(4) execute (design, construct and commission the project);
(5) operate (loan repayment and profit generation expected at this stage); and
(6) decommission (business closure).
It was emphasized that final investment decisions take place between the Define and the Execute gate phases. The importance of an efficient project management team comprising of advisers on the economics, finances, engineering, and legal/ regulatory requirements for the project is essential to de-risk the project. A complex project is capable of attracting investment if the gate phases have all been successfully followed through by the developer.
Session 2: Bankable Feasibility Studies
In this session, Hubert Pfeiffer explained that bankable feasibility studies go beyond engineering as they involve a more comprehensive examination of a project’s potential for success to convince investors to invest in the project. Bankable Feasibility Studies should contain adequate information on (a) Site location/routing of the project; (b) System Design; (c) cost estimate; (d) legal and regulatory screening; (e) social and environmental screening; (f) economic cost benefit analysis; (g) commercial structure; (h) risk assessment and (i) project execution planning. Once the financiers have sufficient information on these components, it makes the final investment decision easy to make.
Session 3: Service Financing
In this session, Dr. Linke explained that service financing involves an evaluation of expected return of investment against associated projects risks. Projects should be developed/designed to be commercially viable before leveraging options are explored. De-risking of the projects with appropriate mitigative measures at the early stage gate is essential to achieving bankability.
In concluding the seminar, Dolapo Kukoyi, Partner at DETAIL emphasized that it was key for project developers to make the upfront investment of securing a strong team of financial, technical and legal advisers from the early stages of a project to ensure thorough evaluations and mitigation of risks are carried out at each gate phase before proceeding to the next phase. If necessary, stopping a project that cannot be sufficiently de-risked is still success.
Left to Right: Abiodun Oshodi (MD, ILF-Consulting Engineers Nigeria), Gerhard Langer (MD, INFRA project development), Dr. Andreas Linke (MD, ILF Business Consult), Dolapo Kukoyi (Partner, Detail Commercial Solicitors), Hubert Pfeiffer (Consultant, ILF Business Consult)
Click to view more pictures from the event[/vc_column_text][/vc_column][/vc_row][vc_row type=”vc_default” full_width=”stretch_row_content_no_spaces” css=”.vc_custom_1500547593342{padding-right: 100px !important;}” el_class=”noPaddinRow”][vc_column el_class=”noPaddingLeft” offset=”vc_hidden-lg vc_hidden-xs”][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJ0YWItbWFpbi1zdHJpcCUyMiUzRSUwQSUzQ2RpdiUyMGNsYXNzJTNEJTIydGFiLWJsdWUtc3RyaXAwJTIyJTNFJTNDJTJGZGl2JTNFJTBBJTNDZGl2JTIwY2xhc3MlM0QlMjJ0YWItYmx1ZS1zdHJpcDElMjIlM0UlM0MlMkZkaXYlM0UlMEElM0NkaXYlMjBjbGFzcyUzRCUyMnRhYi1ibHVlLXN0cmlwMiUyMiUzRSUzQyUyRmRpdiUzRSUwQSUzQyUyRmRpdiUzRQ==[/vc_raw_html][vc_empty_space height=”25px”][vc_row_inner][vc_column_inner width=”1/6″][/vc_column_inner][vc_column_inner width=”2/3″][vc_custom_heading text=”“Engineering Meets Finance” – DETAIL & ILF Business Consult Host Project Development Financing Seminar” font_container=”tag:h1|font_size:22|text_align:justify|color:%236699cc|line_height:1.8″ use_theme_fonts=”yes”][vc_column_text]
On 7th July, 2017, Detail Commercial Solicitors (DETAIL) in conjunction with ILF Business Consult hosted a seminar titled “Engineering Meets Finance, providing insights on best practices in project development financing of infrastructure, energy and other development projects. The seminar comprised of 3 sessions with speakers Dr. Andreas Linke and Hubert Pfeiffer, both of ILF Business Consult. Welcome remarks and introductions were given by Tosin Ajose, Associate Partner at DETAIL and Abiodun Oshodi, Managing Director of ILF Consulting Engineers Nigeria.
Session 1: Project Development Cycle
During this session, Dr. Andreas Linke emphasized that currently financing is available for projects, however, mature and well-developed projects are rare. Often, project developers have not adequately developed their projects to the stage where they can attract investments. Articulation of the concept for a project on paper is not a project, it is an idea. To move from an idea to a project that can successfully attract investment, developers were advised to follow a well laid out process for project development which involve the following gate phases:
(1) appraise (preparing the business case and feasibility study for the project);
(2) select (prepare the business plan, financial structuring, legal framing);
(3) define (prepare FEED and ESIA, financial close expected at this stage);
(4) execute (design, construct and commission the project);
(5) operate (loan repayment and profit generation expected at this stage); and
(6) decommission (business closure).
It was emphasized that final investment decisions take place between the Define and the Execute gate phases. The importance of an efficient project management team comprising of advisers on the economics, finances, engineering, and legal/ regulatory requirements for the project is essential to de-risk the project. A complex project is capable of attracting investment if the gate phases have all been successfully followed through by the developer.
Session 2: Bankable Feasibility Studies
In this session, Hubert Pfeiffer explained that bankable feasibility studies go beyond engineering as they involve a more comprehensive examination of a project’s potential for success to convince investors to invest in the project. Bankable Feasibility Studies should contain adequate information on (a) Site location/routing of the project; (b) System Design; (c) cost estimate; (d) legal and regulatory screening; (e) social and environmental screening; (f) economic cost benefit analysis; (g) commercial structure; (h) risk assessment and (i) project execution planning. Once the financiers have sufficient information on these components, it makes the final investment decision easy to make.
Session 3: Service Financing
In this session, Dr. Linke explained that service financing involves an evaluation of expected return of investment against associated projects risks. Projects should be developed/designed to be commercially viable before leveraging options are explored. De-risking of the projects with appropriate mitigative measures at the early stage gate is essential to achieving bankability.
In concluding the seminar, Dolapo Kukoyi, Partner at DETAIL emphasized that it was key for project developers to make the upfront investment of securing a strong team of financial, technical and legal advisers from the early stages of a project to ensure thorough evaluations and mitigation of risks are carried out at each gate phase before proceeding to the next phase. If necessary, stopping a project that cannot be sufficiently de-risked is still success.
Left to Right: Abiodun Oshodi (MD, ILF-Consulting Engineers Nigeria), Gerhard Langer (MD, INFRA project development), Dr. Andreas Linke (MD, ILF Business Consult), Dolapo Kukoyi (Partner, Detail Commercial Solicitors), Hubert Pfeiffer (Consultant, ILF Business Consult)
Click to view more pictures from the event[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/6″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=”vc_default” full_width=”stretch_row_content_no_spaces” css=”.vc_custom_1500547593342{padding-right: 100px !important;}” el_class=”noPaddinRow”][vc_column el_class=”noPaddingLeft” offset=”vc_hidden-lg vc_hidden-md vc_hidden-sm” css=”.vc_custom_1530172303756{padding-right: 75px !important;padding-left: 60px !important;}”][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJtb2ItbWFpbi1zdHJpcCUyMiUzRSUwQSUzQ2RpdiUyMGNsYXNzJTNEJTIybW9iLWJsdWUtc3RyaXAwJTIyJTNFJTNDJTJGZGl2JTNFJTBBJTNDZGl2JTIwY2xhc3MlM0QlMjJtb2ItYmx1ZS1zdHJpcDElMjIlM0UlM0MlMkZkaXYlM0UlMEElM0NkaXYlMjBjbGFzcyUzRCUyMm1vYi1ibHVlLXN0cmlwMiUyMiUzRSUzQyUyRmRpdiUzRSUwQSUzQyUyRmRpdiUzRQ==[/vc_raw_html][vc_empty_space height=”25px”][vc_row_inner][vc_column_inner width=”1/6″][/vc_column_inner][vc_column_inner width=”2/3″][vc_custom_heading text=”“Engineering Meets Finance” – DETAIL & ILF Business Consult Host Project Development Financing Seminar” font_container=”tag:h1|font_size:22|text_align:justify|color:%236699cc|line_height:1.8″ use_theme_fonts=”yes”][vc_column_text]
On 7th July, 2017, Detail Commercial Solicitors (DETAIL) in conjunction with ILF Business Consult hosted a seminar titled “Engineering Meets Finance, providing insights on best practices in project development financing of infrastructure, energy and other development projects. The seminar comprised of 3 sessions with speakers Dr. Andreas Linke and Hubert Pfeiffer, both of ILF Business Consult. Welcome remarks and introductions were given by Tosin Ajose, Associate Partner at DETAIL and Abiodun Oshodi, Managing Director of ILF Consulting Engineers Nigeria.
Session 1: Project Development Cycle
During this session, Dr. Andreas Linke emphasized that currently financing is available for projects, however, mature and well-developed projects are rare. Often, project developers have not adequately developed their projects to the stage where they can attract investments. Articulation of the concept for a project on paper is not a project, it is an idea. To move from an idea to a project that can successfully attract investment, developers were advised to follow a well laid out process for project development which involve the following gate phases:
(1) appraise (preparing the business case and feasibility study for the project);
(2) select (prepare the business plan, financial structuring, legal framing);
(3) define (prepare FEED and ESIA, financial close expected at this stage);
(4) execute (design, construct and commission the project);
(5) operate (loan repayment and profit generation expected at this stage); and
(6) decommission (business closure).
It was emphasized that final investment decisions take place between the Define and the Execute gate phases. The importance of an efficient project management team comprising of advisers on the economics, finances, engineering, and legal/ regulatory requirements for the project is essential to de-risk the project. A complex project is capable of attracting investment if the gate phases have all been successfully followed through by the developer.
Session 2: Bankable Feasibility Studies
In this session, Hubert Pfeiffer explained that bankable feasibility studies go beyond engineering as they involve a more comprehensive examination of a project’s potential for success to convince investors to invest in the project. Bankable Feasibility Studies should contain adequate information on (a) Site location/routing of the project; (b) System Design; (c) cost estimate; (d) legal and regulatory screening; (e) social and environmental screening; (f) economic cost benefit analysis; (g) commercial structure; (h) risk assessment and (i) project execution planning. Once the financiers have sufficient information on these components, it makes the final investment decision easy to make.
Session 3: Service Financing
In this session, Dr. Linke explained that service financing involves an evaluation of expected return of investment against associated projects risks. Projects should be developed/designed to be commercially viable before leveraging options are explored. De-risking of the projects with appropriate mitigative measures at the early stage gate is essential to achieving bankability.
In concluding the seminar, Dolapo Kukoyi, Partner at DETAIL emphasized that it was key for project developers to make the upfront investment of securing a strong team of financial, technical and legal advisers from the early stages of a project to ensure thorough evaluations and mitigation of risks are carried out at each gate phase before proceeding to the next phase. If necessary, stopping a project that cannot be sufficiently de-risked is still success.
Left to Right: Abiodun Oshodi (MD, ILF-Consulting Engineers Nigeria), Gerhard Langer (MD, INFRA project development), Dr. Andreas Linke (MD, ILF Business Consult), Dolapo Kukoyi (Partner, Detail Commercial Solicitors), Hubert Pfeiffer (Consultant, ILF Business Consult)
Click to view more pictures from the event[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/6″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]