Assignment 11] Project basics – Name, Location, purpose

2] What is the project cost?

3] How is it being financed?

4] Who are the equity contributors and what is their relative ownership [ in total equity]?

5] What is the debt component?

6] What are the debt instruments being used?

7] The type of concession to sponsors offered by the Government Agency involved [eg BOT]

8] Contractors and nature of contract (i.e., turnkey)

9] Does the local government provide any guarantee to the project?

10] Other unique features of the project and its financing structure.

11] Compare the two chosen projects. What are the similarities/ dissimilarities?

1. Project Name: Asia Pacific Renewables Deal of the year 2014Project Location: BurgosPurpose: To finance Philippines’ first wind farm project

2. Project Cost: USD 450 Million

3. Equity Contribution: USD 135 Million & Debt Contribution: USD 315 Million

4. Equity Contributor: Energy Development Corporation, Philippines with 100% ownership in equity

5. Debt Component: USD 315 Million or 70% of total project cost

6. Debt Instruments being used: Bank Loan

7. Type of Concession: Build Operate Transfer

8. Contractors and nature of contract: Vestas, Denmark and EPC Contract

9. Local government did not provide any guarantee to the project.

10. Biggest wind farm project for Philippines. It also will displace about 200,000 tons of carbon emissions annually.