Registration for this programme has now closed. To be placed on a standby list, please contact Daisy Brooker e: dbrooker@ipfa.org.
The IPFA, in collaboration with the National Treasury of Kenya's PPP Unit, is delighted to announce the first in a series of training sessions in East Africa. The inaugural session will discuss relevant organisation structures, effective regulation, enabling legislation and risk management techniques used in Project Finance and PPP projects. Participants will gain a comprehensive understanding of Project Finance, negotiating techniques and ways to successfully implement Project Finance deals. The course will be led by industry experts and will include detailed course materials, with interactive discussions, working groups and case studies. The delegates will be provided with copies of the main project documents i.e. Project Agreement, Construction Contract, Operations Agreement, Term Sheets and Loan Agreements.
The course will be held over two days, with an optional third day – full details are set out below. Each delegate will receive a Certificate on satisfactory completion of the course.
The key issues in the Project Agreements and Financing documents will be covered in the two day course. An optional third day is available for those delegates who wish to understand the various agreements in more detail and for practitioners involved in the detailed negotiation of the terms.The aim of the course is to give attendees a basic toolkit of knowledge and reference materials to enable them to understand the PPP process and the roles of key stakeholders.
DAY ONE
08.30 – 09.30 WELCOME BREAKFAST & INTRODUCTION
09.30 - 10.45 INTRODUCTION TO PPP
- History
- Concept Structure
- Acronyms explained (i.e. PPP/BOT)
10.45 - 11.00 COFFEE BREAK
11.00 - 11.45 UNDERSTANDING PPP
- Public policy issues – Why the process?
- Issues for governments
- Developing a legal framework
- The benefits of PPP
11.45 – 12.45 PPPs IN KENYA
- Local Legislation
- Current Issues
- Lessons Learnt
12.45 – 13.45 LUNCH
13.45 - 15.15 RISK IDENTIFICATION & ALLOCATION
- The players & their risks
- Types of Risk
- Internal Risks
- External Risks
- Identifying, understanding & evaluating project risks
- How best can these risks be mitigated
- How best to allocate & transfer risks
15.15 – 15.30 COFFE BREAK
15.30 - 17.00 WORKSHOP ONE
Preparation of Risk Matrix for projects in Kenya and comparison to international best practice (examples from airports, ports, rail, roads, water, waste to energy plants, hydro power, power generation, university accommodation and health facilities.)
DAY TWO
08.30 – 09.15 BREAKFAST & INTRODUCTION TO DAY TWO
09.15 - 10.45 KEY ISSUES IN PROJECT AGREEMENTS
- Special Purpose Vehicle (SPV)
- Project Agreement (Concession Agreement)
- Construction Agreement
- Operations Agreement
10.45 - 11.15 COFFEE BREAK
11.15 – 12.30 KEY ISSUES IN FINANCING DOCUMENTS, BANKABILITY AND THE SECURITY PACKAGE
- Term Sheet
- Loan Agreement
- Inter creditor Agreement
- Direct Agreement
- Security documents
12.30 – 13.30 LUNCH
13.30 – 15.30 PUBLIC PROCUREMENT PROCESS AND POST CONTRACT
- The project business case
- Public Sector Comparator
- Procurement stages
- Evaluation options
- Events Post Contract
- Monitoring construction
- Performance – Benchmarking, market testing & Penalties
- Force Majeure events
- Disputes with the SPV
- Contract termination
15.30 – 16.30 WORKSHOP TWO
In this session delegates will review selected case studies of completed projects across the world to illustrate best practice in project finance.
DAY THREE (OPTIONAL)
08.30 – 09.15 BREAKFAST & INTRODUCTION TO DAY THREE
09.15 – 10.45 PROJECT AGREEMENTS
- Special Purpose Vehicle (SPV)
- Project Agreement (Concession Agreement)
- Construction Agreement
- Operations Agreement
- Power Purchase Agreement
10.45 – 11.15 COFFEE BREAK
11.15 – 12.30 CONTRACT MANAGEMENT ISSUES DURING THE CONSTRUCTION AND OPERATIONS PHASES
12.30 – 13.30 LUNCH
13.30 – 15.00 MANAGING STAKEHOLDERS, PAYMENT MECHANISMS, PERFORMANCE STANDARDS AND TERMINATION
- Managing Stakeholders
- Payment Mechanisms
- Performance Standards
- Termination
15.00 –15.30 COFFEE BREAK
15.30 – 17.00 WORKSHOP THREE
In this workshop delegates will split into teams and review the practical steps to finance and construct a power station in the private sector; the case study will look at it from sponsor, banking and government viewpoints and will review set up; risk analysis, documentation required, integration to grid and regulation.
17.00 END OF COURSE
FEES
IPFA Member/ Public Sector Rate:
- Two Day Course: $420
- Three Day Course: $600
Non-IPFA Member Rate:
- Two Day Course: $700
- Three Day Course: $1,000
Discounts are also available for multiple bookings and are processed as follows:
- For two delegates a 10% discount will be applied to the total fee
- For three delegates a 15% discount will be applied to the total fee
- For four or more delegates a 20% discount will be applied to the total fee
Fees include all documentation, lunch and refreshments but does not include accommodation.
REGISTRATION
Registration for this programme has now closed. To be placed on a standby list, please contact Daisy Brooker e: dbrooker@ipfa.org.