The Viewpoint The Vagaries of Project FinanceMay 1 2012
By Piyush Mishra
Project Finance is a leap of faith for lenders. The distinguishing feature of project finance from other forms is its limited/non-recourse nature, which makes it imperative to factor in the risks of the underlying project. The breadth of risks involved in a project is quite significant. A Liquefied Natural Gas project will entail project risk of the gas fields, pipelines and/or tankers and ports, liquefaction plant, re-gasification plant and the facilities/projects of the off-takers. If it is a cross-border transaction it . . .
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