PREPARATION OF FINANCIAL
THE NATURE AND PURPOSE OF
Professor, Finance & Accounts
1. Understand the working of business
2. Understand the mea
Financing Growth Strategy
What has been the financing strategy of Calpine?
Why was is appropriate?
Used Project Finance
IPP Contractual bundle - Had steady streams of long term cash
No further investment required s
Project finance helps in raising large amount of debts. Project financing is normally done without
recourse to the lender/Sponsor
Risk minimisation lies in the heart of project financing. It helps in mitigating risks like credit, technical