Final Project Selection : Module 4 (Project Finance)

Case Problem Statement

PF 101, PF Financial Modeling and Analysis of 10 MW Solar/Wind Power Project in Porbandar,

102 Gujarat IN

Case Problem Statement

Techvardhan Power Pvt. Ltd “CLIENT” has signed a PPA for 25 years with GUVNL for a 10 MW Solar
PV /Wind Power Plant at a fixed tariff of Rs. 3.50 / kWh.

They are expecting a net annual energy production of 18 Million kWh / year with a degradation of 1% per
annum. The expected CapEx is Rs. 3 Crore / MW and OpEx is Rs. 30 Lacs / per annum for the whole plant.

They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial
banks in India as a 12 years term loan.

Please prepare a financial model and analyse the cost, revenue and debt repayment along with finflow / cash
flow analysis. Calculate equity IRR and DSCR.

PF 103 Financial Modeling and Analysis of 20 TPD Pyrolysis Project in Pune, Maharashtra
IN

Case Problem Statement

Techvardhan Energy Pvt. Ltd “CLIENT” has signed a long term FSA with a large industrial player for
supplying refined pyrolysis oil of 10,000 LPD at a rate of Rs. 15 per Litre. They want to set up a 20 TPD
pyrolysis plant near Pune MH.

The expected CapEx is Rs. 10 Crore and OpEx is Rs. 2 Crore / per annum for the whole project.

They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial
banks in India as a 12 years term loan.

Please prepare a financial model and analyse the cost, revenue and debt repayment along with finflow / cash
flow analysis. Calculate equity IRR and DSCR.

PF 104 Financial Modeling and Analysis of 50 Flats Housing Project in Gurgaon, Haryana
IN

Case Problem Statement

Techvardhan Infra Pvt. Ltd “CLIENT” has acquired a piece of land near Gurugram HR and wants to
develop it as a residential building having 50 flats of 900 sq. ft each.

They are expecting to sell the flats at a rate of Rs. 4000 / sq.ft. The expected CapEx is Rs. 8 Crore and
OpEx is Rs. 50 Lacs / per annum for the whole project.

They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial
banks in India as a 12 years term loan.

Please prepare a financial model and analyse the cost, revenue and debt repayment along with finflow /
cash flow analysis. Calculate equity IRR and DSCR.
Final Project Selection : Module 4 (Project Finance)
Case Problem Statement
PF Financial Modeling and Analysis of PPP based Airport Development
105 Project in Ranchi, JH

Case Problem Statement

Techvardhan Infra Pvt. Ltd “CLIENT” has been alloted a project of building and operating (for 20 years) a
new commercial airport in Ranchi, JH. They can charge different charges to the airlines through their
Schedule of Charges. The charges were eventually paid by the passengers which roughly calculated as Rs.
500 per passenger.

They are expecting to have a passenger traffic of 1 Million with an increase of 5% every year. The expected
CapEx is Rs. 100 Crore and OpEx is Rs. 25 Crores / per annum for the whole airport.

They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial
banks in India as a 12 years term loan.

Please prepare a financial model and analyse the cost, revenue and debt repayment along with finflow /
cash flow analysis. Calculate equity IRR and DSCR.

PF 106 Financial Modeling and Analysis of PPP based Expressway Project in Hyderabad,
TN

Case Problem Statement

Techvardhan Infra Pvt. Ltd “CLIENT” has been alloted a project of building and operating (for 20 years) a
new expressway between Hyderabad and Anantapur AP. They can charge different charges to the vehicles
using the expressway through their Schedule of Charges, which is averagely calculated as Rs. 75 per
vehicle.

They are expecting to have a vehicle traffic of 10000 vehicles with an increase of 5% every year. The
expected CapEx is Rs. 200 Crore and OpEx is Rs. 28 Crores / per annum for the whole airport.

They are seeking a non-recourse debt (project financing) with 70:30 as D/E ratio from leading commercial
banks in India as a 12 years term loan.

Please prepare a financial model and analyse the cost, revenue and debt repayment along with finflow /
cash flow analysis. Calculate equity IRR and DSCR.

PF 107, PF Lender's Analysis of Project Financial Cash Flows and Risk Assessment of
108 Infrastructure Projects.

Case Problem Statement

Techvardhan Infra Bank Ltd “CLIENT” is a bank who want to provide Non-Recourse Debt as per their
policy.

They want your help to analyse the financial models, cost break up and revenue realization sheets and make
a credit worthiness report on any proposed infrastructure project for project financing.

Take the example of any infrastructure project from the above and create a credit worthiness report of the
project. Please perform a risk assessment also and advise the bank if it is worthy to fund or not as per the
financial model.

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