Examinando por Materia "Project Finance"
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Ítem Análisis comparativo para el desarrollo de proyectos hidroeléctricos en Colombia : Project Finance versus ejecución dentro de balance(Universidad EAFIT, 2022) Zapata Campuzano, Pablo; Paredes Zambrano, Guillermo AlfredoThe construction of hydroelectric plants in Colombia has traditionally been carried out by established players in the electric sector that use their assets as collateral to finance new projects. However, given the high risk that hydroelectric projects present, investors are evaluating alternative mechanisms such as Project Finance. This document studies, from a financial perspective, the main differences, advantages, and disadvantages of developing a hydroelectric project within a company balance sheet and under Project Finance in Colombia. A simplified financial modeling of the two schemes is also presented in the study, finding that projects executed within the balance sheet generate a higher rate of return for the investor. The study also concludes that incentives, such as Law 1715, for the development of renewable energy projects are more effective if the projects are executed within the balance sheet of the company.Ítem Estimación del costo del capital de un Project Finance en infraestructura(Universidad EAFIT, 2015) Uribe Ceballos, Alejandra; Taborda Agudelo, Pablo Federico; Gutiérrez Betancur, Juan CarlosÍtem Estructura de un modelo financiero para generación de energía : el caso de las Granjas Solares.(Universidad EAFIT, 2019) Trujillo Ruiz, Jaime Eduardo; Loveday Laghi, JamesThis is a relevant work for whom that believes in sustainable energies, it search to present a basic framework to structure a finance model for generate energy through photovoltaic technologies and to be supported by project finance methods, it includes construction where is needed determine amount of invest for a level energy defined previously, associated operative and maintenance expenses in its useful life, to achieve it is important define the model´s basic insights: incomes, costs, CAPEX, OPEX, taxes benefits, WACC, debt and capital structure. The discounted free cash flow and WACC are the model foundations, complemented by some important indicators like VPN, TIR and CFADS.Ítem Estructuración de un proceso de titularización de cartera(Universidad EAFIT, 2018) Pinzon Mosos, Cristian Enrique; Vergara Garavito, Judith CeciliaProject Finance is an alternative source and structuring model for financing projects that require a certain amount of capital for it’s own development. This structure has been used for growth in a different economic sectors such as public and private infrastructure and kind of financial section to the securitization assets like others. Credivalores- Crediservicios S.A.S, which is a recognized company in the payroll sector that offers consumer loans to the public Companies. Looking for an opportunity to initiate a mechanism to carry out and to make a big structure to a collection security, the transfer of those assets which generate a future cash flow has been expressed in pesos to the SPV, those titles or securities serve as a guaranty are able to issue a Bond abroad expressed in dollars depending to the amount. As a result, the SPV presents a significant risk in the matter of volatility in the market rate, and decides to mitigate the risk through a derivative financial instrument called “Cross Currency Swap”. The resources issued by Bonds are monetized in pesos and transferred to the originator, who will begin to continue promoting growth in the consumer and financial sector.Ítem Evaluación financiera del campo de producción de gas mediante Project Finance(Universidad EAFIT, 2019) Carillo Peñaloza, Claudia Juliana; Grillo Uribe, Fernando; Restrepo Barth, SimónThe aim of this work is identifying the feasibility and most suitable financing alternatives for the expansion and drilling of new gas wells of the Petromar project in Cerro Gordo, located in Sardinata 70 km from Cúcuta, which will generate confidence in the owners of the company and investors that finance the project. Based on the above, in order to reach the goal of 12.000 Mpcd (thousand cubic feet per day). The Project Finance incorporates all the elements and variables of information that guarantee to deliver to the interested parties a financial projection with the valuation of the current project, the return on investment and the structuring of the SPV special purpose vehicleÍtem Gestión del riesgo de crédito en Project Finance(Universidad EAFIT, 2019) Rivera Galvis, Juan Pablo; Hernández Ramírez, Mónica María; Bello Bernal, Miguel ÁngelThe management of credit risk under the Project Finance methodology aims to observe the feasibility of a project based on the performance of the debt service coverage ratio. This management seeks to ensure the stability of the operating cash flows to respond to the lenders. This risk is calculated using the Monte Carlo simulation, estimating the probability that operating cash flows will fall below a certain value. In the case of the company Fuentes de Agua Viva, credit risk was evidenced in the first years of project execution, explained by the liquidity limitations during this period; thus, it was decided to opt for a long-term loan that entailed low debt payments in the first years of amortization.Ítem Operaciones de crédito sindicado: experiencia internacional y evolución en el mercado financiero colombiano(Universidad EAFIT, 2018) Daza Oyuela, Víctor Hugo; Muñoz Llanos, Édgar Marino; Castillo Hernández, José MaríaThe megaprojects and PPPs trends in Colombia require largest capital resources for financing. This has evidenced the limited financing capacity of the local banking, forcing the National Government and the projects promoters to seek international sources of resources. This document begins with a literature review on the origin of syndicated credit operations, its definition, benefits, regulation and process, summarizes the syndicated loans in Colombia and ends with experts interviews with extensive experience, who expose their analysis on the local market. The conclusions refer to the potential of growth of the Colombian market and the weaknesses that nowadays exist comparatively with the international trend.Ítem Project Finance como modalidad de financiación para un proyecto hotelero en la ciudad de Pereira(Universidad EAFIT, 2022) Dávila Villa, Isabel Cristina; Castillo Sarria, Kelly Dayana; Vergara Garavito, Judith CeciliaIn view of the multiple financing options, this document seeks to present an alternative to corporate debt for the construction of a new hotel project in the city of Pereira; this type of initiative requires high levels of investment in assets and high cash flows during the construction and staffing phases. The proposed methodology is Project Finance, which allows facing the challenges of debt service management and has several advantages that make it attractive to investors: it allows responding to debt creditors with the cash flows generated by the project itself, allocates risks efficiently to each participant without compromising its other assets, creates a special vehicle for the sole purpose of construction and operation, ensures maximum value and, in turn, contains the losses and liabilities of the investment. Throughout the document, the models of Project Finance and corporate credit were developed, showing results, from cash flows, IRR and WACC of the same project so that the investor can make decisions based on metrics according to their perspectives.Ítem El Project Finance y los bonos verdes como medio para el desarrollo de proyectos de energía renovable(Universidad EAFIT, 2019) Camacho Pulido, Wilmar; Cardona Salazar, Laura; González Ruiz, Juan DavidThis document aims to investigate the importance of Project Finance in renewable energy and the reasons that have led green bonds becoming an important tool for this leverage. In addition, the issuance of green bonds will be reviewed in relation to the type of issuer, the currency, the amount and the country of issuance, and a comparison with the traditional financing through Corporate Finance will be made.Ítem El Project Finance y los bonos verdes como medio para el desarrollo de proyectos de energía renovable(Arango Juan, 2019) Camacho Pulido, Wilmar; Cardona Salazar, Laura; González Ruiz, Juan DavidThis document aims to investigate the importance of Project Finance in renewable energy and the reasons that have led green bonds becoming an important tool for this leverage. In addition, the issuance of green bonds will be reviewed in relation to the type of issuer, the currency, the amount and the country of issuance, and a comparison with the traditional financing through Corporate Finance will be made.Ítem Project Finance, alternativa de financiación para la generación de energía geotérmica(Universidad EAFIT, 2020) Osorio Ospina, Sandra Marcela; Montes Castaño, Alejandro; Vergara Garavito, Judith Cecilia