Browsing by Subject "Project finance"
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Item A Tool for the Analysis of Real Options in Sustainability Improvement Projects(2012-10-19) Boonchanta, NaponThe major challenges in sustainable implementation are the financial issue and uncertainties. The traditional financial budgeting approach that is commonly used to evaluate sustainable projects normally neglects future decisions that might need to be made over the course of a project. The real options approach has been suggested as a tool for strategic decision making because it can provide flexibility which can increase the project value. Researchers have been trying to identify the potential of the real options approach, and provide the frameworks for a real options evaluation and flexible strategy in sustainability improvement. However, some important variables and financial impacts explanation of real options are missing. Models can be improved to show the variation of possible project values along with its behavior. This work aims to improve the real options model in sustainable projects to provide understanding about the financial impacts of flexible strategy to sustainable improvement projects and to be used as a tool to assist decision making. The results showed that real options can have a positive financial impact to the project. The extension of this model can assist the analysis and development of decision policies.Item Project finance : structure of project development from concept to operations(2012-05) Aryamane, Prasad Chandrakant; Duvic, Robert Conrad, 1947-; Bagchi, UttarayanWith recent developments in the field of renewable power, it seems that we are ready to make a leap from wishing for a sustainable energy source to actually developing systems within the current political-economic framework to develop Solar Energy as a viable renewable energy source. In this thesis, I plan to study the path of development from concept to operations of a typical utility grade solar power plant, applying knowledge and experience of Engineering-Management developed over the course of my professional career. Project finance thrives on the ability of the Company to eliminate exposures to risks as much as possible. Risks associated with project finance exist in the implementation, construction and operational phase, with the various stakeholders liable for the various elements. In essence, the basis of project finance is management of risk and its assignment to appropriate stakeholder in order to avoid incurring liability, through contractual agreements.