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MBA
International Project Finance
Unit 8: Project cashflow models
Using the Base Case cashflow model, create each sensitivity test
described in Unit 8 of the course module. Note the effect on the
project cashflows, control ratios (DSCR & LLCR), project and
investors' returns and the loan repayment date.
You can generate each sensitivity test using the Base Case Model.
Examples of each of those sensitivity cases is available using the
links opposite.
Sensitivity
tests cases - results
Table
of results
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Base
Case
Base Case model
Sensitivity test cases
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Electricity
offtake tariff reduced by 10% from year 6 |
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Incomplete
fuel costs passthrough with costs 20% higher from year 6 |
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Electricity
offtake tariff increased by 8% from year 6 |
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Interest
rates increased by 4%pa from period 9 |
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FX
rates on equipment procurement increase by 15% |
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Construction
delay of 6 months following a fire. Additional costs US$104m |
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Construction
delay - insurance payout to restore economic damage |
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Worst
case - example
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