13–15 Jul · London 19–21 Oct · Johannesburg 3 Days Virtual / Classroom
About This Course
Course Overview
Tailored to the specific challenges power projects face in an emerging market environment, this course is heavily based on real case studies and lessons learned rather than theoretical concepts. It aims to zoom from big-picture context to quantitative and qualitative project-level details and back again — helping delegates understand the relationship between the two.
Each module is enriched by additional materials including financial models, sample loan contracts, online tools and video clips to analyse case studies. Ample time is dedicated to hands-on financial analysis and structuring of IPP projects, helping participants understand why projects have failed or been successfully realised across Africa, Asia, Latin America and the Middle East.
Participants also receive access to a shared cloud folder with in-depth background reports and supporting course material in electronic format. Available in English, Spanish, French and German.
Programme Content
Key Topics
01
Power Markets & Stakeholder Context
Current power market situation in emerging markets and key drivers
Subsidy traps, non-cost-reflective tariffs and transmission/distribution losses
Regional power pools, unbundling and privatization
Public tenders vs unsolicited proposals; motivations of key stakeholders
Levelised Cost of Electricity, PPA bid pricing and indexation challenges
02
Project Finance Principles & Risk Allocation
Capital stack and cash-flow waterfall: Senior to Subordinated Debt to Equity
Risk phases (development, construction, start-up, O&M) and trigger points
Construction, operational, fuel, off-take and country risk
Credit enhancement instruments and political risk insurance
Why projects fail: lessons from real IPP transactions
03
Financial Modelling & Term Sheets
Review and use a power project financial model
Cash sweeps, cash traps, dividend blockers and reserve account structures
DSCR, Loan Life and Project Life Cover Ratios (LLCR/PLCR)
Repayment structures: linear, annuity and debt sculpting
Analyse project finance term sheets for fuel and renewable projects
Project bonds, YieldCo structures and refinancing of commercial loans
04
IPP Case Studies
Oman Sohar 2 Gas IPP · Azura-Edo 461 MW Nigeria · Bujagali 250 MW hydro Uganda
Alto Sertão II 386 MW wind Brazil · Benban 50 MW solar Egypt · Sarulla 350 MW geothermal Indonesia · Nachtigal 420 MW hydro Cameroon
Lake Turkana 300 MW wind Kenya: the trouble of deemed energy payments
Cenpower Kpone Gas IPP Ghana: EPC contractor disputes
Mexico, Vietnam and South Africa: power sector reform and IPP procurement
Scatec Solar: business model and competitive mapping of IPP investors
Learning Outcomes
What You Will Learn
By the end of this course, you will be able to:
01Gain an overview of current power market conditions in emerging markets and their key drivers
02Understand the motivations of key stakeholders in independent power projects
03Identify, evaluate and allocate key risks across the IPP lifecycle (development, construction, start-up, operations and decommissioning) and reflect them in project finance structures
04Review and use a power project financial model; calculate DSCR and assess debt capacity, leverage and the impact on PPA tariffs and equity returns
05Analyse project finance term sheets for fuel-based and renewable IPPs, including conditions precedent, reserve accounts, security packages and hedging arrangements
06Assess revenue and PPA-related risks including curtailment, deemed energy, tariff indexation and currency convertibility, and understand what makes a PPA bankable
07Map and utilise credit-enhancement instruments and support facilities to help projects reach financial close
08Build knowledge through case studies from emerging market IPPs across Africa, Asia, Latin America and the Middle East
Dates & Pricing
Sessions & Fees
Available as virtual sessions (MS Teams / Zoom) and classroom. Also available in Spanish, French and German on request.
Dates
Time Zone
Format
Fee
13–15 Jul 2026
London (GMT) — 9 AM–3 PM
Virtual
£1,900 (+VAT if UK)
19–21 Oct 2026
Johannesburg (SAST) — 9 AM–3 PM
Virtual
£1,900
Classroom Sessions
Various cities — contact us
Classroom
£2,900
Target Audience
Who Should Attend
This course is designed for professionals involved in the development, financing, contracting or regulation of independent power projects in emerging markets.
Project Developers & Sponsors
Structuring and financing independent power projects
OEM, EPC & O&M Providers
Manufacturers, contractors and service providers in power
IPPs, Utilities & Grid Operators
Scaling power capacity in emerging markets
DFIs, ECAs, Lenders & Investors
Development finance institutions, commercial banks, private equity and institutional investors
Legal, Technical & Insurance Advisors
Advisors supporting IPP transactions and credit/insurance providers
Government & Regulators
Officials overseeing power sector policy in emerging markets
Oil & Gas / Petrochemical Executives
Executives engaging with power sector planning and off-take arrangements
Corporate Procurement & Business Development
Contract managers and business developers working on large-scale energy off-take
Common Questions
Frequently Asked Questions
What types of power projects does the course cover? +
The course covers gas, coal, hydro, wind, solar and geothermal IPPs in emerging markets, analysed through a portfolio of real case studies from Africa, Asia, Latin America and the Middle East — adapted to delegates' country and technology focus.
What are the 2026 session dates? +
Virtual sessions: 13–15 July 2026 (London GMT, 9 AM–3 PM); 19–21 October 2026 (Johannesburg SAST, 9 AM–3 PM). Classroom sessions available on request.
What is the course fee? +
Virtual sessions are £1,900 per delegate. Classroom sessions are £2,900 per delegate. UK-based sessions are subject to 20% VAT.
Does the course include financial modelling? +
Yes. Delegates review and use a power project financial model and analyse various term sheets for fuel-based and renewable power projects, with hands-on time dedicated to financial analysis and structuring.
Is the course available in other languages? +
Yes. This course is available in English, Spanish, French and German. Contact info@londonpetroacademy.co.uk for details on non-English sessions.
Can this course be delivered in-house? +
Yes. All London Petro Academy courses are available as fully customisable in-house programmes delivered at your premises or any location worldwide. Contact j.rogus@londonpetroacademy.co.uk for a tailored proposal.
All London Petro Academy courses are available as fully customised in-house programmes delivered at your premises, virtually, or at any location worldwide.
Complete the form — we'll confirm your place within one business day.
📋 Cancellation Policy
28+ days before course: Full refund or free transfer to another date.
14–27 days before course: 50% refund or free transfer to another date.
Less than 14 days: No refund. Transfer to another date at 25% fee.
Substitutions are accepted at any time at no charge.
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Independent Power Producers (IPPs): Project Finance & Bankability in Emerging Markets · 2026
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