Summary
Illustrations
Tables
List of Abbreviations
1. Introduction
2. Industrial projects
2.1. Characteristics of industrial projects
2.2. Project development
2.3 Investment phase
2.4 Operation phase
2.5 Drivers for realization of industrial projects
2.6 Economic evaluation of industrial projects
2.6.1. Static methods
2.6.2. Dynamic methods
2.6.3. Remaining uncertainty and sensitivity to key variables
2.7. Risk associated to industrial projects
3. Financing industrial projects
3.1. Sources of financial capital
3.2. Cost of financial capital
3.3. On balance sheet = corporate financing
3.4. Project finance = cash flow related lending
3.4.1. Stakeholders in project finance
3.4.2. Risk control in project financing
3.4.3. The security for debt capital in project finance
3.4.4. Further elements for the rating of creditworthiness and debt capacity
3.4.5. Cost of capital in project finance - WACC
3.5. Summary project financing
4. Institutional investors
4.1. Business model, function in society and the capital markets
4.2. Pension Plans and Pension Funding
4.2.1. Pension Plans
4.2.2. Pension Funding
4.3. Financials
4.3.1. Risk associated to defined contribution pension funds
4.3.2. Risk associated to defined benefit pension funds
4.3.3. Investment portfolio strategies of pension funds
4.4. Regulations
5. Case Study: The possible role of Pension Funds in financing a Fertilizer Project in Peru
5.1. The project
5.2. Investing in Peru
5.3. Potential Markets and Competitors
5.3.1. Market drivers and growth perspective
5.3.2. Product substitution
5.3.3. Competiveness
5.3.4. Product Price Volatility
5.4. Production Technology
5.5. Application of Project financing scheme
5.6. Motivation for the Pension Fund and possible participation
5.6.1. Peru’s Pension System
5.6.2. Regulation and the Pension Funds role in the Peruvian economy
5.6.3. Investment Portfolio of Peruvian Pension Funds
5.6.4. Outlook for the AFP future
5.7. Pension Funds role in project financing
5.8. Summary of Pension Funds role in project financing
6. References