Note: this is a course description from a previous semester. The Spring 2014 description will be updated as soon as it is available.
COURSE NUMBER: EWMBA 217-11
This course is cross listed with the FT MBA.
COURSE TITLE: Energy and
Infrastructure Project Finance (Section 1)
UNITS OF CREDIT: 1 Unit
INSTRUCTOR: Allan T. Marks
E-MAIL ADDRESS: marks@haas.berkeley.edu
CLASS WEB PAGE LOCATION
(HTTP URL):
MEETING DAY(S)/TIME: Sundays 2/23 & 3/2, 9:00AM-5:00PM
PREREQUISITE(S): Completion of EWMBA Core
Curriculum
CLASS FORMAT: Lecture
REQUIRED READINGS: Benjamin C. Esty, Modern
Project Finance: A Casebook (Wiley, 2003)
BASIS FOR FINAL GRADE: Final Exam
ABSTRACT OF COURSE'S
CONTENT AND OBJECTIVES:
This course will explore the key commercial, legal, economic and policy issues
affecting the development and financing of infrastructure projects, with
special emphasis on practicalconcerns related to investments in
alternative energy and other power generation facilities. Many of these topics
will be raised in the context of comparative, real-world case studies of
different types of energy and infrastructure projects.
This course will explore the key commercial, legal, economic and
policy issues affecting the development and financing of infrastructure
projects, with special emphasis on practical concerns related to investments in
alternative energy and other power generation facilities. Many of these topics
will be raised in the context of comparative, real-world case studies of
different types of energy and infrastructure projects.
By the end of the course, within the specific context of
mobilizing capital to meet the growing demand for clean power and critical
infrastructure, students should gain an understanding of the following general
concepts:
· how commercial
and financial interests, regulation, private contracts and market factors
dynamically interrelate;
· how to optimize/analyze
financing structures, leverage and investor return;
· how various
project risks are identified, allocated, mitigated and priced, and the roles of
contracts, hedges and insurance products in managing risk;
· how regulatory
incentives and public policy choices either curtail or facilitate particular
investment opportunities, often in unintended ways; and
· how finance
plays a role in moving new energy technologies from lab to market, from
small-scale deployments to large-scale, and across national borders.
BIOGRAPHICAL SKETCH:
Allan Marks is a partner in the Global Project Finance Department of Milbank,
Tweed, Hadley & McCloy LLP and is based in the Firm's Los
Angeles office. As part of a broad corporate and finance practice, he has
represented companies involved in power, oil and gas, transportation,
telecommunications, technology, real estate, and other industries.
Mr. Marks routinely represents developers, investors, lenders, and underwriters
in the development and financing of complex infrastructure projects worldwide,
with special expertise in the energy, telecommunications and transportation
sectors. He has participated in numerous project financings, acquisitions,
restructurings, securities offerings and private placements for a variety of
sophisticated institutional clients. He speaks and publishes frequently on
cross-border financing issues, infrastructure investments, deregulation and
emerging markets. Mr. Marks has worked on transactions throughout Asia, Europe
and the Americas. Allan Marks is an adjunct lecturer at University of
California Berkeley School of Law.