COURSE NUMBER: EWMBA 217-11
This course is cross listed with the FT MBA.

NOTE: EW217-11 and EW217-12 are two separate and independent courses.  You can enroll in one, the other, or both.

COURSE TITLE: Energy and Infrastructure Project Finance

UNITS OF CREDIT: 1 Unit

INSTRUCTOR: Allan T. Marks

E-MAIL ADDRESS: marks@haas.berkeley.edu

CLASS WEB PAGE LOCATION (HTTP URL):

PREREQUISITE(S): Completion of EWMBA Core Curriculum

MEETING DAY(S)/TIME: The course will meet over 2 Sundays: 3/12 and 3/19 9AM-5PM.

Please note the unusual format of this course, which meets all day on two Sundays (TBD).  You must attend both sessions in their entirety in order to earn a passing grade.

CLASS FORMAT: Lecture

REQUIRED READINGS: Benjamin C. Esty, Modern Project Finance: A Casebook (Wiley, 2004)

BASIS FOR FINAL GRADE: Final Exam

SAMPLE SYLLABUS: bCourses Electives Forum

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 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.
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.

CAREER FIELD: This course could be useful for MBA students looking to work in the energy, transportation, natural resources or infrastructure sectors, and in the fields of corporate finance, commercial or investment, banking, economics, corporate strategy, management, project development, regulation, public policy or tax.

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.