COURSE
NUMBER: MBA217.12
This course is cross-listed with the
EWMBA Program
COURSE
TITLE: Energy and Infrastructure Project Finance (Part 2)
UNITS
OF CREDIT: 1 Unit
INSTRUCTOR:
Sheldon Kimber
E-MAIL
ADDRESS: sheldon.kimber@recurrentenergy.com
CLASS
WEB PAGE LOCATION: http://bspace.berkeley.edu
MEETING
DAY(S)/TIME: Sundays, 9:00 AM – 5:00 PM
Please
note the unusual format of this course, which meets all day on two Sundays (April
14 and April 21). You must attend both sessions in their entirety in order to
earn a passing grade.
PREREQUISITE(S):
Experience with financial
modeling in Microsoft Excel. An understanding of basic financial math - IRR, NPV and the time
value of money. Some background in economics or corporate finance
particularly within the electric power or energy industries
CLASS
FORMAT: The class will consist of a mixture of
case work/discussion, in class modeling exercises and conclude with a team
project.
REQUIRED
READINGS: The class will rely on two texts as
well as case materials and handouts provided in class. The texts
are John D. Finnerty, Project Financing: Asset
Based Financial Engineering (2nd edition, Wiley, 2007) and Benjamin C. Esty, Modern Project Finance: A Casebook (Wiley,
2003).
BASIS
FOR FINAL GRADE:
The final grade will be based upon the student’s
participation in case discussions, their performance on in class quizzes and
their performance on the team case presentation.
This
course compliments the course Energy and Infrastructure – Project Finance (Part
1). Where the first part of this offering will focus on the legal and risk
framework for project financings, Part 2 will be devoted to the financial and
quantitative aspects of project finance. This includes: project financing as
part of the capital markets (i.e. sources of project finance), optimizing the
capital structure of project financed assets, project level modeling, the
lifecycle of a project financing deal, interaction between project finance and
project development and the application of these and other concepts to a case
problem.
BIOGRAPHICAL
SKETCH:
Sheldon Kimber is
the Chief Operating Officer of Recurrent Energy. He has over a decade of
experience in energy finance and development. He leads all North American
project development and origination activities and oversees all aspects of
project engineering and execution for Recurrent Energy. Formerly the vice
president of finance at Recurrent Energy, Sheldon was instrumental in
developing and negotiating the company’s existing projects, fund raising
efforts, and joint venture agreements. Previously, he spent five years at
Calpine, working on gas-fired power projects and power purchase agreements with
large energy customers. He also worked as an investment banker for industrial
and natural resource companies at Goldman Sachs, and in Accenture’s strategy
consulting practice, specializing in power price forecasting and asset
valuation projects for utility clients. Sheldon holds an MBA from UC Berkeley’s
Haas School of Business and a BA in Economics from Kenyon College.