COURSE NUMBER: MBA 237.11

This course is cross- listed with EWMBA and Law

COURSE TITLE: Financing Energy and Infrastructure Projects 1

UNITS OF CREDIT: 1 Unit

INSTRUCTOR: Allan T. Marks

E-MAIL ADDRESS: amarks@milbank.com

CLASS WEB PAGE LOCATION (HTTP URL):

MEETING DAY(S)/TIME: Sunday, 9-5pm, Jan 30 & Feb 27

PREREQUISITE(S): None.

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 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.

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.