COURSE NUMBER: MBA 212C.11

COURSE TITLE: Modeling for Energy and Infrastructure Project Finance

UNITS OF CREDIT: 1 Unit

INSTRUCTOR:  Matt Rogers

E-MAIL ADDRESS: matt_rogers@mckinsey.com

CLASS WEB PAGE LOCATION: bCourses

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

PREREQUISITE(S):

Familiarity with core finance and accounting concepts will be assumed throughout the class.

CLASS FORMAT: The class will consist of a mixture of case work/discussion, in class modeling exercises and conclude with a team presentation of case solutions to the class.

REQUIRED READINGS: The class will rely primarily on case materials and handouts provided in class.

BASIS FOR FINAL GRADE:

The final grade will be based upon the student’s participation in case discussions and their performance on the team case presentation.

CAREER FIELD:

This course will be relevant for students pursuing a career in energy or infrastructure finance and/or development.

This course will be useful for students pursuing careers in entrepreneurship, especially entrepreneurship within energy related or other asset intensive industries.

This course will be useful for students pursuing careers in finance, especially banking, private equity and other financial services within asset intensive industries (energy, resources, real estate, etc).

ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES:

This course will be devoted to the financial and quantitative aspects of project finance. In addition to this, we will spend time discussing energy/infrastructure project development as it relates to financing and completing projects. Finally, we devote some class time to discussion of entrepreneurship in energy and resource industries. 

Topics include: 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, interaction between project finance and project development, entrepreneurship in energy and the application of all concepts to a case problem.

BIOGRAPHICAL SKETCH:

Matt Rogers has over 30 years experience in energy finance, strategy, and development. Currently, he is a senior partner at McKinsey where, over time, he has led the Firm’s Power, Petroleum, and Sustainability practices. He has had the opportunity to serve clients around the world, helping them select, develop, and operate attractive projects.

From 2009-2010, Matt left McKinsey and served as the Senior Advisor to the US Secretary of Energy. There he managed the $36.2B Recovery Act program (and $60B in loan guarantees), reviewing some 30,000 clean energy projects and funding 5,000 across the country, including some of the largest solar, wind, and clean transportation manufacturing projects ever developed in the US.

Matt’s book Resource Revolution: Capturing the Biggest Business Opportunity in 100 years was published in April 2014. In Resource Revolution Matt and his co-author Stefan Heck argue that the combination of information technology with industrial technology is changing the way we produce and use natural resources, restructuring energy, agriculture, transportation markets globally. He spends a good deal of his time engaging Boards and governments around the world on the market disruptions driven by the energy transition now underway.

After earning an undergraduate degree, magna cum laude, at Princeton, Matt started his career in New York as an investment banking analyst, including completing the first sale leaseback of a nuclear power plant in the US. He holds an MBA from the Yale School of Management.

Matt is a member of the Council on Foreign Relations and the National Petroleum Council. He previously served on the Secretary of Energy’s Advisory Board.