Two pieces - Using the SPV model for PPP projects + Root cause analysis for the power crisis
akshayjaitly.substack.com
What happened to the SPV model in PPP projects? In my last column, I looked at removing equity lock-in restrictions to make the transfer of existing projects easier. Here, I look at a simple structure to reduce up-front risk in PPP projects - creating an SPV which contains key approvals and consents, contracts, land etc. within it and then selling the SPV to the winning bidder. This was used for the Ultra Mega Power Projects and potentially has other use cases, including for novel projects like offshore wind but also for complex, large projects like ports and airports.
Two pieces - Using the SPV model for PPP projects + Root cause analysis for the power crisis
Two pieces - Using the SPV model for PPP…
Two pieces - Using the SPV model for PPP projects + Root cause analysis for the power crisis
What happened to the SPV model in PPP projects? In my last column, I looked at removing equity lock-in restrictions to make the transfer of existing projects easier. Here, I look at a simple structure to reduce up-front risk in PPP projects - creating an SPV which contains key approvals and consents, contracts, land etc. within it and then selling the SPV to the winning bidder. This was used for the Ultra Mega Power Projects and potentially has other use cases, including for novel projects like offshore wind but also for complex, large projects like ports and airports.