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Energy and Project Finance: A promising future
As economies continue to seek private sector participation for developing infrastructure projects, banks and financial institutions continue to provide debt to fund such projects on a limited recourse basis. Project finance has developed as a very useful tool for funding infrastructure projects, particularly given the fact that banks and financial institutions are amenable to extending long-term repayment schedules for such projects. A long-term repayment schedule is often necessary given the tariff structures usually associated with off-take arrangements in project finance transactions.