Timing

This example calculates values annually, based on an assumption of a 33-year project agreement. The project starts at financial close and continues until the end of the operating period. The model assumes construction lasts three years and that the operating period continues for an additional 30 years. Construction is assumed to start April 1st, 2010, with the project agreement running to March 31st, 2043. Figure 1 below highlights the key dates.

Figure 1:  Key Dates