News 2006
- 12-2006 Guacolda Achieves USD 390 Million Project Finance Loan with Vair
- 08-2006 Vair Advisory signs third contract with Chilean IPP, Guacolda
- 08-2006 Vair Financial Master Course at First Bank of Nigeria PLC
- 08-2006 Vair Financial Master Course at Nord LB
- 07-2006 Vair Advisory obtains Advisory role in development of Hydro Generation Facility
- 07-2006 Vair Advisory Inks Second Advisory Contract
- 06-2006 Vair Training Courses in Toronto, Houston and Mexico City
GUACOLDA ACHIEVES USD 390 MILLION PROJECT FINANCE LOAN WITH VAIR
12-2006
Vair Advisory, LLC served as financial advisor to Chilean power generation company, Empresa Electrica Guacolda, for its USD 390 million, 15-year project financing. The loan will finance the construction and operation of a new 152 MW capacity expansion as well as refinance debt associated with the existing 304 MW coal-fired power plant. The power will be sold pursuant to long term contracts to the distribution companies of Endesa and CGE, as well as large mining operations.
VAIR ADVISORY SIGNS THIRD CONTRACT WITH CHILEAN IPP, GUACOLDA
08-2006
Today Vair Advisory announced that the Chilean Independent Power Producer, Electrica Guacolda, had retained the firm for the third time in 2006.
Founded in 1992, Electrica Guacolda currently generates 304 MW of power from two units located 420 miles north of the Santiago, Chile. Since 1995 Electrica Guacolda has benefited from the increasing Chilean demand for electricity which has risen at an annual rate of 7.6%.
Earlier this year Guacolda retained Vair Advisory to model various expansion scenarios to better meet this increasing demand. Now Guacolda has retained Vair Advisory to assist in the negotiations with various financial institutions on the proper financial structure to construct new generation capacity.
Vair Advisory is part of The Vair Companies and provides project development and financial services for private companies, financing institutions, or governments contemplating international infrastructure and asset development projects.
Electrica Guacolda S.A. is a Limited Liability Corporation constituted on April 2, 1992 whose objective is to guarantee the electrical supply in the Northern sector of the Interconnected Central System (SIC). The company is owned by AES Gener (50%), Copec (25%) and Inversiones Ultraterra Ltda. (25%).
VAIR FINANCIAL MASTER COURSE AT FIRST BANK OF NIGERIA PLC
08-2006
The largest finance group in Nigeria, First Bank of Nigeria Plc, has retained Vair Training to conduct the Vair Financial Master Course on site in their headquarters in Nigeria.
The course strongly emphasizes the interrelated commercial, technical and analytical aspects of project finance and uses the same techniques employed by Vair Advisory professionals in their financial advisory work.
First Bank of Nigeria Plc has over a 100 years of history and plays a major role in the economic advancement and development of Nigeria. Other group members include: -FBN Bank (UK) Limited -FBN Insurance Brokers Limited -FBN Mortgages Ltd -First Dependants Limited -First Funds Nigeria Limited -First Pension Funds Custodian Limited (Custodian Services) -First Registrars Nigeria Limited -First Trustees Nigeria Limited (Trusteeship Services).
VAIR FINANCIAL MASTER COURSE AT NORD LB
08-2006
Nord LB has retained Vair Training to conduct the Vair Financial Master Course for their junior analyst team. The course strongly emphasizes the interrelated commercial, technical and analytical aspects of project finance and uses the same techniques employed by Vair Advisory professionals in their financial advisory work.
VAIR ADVISORY OBTAINS ADVISORY ROLE IN DEVELOPMENT OF HYDRO GENERATION FACILITY
07-2006
Today Vair Advisory reached an agreement with the Northwest Territories Energy Corporation (NWTEC) to serve in an advisory role in the development of the Talston hydro generation facility. Vair Advisory is part of The Vair Companies and provides project development and financial services for private companies, financing institutions, or governments contemplating international infrastructure and asset development projects.
The NWT Energy Corporation (2003) Ltd. is a subsidiary of the Northwest Territories Power Corporation (NTPC). The Energy Corporation is presently being managed out of the office of the Chairman of NTPC, and is working specifically on several potential NWT hydroelectricity developments. One development is the expansion of the Taltson hydro generation facility that is being progressed in partnership with the Akaitcho Regional Investment Corporation and the South Slave Métis Economic Corporation.
VAIR ADVISORY INKS SECOND ADVISORY CONTRACT
07-2006
Today Vair Advisory announced that the Chilean Independent Power Producer, Electrica Guacolda, had retained the firm for the second time in 2006. Founded in 1992, Electrica Guacolda currently generates 304 MW of power from two units located 420 miles north of the Santiago, Chile. Since 1995 Electrica Guacolda has benefited from the increasing Chilean demand for electricity which has risen at an annual rate of 7.6%. Earlier this year Guacolda retained Vair Advisory to model various expansion scenarios to better meet this increasing demand. Now Guacolda has retained Vair Advisory to advise in selecting the proper financial structure to construct new generation capacity.
Vair Advisory is part of The Vair Companies and provides project development and financial services for private companies, financing institutions, orgovernments contemplating international infrastructure and asset development projects.
Electrica Guacolda S.A. is a Limited Liability Corporation constituted on April 2, 1992 whose objective is to guarantee the electrical supply in the Northern sector of the Interconnected Central System (SIC). The company is owned by AES Gener (50%), Copec (25%) and Inversiones Ultraterra Ltda. (25%).
VAIR TRAINING COURSES IN TORONTO, HOUSTON AND MEXICO CITY
06-2006
Vair Training announced the Fall, 2006 Financial Master Course locations. Financial modeling expert, Chip Haskell, will guide the five-day courses in three locations across the North American continent this year. The first course is in Toronto, Canada's financial capital, from October 2-6, 2006. The second is in Houston from October 30 - November 3. The final course for the year is in Mexico City from December 4 - 8, 2006.
The first module of the class is Creating Financial Statements and Analysis with Excel, a two-day overview designed to show participants how financial models guide commercial discussions. The second module is Advanced Financial Modeling for Project Finance and it focuses uniquely on project finance and its related modeling issues.
Chip Haskell has been teaching this course for several years now using many of the skills he uses in his Vair Advisory consulting role. He explained, "This is NOT a PowerPoint course. Our participants build a complex financial model from scratch using a suite of actual project documents. From there, we learn how financial models guide complex project finance negotiations. After all, in a project finance scenario, you have to make the right assumptions and link them all together in a way that allows bankers, lenders, and equity holders the chance to understand how much risk is involved and how to price that risk accordingly. I use these same skills with my actual clients."
