The structure of the funding for the Project has been formulated in order to optimise the use of cashflow from the Project. Total Project Costs are projected to be US$2,116m which includes US$1billion for the Purchase Price.
The finance package for the Project is made up of the following facilities, plus a working capital facility that will not be syndicated.
Finance Facilities:
Facility |
Amount (US$'Million) |
Loan Term |
|
| Project Finance Facilities |
| Long Term Facility |
1,105.0 |
20 Years |
| Short Term Facility |
232 .0 |
5 Years |
| |
| Equity Bridge Facilities |
| Equity Bridge Facility |
440.5 |
5 Years |
Total |
1,777 . 5 |
|
In addition to these funds, the project will use funds that are received during the construction period from the continued operation of the Existing Assets and the early operation of units of the UAN Plant Extension, which come into commercial operation prior to Project Commercial Operation Date (“PCOD”).
Equity will be contributed to APC by the Sponsors in direct proportion to their relevant shareholdings which are as follows:
| ADWEA (via AUPC) |
60% |
 |
via ITM Investment Company |
| IPR |
20% |
| TEPCO |
14% |
| Mitsui |
6% |