Objective

To manage the project accounts such that funding repayment requirements, reserves, thresholds are satisfied and that the annual operating budget is set to ensure that this is achieved.

Major Deliverables

• Regular periodic reports on the funding position for the Power and Capture element for the project management team, funding bodies and investors

• Management of the funding requirements for the Power and Capture element taking into account the operation and maintenance budget and cash-flow requirements

• Annual Operating Accounts

• Regular, periodic reporting on project accounts.

• Satisfaction of funding repayments, reserve accounts and thresholds/quarterly and annual ratio tests

Tasks

Specific tasks include the following:

• Preparation and approval of annual operating accounts for the Power and Capture element of the project.  This will include statements for cash-flow, profit and loss and balance sheet for forecast values and out-turn actuals
• Establishment and maintenance of the various project accounts required for effective operation of the project and those that may be specifically required under the terms of the funding arrangements
• Prepare and submit necessary reports to the funding bodies and project equity holders in a timely and responsive manner. Typically some ratios need to be reported quarterly and some only annually
• Establish and ensure continued measurement of key parameters to ensure that the project remains within the terms of its lending covenants
• Ensure that the project is able to pay its operational suppliers within the terms of supply
• Manage the project working capital and liquidity requirements
• Continued liaison with the banking group to monitor repayment profile and future refinancings
• Development and monitoring of a treasury management plan and regular treasury management report to the Board

Examples

Key Personnel

• Project Manager
• Commercial work-stream lead
• Finance work-stream lead