Azito, C$$te d$$Ivoire Case Study

$1.$ Provide a summary of the Azito project, including its significance and distinctive features

$2.$ Financing Structure

a$.$ With the aid of a diagram, describe the financing structure of the Azito project, detailing the sources of funding and the respective amounts.

b$.$ Analyse the role of the EPC, Fuel Supply and PPA contracts in risk mitigation

c$.$ Evaluate the impact of the International Development Association$$s $($IDA$)$ partial risk guarantee on attracting commercial lenders to the project

$3.$ Regulatory and Legal Framework

a$.$ Discuss the historical context of C$$te d$$Ivoire$\text{'}$s power sector, focusing on the transition from state$-$owned corporations to private concessions.

b$.$ Examine the legal issues faced during the Azito project negotiations, including the use of project assets for collateral, international arbitration availability, and cash$-$flow waterfall structuring.

$4.$ Country and Economic Risk

a$.$ Assess the country risk associated with C$$te d$$Ivoire$,$ considering its political and economic stability.

b$.$ Explore the impact of C$$te d$$Ivoire$\text{'}$s economic policies, growth, and debt restructuring on the confidence of project sponsors and lenders.

$5.$ Success Factors and Challenges

a$.$ Identify critical success factors that contributed to the Azito project's success, as outlined by John S$.$ Strong.

b$.$ Highlight unresolved issues that may influence future infrastructure projects in C$$te d$$Ivoire$,$ such as political pressure on electricity prices and gas supply management.