they may find the project eligible for free or very cheap financing to fund the preparatory work. It should be noted that no mention has been made of foreign currency risk which is normally of major concern in a project financing. This is partly due to lack of detailed information on the exact location and expenditure of the project and partly due to the project’s ability to earn in several currencies by supplying electricity to different countries. The possibilities for currency matching are therefore exceptional. CONCLUSIONS We have seen that the project by its complexity, its size and its transnational nature has a high risk content but has at the same time perhaps a certain attraction for a wide range of potential suppliers of funds. It will be necessary to structure a financial plan which caters for the specific financial needs of the project whilst minimising the cost of funds by optimising the use of available finance and security. There is clearly a need to seek the services of a financial adviser experienced in financing various types of large projects internationally and who is in everyday contact with the world financial markets. The appointment of such a recognised and reputable financial adviser will also serve to reassure lenders.
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