Question one
Elcogas is an entire financing project that is expected to become limited after the construction stage. In this project, the lenders such as banks needed a guarantee from the guarantors because the gasification of coal technology was being applied for the first time in a power plant. Additionally, the lenders also wanted a change of law to protect them against the variations in the way the state determines the tariffs of electricity. Regarding the financial arrangements, the project had 35 lenders that include large and small banks in Spain, France, Germany, and the United Kingdom (Elcogas Case Study, 2016). ...
