June 2002
Beginner
344 pages
11h 7m
English
Content preview from Principles of Project Finance
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notional principal amount The
amount of debt that is the subject of
an interest rate swap. See §9.2.1
NPV Net Present Value, the dis-
counted present value of a stream of
future cash flows. See §12.8.1
NTP Notice to Proceed, a notice
from the Project Company to the
EPC Contractor to begin the project
works. See §7.1.2
O&M Operation and maintenance
O&M Contract Operation & Main-
tenance Contract, a Project Contract
to operate and maintain the project
on behalf of the Project Company.
See §7.2; §8.7.2
O&M Contractor The contractor
under the O&M Contract.
OECD Organisation for Economic
Co-operation and Development.
OECD Consensus An agreement
under the ægis of OECD to regulate
credit terms offered by ECAs. See
§11.3.2
Offtake Contract A Project Agree-
ment under which ...
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