IPIA was formed in February 2004, as a revival of the highly
effective International Private Energy Association (IPEA) of
the 1990’s. The impetus for forming IPIA is to address the $60
billion global decline since 1997 in annual private capital
invested in developing economy infrastructure.
During the past year, IPIA’s team of leading project finance
attorneys, consultants and investment bankers have analyzed
the causes and studied proposed solutions. The IPIA Payment
Contingency Fund (PCF) concept resulted from this process.
IPIA believes PCF offers potential to reverse the declining
trend in emerging economy private infrastructure by
guaranteeing debt servicing and continuing operations in the
event of nonpayment in full under the offtaker agreements.
IPIA manages the structuring, establishment, capitalization,
and administration of country wide and project based Payment
Contingency Funds to enable financing of infrastructure
projects in developing economies.
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