@article {Dymond29, author = {Christopher M Dymond and Ilse Pineda}, title = {Brazilian Power Project Finance}, volume = {7}, number = {1}, pages = {29--34}, year = {2001}, doi = {10.3905/jsf.2001.320242}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Although the consensus view for the Brazilian project finance market is positive, significant challenges remain to be overcome before the sector can reach its true potential. As an inflation-fighting measure, the Real Plan of 1994 prohibits some contractual structures that normally would be used to deal with a mismatch between local currency revenues and dollar-denominated obligations. There are also capital registration requirements and limitations on the establishment of offshore or dollar-denominated accounts, granting of security interests to lenders, offshore pledges of shares, and dividend remittances. The key to an efficient deal execution today is in understanding the details of these limitations and tailoring each individual transaction to work within them.}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/7/1/29}, eprint = {https://jsf.pm-research.com/content/7/1/29.full.pdf}, journal = {The Journal of Structured Finance} }