Completion

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Completion

In the context of project financing, occurs after a Completion Test, when the project's cash flows become the primary method of repayment. Prior to completion, the primary source of repayment is usually from the sponsors or from the turnkey contractor.

Completion

In project finance, the time at which a project has been finished, functions, and is generating enough revenue such that its cash flows become the primary way the project is repaying debt. Completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps and finance the construction though bonds. Completion occurs when the oil pumps are completed and are working, and the cash flows generated by the oil are repaying the bonds. See also: Sales Completion, Physical Completion.
References in periodicals archive ?
The project marked AAC's first Boeing 787-8 model aircraft completion and the firm's eighth wide-body completion project.
For 2015, total well completions decreased 35 percent overall compared to 2014 levels.
This is a great technology solution enabling increasingly longer openhole completions.
Sierra Completions serves private sector V-VIPs and Heads of State, modifying jet interiors to create an office in the sky.
We are excited about the potential for growth on the Sierra Completions horizon, remarked Jon Burgoyne, president of Sierra Completions.
Under the contract, Omega has the right to deliver its unique ReACT Technology (Remotely Activated Completion Technology) to all Statoil assets in the Norwegian continental shelf, totalling 35.
Kraft stated: Hendrik has an excellent performance record in the completions and maintenance business, with well-established industry connections and a proven ability to consistently provide high-quality customer care while delivering well-managed projects on time.
Jet Aviation Basel has appointed Hendrik Janssen as director of Completion Sales and Market Development.
They are a trusted and innovative team member on interior completions and we look forward to working with C in support of their first 787 BBJ interior completion.
[UKPRwire, Thu Jul 25 2019] The purpose of this MRH research study titled Global Horizontal Completions Market Size, Status and Forecast 2019-2025 is to enlighten the readers about the Horizontal Completions Market with a stern focus on the development trends and opportunities projected for future years.
There is still much debate surrounding optimizing completions designs, and methods to cost-effectively increase productivity and efficiency whilst understanding and overcoming the challenges posed by complex Parent-Child well relationships.
There were 20,255 new build homes completed across all sectors over the year ending December 2018, an increase of 15%, or 2,669 homes, on the previous year, and the highest number of annual completions since 2008.