ECONOMIC ANDFINANCIALCONSULTANCY FORENERGY PROJECTS

WWW.RAMBOLL.COM

ECONOMIC AND FINANCIALCONSULTANCY FOR ENERGY &INFRASTRUCTURE PROJECTSRAMBOLL ENSURES HIGH END CUSTOMER VALUETHROUGH STRONG COMPETENCES AND WORLDCLASS RESULTSThe global energy market currentlyexperiences major changes drivenby factors such as opening of freemarkets, supply-security concern,and the deployment of renewableenergy. Ramboll Oil & Gas plays a key rolein helping a long list of prominentclients worldwide to makebetter choices by bridging betweenthe various project stakeholders. The combination of economic andtechnical know-how enablesRamboll to evaluate a wide rangeof energy and infrastructure relatedprojects over the entire value chainto actual implementation. The projects are being executed inclose collaboration between oureconomists and financial specialistsand the client, which fosters tailor-made solutions for specificconditions. 

From ideas to tangible projects

At the early stages Rambolltransforms ideas into tangibleprojects through conductingdetailed market analyses; cost/benefit analyses and regulatoryanalyses. This gives the clientthe opportunity to prioritise the

alternatives and gain a thoroughinsight into the key challenges ofthe project. Ramboll´s analysis of thedevelopment and trends of theenergy sector in the specificcountry or region is the key issue toestablish relevant scenarios andevaluate possible outcomes. Theanalysis sets boundaries andidentifies the key parameters for thetechnical development, projectconcept and for economic andfinancial analysis. The economic analysis identifies thecost effectiveness of the projectand potential economic returns.Ramboll conducts cost benefitanalyses to demonstrate that aproject contributes positively to thesociety as a whole.

Preparing for investment decision

As the Final Investment Decision(FID) approaches, Ramboll´seconomists take the analysis onestep further, encompassing moredetails and supported by a numberof analytical tools. The objective isto ensure that the investor is able toachieve a satisfactory returncompared to the risk taken. 

Ramboll conducts quantitativeresearch via complete financialmodeling of the asset and itssurrounding structure as well as theother computational techniquesthat provide two main evaluationcriteria: costs required and value tobe obtained. The development of the businessplan reflects the full range oforganisational, technical,commercial and financial aspectsassociated with the project. It isusually a result of a detailedfeasibility study in combination withthorough risk assessment, andanalysis of tariff structure, priceforecasts and funding analysis.

Commercial deployment

As the project materialises into areal asset, the investor needs totake a number of decisions in orderto harvest the value from theinvestment as estimated. Ramboll provides advisory servicein connection with project/assetorganisational and ownershipstructure for development ofstrategic infrastructure investments. These services include assessmentof the relative advantages of

various ownership forms includingestablishment of dedicated SpecialPurpose Vehicles (SPVs) andrelated implications for projectfinancing and procurement. Ramboll provides expertconsultancy in connection with thefull range of procurement andfinancing options, from traditionalprocurement/balance sheetfinancing to various Public PrivatePartnership (PPP), joint venturearrangements and related projectfinance solutions.  

Project management

At Ramboll, we take a holistic andtailored approach towards projectmanagement. Our goal is toorganise human resources so thatevery project is completed withinthe quality, time and budgetaryconstraints agreed upon with ourclients. At any stage correspondingdecision gates are included in orderto ensure that project owners canbase their timely decisions onsufficient information. 

Selected references

• Socio-economic analysis of thepotential cost and benefits of the

natural gas connection to theNorwegian up-stream system forthe Danish gas TSO

 • Gas market analysis, portfolio

strategy and peer group review forSwedish utility

 • Security of supply analysis for the

Danish and Swedish natural gassystem

 • Gas sector analyses for the Baltic

Energy Market Interconnector Planto ensure security of gas supply inthe region

 • Development of market

regulations to improve operationand competitiveness of the market

 • Study of issues related to energy

security including geopolitics,economic/regulatory and technicaldesign of energy markets in- andoutside EU

 • Financial Due Diligence for private

sector investors and financinginstitutions in connection withstrategic energy and utilityinfrastructure projects

 

About Ramboll

Ramboll Oil & Gas is a business unitof the Ramboll Group, a leadingEuropean engineering consultancyemploying close to 10,000 highlyqualified experts with a strongpresence in Northern Europe,Russia, India and the Middle East.As a knowledge based company,our most important asset is humanresources and our know-how. Withmore than 200 offices in 19countries, we emphasise localexperience combined with a globalknowledge base. Ramboll´s experienced economistsand financial specialists have broadexperience in financial modeling,business planning, feasibilitystudies, tariff structure advisory,price forecasts, funding analysis andtechnical and financial duediligence.  

Contact

Per JørgensenDepartment Director, Studies Ramboll Oil & GasEmail: pej@ramboll.com 

ECONOMIC & FINANCIAL SERVICES  Strong competencesand a drive to deliverworld class resultsensure high endcustomer value  

 EARLY STAGE• Market analysis• Cost/benefit analysis• Policy studies• Portfolio strategyINVESTMENT DECISIONS• Due diligence support• Financial modeling• Commercial feasibility study 

• Tariff structure• Funding analysis• Financial/commercial risk assessment• Project ownership/organizational arrangements• Procurement support/advisoryDEPLOYMENT• Business plans/models• Portfolio model/tools• Sourcing assistance• Project management