Maintained Availability™

Typically, within every major capital project or large asset acquisition, there are three principal risks; financing, commercial/market, and operational.

When a project developer considers the technology that they wish to deploy, often, evidencing the performance of the technology is overlooked until finance is required. Then the historical track record of the technology and the evidence of the continued operational hours are critical for the debt provider to assess the financing risk and be assured that the debt service will be maintained. However, what has caused issues and, in many cases, transactions to flounder has been the debate on who should take the operational risk of any new project or asset acquisition.

Maintained Availability™ provides an opportunity for a third party to ‘guarantee’ this operational risk.

This is done by way of a risk mitigation instrument facilitated by Allied via an insurance-based product that provides a level of financial support to a project’s senior debt should the technology, process, operation or maintenance fail to provide the agreed level of availability to service the senior debt in accordance to the approved project cash-flows - due to under-performance (A non-physical damage event).

This service is available to the project developer seeking to resolve their funding delay caused by the issue of performance guarantees currently provided by the technology manufacturer that may be required by the debt provider and or the EPC Contractor being expended to take this risk and the technology manufacturer seeking to offer a solution to their clients,