Bechtel plays a role in developing and financing select projects
In addition to building some of the world's modern marvels, Bechtel plays a role in developing and financing projects in the fossil-power and civil-infrastructure markets through Bechtel Enterprises (BEn). Since 1985, BEn has led or participated in the development and/or financing of over 88 projects around the globe* both directly and through joint-development companies, such as Intergen. These projects represent $73 billion of capital investment. Bechtel has also arranged more than $38 billion of international project financing.
* Securities services provided by Bechtel Financing Services, LLC, a broker-dealer registered under the Securities Exchange Act of 1934, as amended, and a member of the Financial Industry Regulatory Authority.
- Financial analysis and engineering
- Development funding
- Equity capital
- Access to other sources of capital through our strong relationships with lenders and investors.
Public-Private Partnerships (PPP/P3)
Bechtel has a dedicated business line to serve customers who procure large projects using the Public-Private Partnership (PPP/P3) model. Through the PPP model, certain risks are transferred from the government to the private sector which can create efficiencies around capital, financing, and operating and maintenance costs.
A local real estate developer originated the Stonewall Project as a combined power plant and data center project in Northern Virginia. After initiating development, he approached Bechtel for help to move the project into advanced development. In partnership with the local developer, BEn provided the development capital and led the permitting and development of the combined cycle power project. Milestones achieved included securing the air permit, executing the water supply agreement, securing county and state approvals, completing the electric interconnection process, and selecting the long term equity partner. BEn later sold a majority interest in the project to Panda Power Funds, who then completed the development with our support, and closed financing within 2-1/2 years from Bechtel's initial entry to the project. Image courtesy of Panda Power Funds.
Advanced Power, an independent power developer approached BEn to help advance a 700 MW Ohio combined cycle project. We formed a partnership where BEn provided development capital and supported their development team. Bechtel also provided technical support to the development effort and entered into a fully-wrapped, lump-sum turnkey EPC contract that was instrumental to raising project debt and equity. Advanced Power closed on the project financing within 10 months after forming the development partnership.