thanks for the comments, I suddenly have a good feeling re all...

thanks for the comments, I suddenly have a good feeling re all this

1) let us say the build finance is simply an instrument to facilitate the build and MPR pay whatever the going interest rate is (assuming it does not wipe out the profit from the power purchase agreement); this means big capital is not needed to build

2) it appears MPR will do the build and be paid (by themselves ) whatever the market rate is for the engineering and build; so MPR makes profit as they build

3) there may be partners (per BOO project), I guess, that can come in and be part financiers / owners and profit sharers

The reason these points make me happy, is MPR can be profitable from day 1. It is not scratch for cash and hope to become cash flow positive sometime in the distant future.

The other thing that makes me happy is MPR has the skill set in place and experienced to build the BOO.

The only downside: it is a long time before we see payment coming in for an operating BOO (is 9 months a long time?). But we are certainly off the starters mark.