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our project finance model will have to incorporate four events which are financial close construction construction completion and operations at the financial close the construction debt and equity become available for the drawdown and this is when we begin the construction of the renewable energy project during the construction period we draw on the construction debt and equity and we build our renewable energy asset at the construction completion we refinance our construction loan into the term loan and we begin our operations then during the operations period the project generates revenue incur operating costs repays the term loan and pays the dividends at the top of each sheet in our excel model we will have the end of period dates which will indicate the current periods end date our model will be a quarterly model therefore we will have the end of the quarter as the end of the period date then we will have a timeline which will indicate the stage we are at in our model whether it
