Fintish Advisors

TEV Studies and LIE Reports

Fintish Advisors – TEV Studies and LIE Reports

At Fintish Advisors, we specialize in delivering Techno-Economic Viability (TEV) Studies and Lender’s Independent Engineer (LIE) Reports to assist stakeholders in evaluating the feasibility and risks associated with projects. Our comprehensive analyses provide critical insights into technical feasibility, market potential, financial viability, and management capabilities, ensuring informed decision-making for lenders and investors.


Techno-Economic Viability (TEV) Studies

A TEV Study assesses both the technical and economic aspects of a project to determine its overall viability. This evaluation is crucial for lenders and investors to understand the degree of risk involved and to make informed financing decisions.

Key Components of Our TEV Studies:

  • Technical Feasibility:

    • Evaluation of available land and infrastructure suitability.

    • Assessment of existing capacity and technological requirements.

    • Availability of skilled manpower and other essential resources.

  • Market Potential:

    • Analysis of current and projected market scenarios.

    • Demand-supply assessment and competitive landscape evaluation.

    • Review of marketing infrastructure and strategies.

  • Financial Viability:

    • Projection of future cash flows and profitability.

    • Analysis of financial metrics such as Internal Rate of Return (IRR), Debt Service Coverage Ratio (DSCR), and Maximum Permissible Bank Finance (MPBF).

    • Sensitivity analysis to evaluate potential financial risks.

  • Management Capabilities:

    • Evaluation of the management team’s experience and ability to execute the project successfully.

  • SWOT Analysis:

    • Identification of Strengths, Weaknesses, Opportunities, and Threats to provide a holistic view of the project’s potential.


Lender’s Independent Engineer (LIE) Reports

An LIE Report involves a thorough technical due diligence conducted by an independent engineer appointed by the lender. This report ensures that the project’s technical aspects align with the financial model and contractual obligations, safeguarding the lender’s interests.

Scope of Our LIE Reports:

  • Project Cost Review:

    • Examination and validation of the project’s cost estimates to ensure reasonableness.

  • Contract Evaluation:

    • Assessment of contracts awarded, including analysis of liquidated damages and performance guarantees.

    • Verification of contract prices for fairness and market alignment.

  • Regulatory Compliance:

    • Review of necessary approvals, clearances, licenses, and permits required for construction and operation.

    • Confirmation of adherence to statutory and regulatory requirements.


At Fintish Advisors, our TEV Studies and LIE Reports are designed to provide stakeholders with a comprehensive understanding of a project’s viability and associated risks. Our meticulous approach ensures that lenders and investors have the critical information needed to make informed decisions, thereby facilitating successful project financing and execution.

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