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4th Renewable Energy Finance Forum - India

Date: 24 May 2011 - 25 May 2011
Venue: Le Meridien , New Delhi, India


India's premier event for renewable energy finance

Event agenda

Day 1: 24 May 2011

07:45 Registration and Coffee

08:45 Welcoming Remarks

Speaker: Paul Clark, Conference Manager, Euromoney Energy Events
Speaker: Eric Usher, Manager, Seed Capital Programme, UNEP

Session 1: 09:00 – 10:05

Opening Keynotes: Moving the market forward

Following new policy implementation, deals are being reviewed. Now is a perfect time to review how this process has fared, how it has influenced the market and how policy will evolve moving forward.

This opening keynote session will feature speakers with experience in reviewing how this policy strategy fits in to a more global perspective. They will also discuss how policy is driving finance and question how the market looks coming up to 2013 and beyond.

09:00 Chair’s Opening Comments

Chair: Dr. Pramod Deo, Chairperson, Central Electricity Regulatory Commission

09:10 Motivating factors in the market

· The current energy agenda in India: plans to achieve energy security and reaching 2020 goals
· Analysing the place for renewables in the overall energy mix - understanding the current situation of conventional energy

· How renewables can contribute to a prosperous energy system

Speaker: Anita George, Director, Infrastructure Department, International Finance Corporation

09:25 Eyeing the way forward

· Taking a holistic view of the current renewables market and realising how the market is evolving
· Indicators that the current framework is sustainable and that the forecasted renewables targets will be reached
· Steps to be taken through Phase I and looking forward to 2013 and beyond

Speaker: Deepak Gupta, Secretary, Ministry of New and Renewable Energy

09:40 Variations between national and state policy

· Understanding differences between national and state policy – what works and what needs improvement
· Creating a sustainable system – matching legislative practice with industry needs, public resources and influences on capital
· Getting involvement from states who have not yet considered their forward plan

Speaker: Senior Representative, Indian Renewable Energy Development Agency

09:55 Discussion Period
10:05 Networking Break

Session 2: 10:45 – 12:00

Gauging opportunities for lenders

The industry is patiently awaiting a stable and comprehensive lending system. Apprehension from lenders in this sector has led to a lack of project finance deals. The availability of domestic debt seems limited; however, some banks have managed to come to the fore. There is also a great potential for foreign debt providers looking to move in on this market gap.

This panel discussion will bring together both domestic and foreign banks looking at opportunities for financing this sector.

10:45 Chair’s Opening Remarks

Chair: Michelle Thomas, Partner, Eversheds

10:55 Domestic

· How can projects be made bankable and what risks are discouraging project finance?
· Is the cost of borrowing sustainable and is there a limit to this rising cost?
· Are the right instruments being used or can alternative methods of financing be employed?
· What is the appetite for financing renewables in comparison to other power/infrastructure projects?

Speaker: Rajat Misra, Project Advisory & Strategic Finance, SBI Capital Markets
Speaker: Umesh Kumar Chhabra, Head of Renewable and Carbon Financing, ICICI Bank
Speaker: Yashpal Gupta, General Manager, Industrial Development Bank of India 

11:25 International

· Why is there such limited international financial support in the Indian renewables sector?
· Are international banks ready to lend to Indian projects and what are the hesitations?
· What are the experiences of foreign banks already working in the sector?
· Understanding barriers to entry for foreign banks moving in to the market

Speaker: Siobhan Smyth, Managing Director, Global Sector Head, Renewables, HSBC Bank
Speaker: Sanjeev Chaurasia, Managing Director, Investment Banking, Credit Suisse Securities

12:00 Networking Lunch

Session 3: 13:00 – 14:00

Encouraging equity and investment

This session pays tribute to the influx of private equity becoming available to the renewable energy industry. It will feature a panel discussion from equity providers, fund managers and venture capitalists who will discuss their views on the potential in this sector.

13:00 Chair’s Opening Remarks

Chair: H V Kumar, Director, Crestar Capital

13:10 Equity and investment

· Why is there so much interest in renewable energy investment by private equity players?
· What is the opportunity for allocating renewable energy funds in the Indian market?
· Realising the feasibility of renewable investment models - how attractive is the payback model?
· Getting deals done – what are the requirements and what are the expectations of investors?

Speaker: Harsh Agrawal, Executive Director, Infrastructure, Morgan Stanley
Speaker: Vivek Mittal, Managing Director, Millennium Resource Management
Speaker: Himraj Dang, Director, Environmental Investments, Olympus Capital 
Speaker: Pankaj Sehgal, Managing Director, SUN Group
Speaker: Vivek Mehra, Executive Vice President & Managing Director, Sustainable Investment Banking, Advisory & SRI, Yes Bank


14:00 – 14:45

Investment Forum

Hosted by Aloe Private Equity

The Investment Forum organised under Euromoney Energy Events and hosted by Aloe Private Equity will allow entrepreneurs, technology start-ups, companies and project developers to promote their projects with members of the financial services community, venture capitalists, private equity investors, and renewable energy experts.

Eligible projects must be seeking to raise commercial finance within the Renewable Energy sector, be that renewable energy generation, energy efficiency or technologies that support the increased penetration of RE. Projects could be technology companies, equipment manufacturers, equipment distributors and installers, engineering service companies, project developers such as energy service companies (ESCOs), project specific special purpose companies, independent power producers, energy users, and others.

A limited number of proposals will be selected by Aloe Private Equity and will gain the opportunity to present at REFF India and to network with potential investors and collaborators.

Please download the submission form here and submit your proposal electronically to gavin.duke@aloe-group.com before the 17 April 2011. For more information, please visit www.aloe-group.com.

14:45 Networking break

Session 4: 15:30 – 16:20

A response from Energy Majors

This session will provide energy companies with the chance to critically analyse and respond to current affairs in the energy market. It will provide an opportunity for them to share their expertise and suggest ways for the market to move forward in an encouraging fashion.

15:30 Chair’s Opening Remarks

Chair: Sandeep Hasurkar, Vice President, IL&FS Renewable Energy

15:25 Policy in practice

· Understanding the real market drivers considering the lack of long term government objectives
· What states hold promise and when might we see them begin to develop more favourable
· How the Power Purchase Agreement will work and strategies for completing these deals?

Speaker: Preeti Malhotra, Director of Power & Environmental Policies, Alstom Power

15:40 Driving finance through good policy implementation

· How policy is working to leverage finance and encourage private investment in the sector?
· The rate of current tariffs and their influence to returns on investment
· Comparing India’s policy implementation to other systems internationally

Speaker: Srini Nagabhirava, Managing Director, Asia Pacific, AES Solar

15:55 India in an international context

· Orienting company plans with international objectives
· Identifying key markets and learning through first experiences
· Planning for the future – raising capital and finding best strategies moving forward

Speaker: Anil Srivastava, CEO, AREVA Renewables

16:10 Discussion Period
16:20 Close of Day 1

16:30 – 18:00 Networking reception – sponsored by Areva Renewables

Day 2: 25 May 2011

08:00 Networking breakfast with roving microphone
08:50 Welcoming Remark’s

Speaker: Marsha Irving, Conference Producer, Euromoney Energy Events

Session 5: 09:00 – 10:05

Interpreting market indicators

The renewable energy industry is constrained in the larger Indian energy market and international financial market. The place for renewables in the power trading market, the issues with currency exchange for foreign players, the establishment of other possible financial avenues in the market including a possible green bond initiative and risks associated with consolidation all factor in to current ambiguity presenting constraints in the market.

This session will provide the opportunity for companies faced with these problems to speak out and to share their insight and strategies.

09:00 Chair’s Opening Remarks

Chair: J Krishna Sankar, Managing Director, Eastern Powers & Systems

09:10 Power trading and renewable energy

· Understanding the power trading market in India and the composition of the energy mix
· Reactions to renewables in the power trading environment
· Pricing carbon – how this tactic would influence the market?

Speaker: T N Thakur, Chairman and Managing Director, PTC India

09:25 Trading REC’s on the power exchange

· Projected demand from renewable sources to meet RPO targets
· Capacity additions and investments required to meet this demand
· Benefits of REC for a power generator

Speaker: C Sridhar, Head - Research, Crisil

09:40 A Green Bond Initiative

· Understanding the current foreign financial interest in the Indian renewable sector and evaluating the options to encourage further growth
· In what ways can a green bond system help India stimulate capital markets interest
· Reviewing the process of beginning the initiative and looking at the details

Speaker: Sean Hanafin, Co-Founder and CEO, Emerging Power Group

09:55 Discussion Period
10:05 Networking Break

Session 6: 10:35 – 12:00

Sunny solar opportunities

The solar market is booming in India at present with 1300MW expected by 2013. But, with solar cost being two and a half times that of coal, questions over the length of time it will take to reach grid parity and whether it is a proven technology appear to be detrimental to the industry moving forward.

This panel will feature speakers who are operating in the Indian solar market providing their views on the opportunities and issues it presents.

10:35 Chair’s Opening Remarks

Chair: Sindoor Mittal, Director, Welspun Energy 

10:45 Opportunities and challenges

· The scaling up of solar in the India solar market

· Feedback from international solar developers on current policies

· Possible ways forward - a comparison between the Indian solar program and other emerging markets

Speaker: Alexandre Chavarot, Head of Clean Energy Finance, Clinton Climate Initiative*

11:00 Issues with financing solar

· Realising the returns for solar development
· Understanding how solar projects are being funded internationally and how India can compare
· How solar has been financed in India so far and what we might expect in future?

Speaker: Ameet Shah, Co-Chairman & Director, Astonfield Renewables

11:15 Solar technology

· Making steps towards proving this technology, what are the long-term performance results?
· The influence that a reduction on unit costs would bring
· Steps towards reaching grid parity – how far away is this target?

Speaker: Theirry LePercq, Chairman, Solaire Direct

11:30 Case study: the first utility scale solar plant in India

· From planning to execution – reviewing the development of utility scale solar farms
· Understanding the accessibility of finance for these projects and where to look
· Feasibility studies for continued implementation of utlity scale solar

Speaker: Inderpreet Wadhwa, CEO, Azure Power

11:45 Discussion Period
12:00 Networking Lunch

Session 7: 13:00 – 14:20

Technologies of interest

There is an array of technologies grabbing the interest of financiers and investors. But, what are the opportunities for these technologies and what are the fall backs?

This session will give developers and manufacturers a chance to provide feedback about their technologies of interest and what makes them viable to the market.

13:00 Chair’s Opening Remarks

Chair: Ajit Pandit, Director, ABPS Infrastructure Advisory

13:10 Wind market development

·         Experiences of generating wind power in India and internationally
·         How to capitalise on new opportunities in this sector – learning from success
·         Looking at future opportunities in the wind power market in India 

Speaker: Ashok D’Sa, President – India, South Asia & Middle East, Suzlon Energy

13:25 Wind prospects

· How close the wind industry is to being self sustainable – what does this mean for the market?
· Getting ahead of the game from land acquisition, to finance opportunities, to PPA assurance
· Has the case of wind power in India supplied an adequate example of how policy drives the renewables industry?

Speaker: Mahesh Makhija, Director, Renewables, CLP Power

13:40 Biomass / Waste to energy

· Understanding the history of the biomass sector in India – how far has the market come?
· Issues with feedstock assurance and maintaining running capacity
· Opportunities for waste to energy and ways to get this technology moving in India

Speaker: Sampath Kumar, Managing Director, TIDE

13:55 Energy efficiency

· Making financial sense of a fragmented market – developing an applicable financial system
· Understanding where the opportunities are for a more efficient energy system in India
· Staying ahead of the market through encouraging emissions standards on international products

Speaker: Balbir Khera, Chief Executive Officer, Surmount Energy Solutions

14:10 Discussion Period
14:20 Networking Break

Session 8: 15:00 – 16:10

Carbon finance

This panel discussion will offer opportunities for businesses to make viable carbon solutions in the Indian market. It will allow panellists to contextualise the Indian market in comparison to other international markets and to understand the best strategies moving forward.

15:00 Chair’s Opening Remarks

Chair: Mayank Srivastava, India Director, Carbon Credit Capital

15:10 Carbon finance

· What are the results post-Cancun? How are developing countries looking at this?
· What is the clarity for financing carbon and how important is it for banks?
· How will the market evolve and what mechanisms are in place?
· Understanding the need to price carbon and who is involved, is the government consulting with the right industries?

Speaker: Thomas Camerata, Managing Partner, South Pole Carbon Asset Management
Speaker: Kiran Patil, Country Director, India, Ecolutions
Speaker: Nakul Zaveri, Investment Officer, Global Environment Fund
Speaker: Dr. Ram Babu, Founder and Chief Executive Officer, General Carbon

16:00 Closing remarks

Speaker: Eric Usher, Manager, Seed Capital Programme, UNEP

16:10 Close of Day 2

Go to Top

Discussions:

  • 24/05/11 09:10 - Motivating factors in the market

    • Anita George, Director, Infrastructure Department, International Finance Corporation Download
  • 24/05/11 09:40 - India in an international context

    • Anil Srivastava, CEO, AREVA Renewables Download
  • 24/05/11 10:55 - Domestic

    • Umesh Kumar Chhabra, Head of Renewable and Carbon Financing, ICICI Bank Download
  • 24/05/11 11:00 - Issues with financing solar

    • Ameet Shah, Co-Chairman & Director, Astonfield Renewables Download
  • 24/05/11 11:25 - International

    • Manav Futnani, Associate Director, Project and Export Finance, HSBC Bank Download
  • 24/05/11 13:10 - Equity and investment

    • Vivek Mehra, Executive Vice President & Managing Director, Sustainable Investment Banking, Advisory & SRI, Yes Bank Download
    • Harsh Agrawal, Executive Director, Infrastructure, Morgan Stanley Download
    • Sunil Jain, Chief Operating Officer, Green Infra Limited Download
  • 24/05/11 14:00 - Investment Forum - Hosted by Aloe Private Equity Download

  • 24/05/11 14:00 - Investment Forum - SuRe Energy Systems Download

  • 24/05/11 14:00 - Investment Forum - RenewGEN Enviro Ventures India Pvt Ltd Download

  • 24/05/11 14:00 - Investment Forum - EPPI Download

  • 24/05/11 14:00 - Investment Forum - Continuum Energy Download

  • 24/05/11 15:40 - Risks and barriers

  • 24/05/11 15:55 - Policy in practice

    • Preeti Malhotra, Director of Power & Environmental Policies, Alstom Power Download
  • 24/05/11 16:10 - Driving finance through good policy implementation

    • Srini Nagabhirava, Managing Director, Asia Pacific, AES Solar Download
  • 25/05/11 09:00 - Chair’s Opening Remarks

    • J Krishna Sankar, Managing Director, Eastern Powers and Systems Pvt. Ltd Download
  • 25/05/11 09:10 - Power trading and renewable energy

    • Sanjeev Mehra, Executive Vice President, PTC India Download
  • 25/05/11 09:25 - Trading REC’s on the power exchange

    • Sridhar Chandrasekhar, Head - Research, Crisil Download
  • 25/05/11 10:45 - Opportunities and challenges

    • Alexandre Chavarot, Head of Clean Energy Finance, Clinton Climate Initiative Download
  • 25/05/11 11:15 - Solar technology

    • Theirry LePercq, Chairman, Solaire Direct Download
  • 25/05/11 13:40 - Offshore wind

    • Malolan R Cadambi, Managing Director and CEO, Greenshore Energy Download
  • 25/05/11 13:55 - Biomass / Waste to energy

    • Sampath Kumar, Managing Director, TIDE Download
  • 25/05/11 14:10 - Energy efficiency

    • Balbir Khera, Chief Executive Officer, Surmount Energy Solutions Download
  • 25/05/11 15:10 - Carbon finance

    • Kiran Patil, Country Director, India, Ecolutions Download