InterContinental London - The O2

 

InterContinental London

The O2

The Growing Economies Energy Forum 

InterContinental London - The O2

22 -23 June 2016

*Opening: 22 June, 16:30hrs

The Growing Economies Energy Forum will uncover some of the most exciting electricity markets on earth, holding some of the most attractive investment opportunities.
 
 
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The Growing Economies Energy Forum will host open discussions between the Governments and pre private sector from the most exciting and anticipated new energy markets in the world – Myanmar, Pakistan, Iran and Pacific Alliance (Peru, Chile, Colombia, Mexico). As these growing economies open up for international investment following exciting political and economic developments, each are starting a new exciting era in their energy markets that the industry’s big players can’t ignore.

View our latest press release

Download the Growing Economies Energy Forum 2016 brochure for more information

Confirmed speakers include:

  • H. E. Dr Cesar Emiliano Hernandez, Undersecretary of Electricity, SENER, Mexico
  • Paula Estévez Weinstein, Head of International Affairs, Ministry of Energy, Chile
  • Shamsuddin Shaikh, Chief Executive Officer, Sindh Engro Coal Mining Company
  • Luis Alberto Haro, President, Electroperu, Peru
  • Asif Saad, Chief Operating Officer Distribution, K-Electric Limited
  • Jason Zhengrong Lu, Acting Head, Global Infrastructure Facility, World Bank Group
  • Liang Xuan, Director Middle East and North Africa, Goldwind International Holdings (HK) Limited
  • Nicolas Leong, Business Development Manager, South East Asia, Wärtsilä Energy Solutions
  • Mehmet Öğütçü, Chairman, Global Resources Partnership
  • Brian O’Hanlon, Director of Business Development, Renewable & Clean Energy Group, Overseas Private Investment Corporation
  • Dr Ernesto Bonafé, Senior Regulatory Expert, The Energy Charter
  • Renny Alberto Lopez, Energy Projects Director, CAF Development Bank
  • Murat Colakoglu, Partner, EMEA Region Power & Utilities Tax Leader, PwC Turkey
View the interviews with our speakers here
 
 
The Growing Economies Energy Forum launch during the Africa Energy Forum

The Growing Economies Energy Forum will be held alongside the global and widely respected in the industry annual meeting, Africa Energy Forum. This investment meeting established itself as the international marketplace where governments and power utilities unite with the global players in the energy industry to focus on delivering power infrastructure projects across Africa and also outside its borders.

Many of the private sector participants specialise in investing and developing power and infrastructure projects in developing and growing economies around the globe. 

 

The ministers (HON. DR. KWABENA DONKOR, Minister of Power Ghana; HON. MR. MAMADOU FRANKALY KEITA, Minister of Energy and Water Mali; HON. MR. JAMES MUSONI, Minister of Infrastructure, Rwanda; HON. MR. SIMON DUJANGA, State Minister of Energy, Ministry of Energy and Mineral Development Uganda; HON. AMB. HENRY MACAULEY, Minister of Energy, Sierra Leone; HON. MR. CHARLES ZULU Deputy Minister, Ministry of Mines, Energy and Water Development Zambia) officially open the AEF 2015 drinks reception by the collectively cutting the ribbon.
 
 
Myanmar

· Economic growth in Myanmar is expected to average at least 8.5% a year in coming years, given potential and the interest it has garnered from investors all over the world. This will raise demand for power or electricity services for consumption and production. Myanmar projects universal electricity access by 2030, or 7.2 million new connections, through its ambitious National Electrification Plan. This will require an estimated investment of US$444 million annually over 15 years.

· In December 2015, Myanmar’s Department of Electric Power Planning signs a private agreement to develop a 225MW gas-fired independent power plant. The 22-year PPA is expected to serve as a blueprint for use by other IPPs in the future.
 
 
Pakistan
 
· Pakistan faces a significant challenge to revamp its electricity network and increase power capacity. The country’s development agenda, Vision 2025, calls for a doubling of Pakistan’s power generation, to provide “uninterrupted and affordable electricity”, and to increase electricity access from 67% to more than 90% of Pakistan’s population.
 
· Pakistan’s Private Power and Infrastructure Board is currently implementing power projects with cumulative capacity of 12,620 MW. These include nine coal projects for a total of 9230 MW of capacity, five hydropower projects for a total of 1210 MW and two gas-to-power projects which will add 2180 MW to the grid.
 
 
Iran 

· Following the recent nuclear deal, a new era of economic and social development in Iran is set to start, bringing huge opportunities for investors to engage with one of the world’s biggest energy superpowers. The development of Iran’s electricity sector will be paramount to achieve this growth. While energy demands are growing at 6 per cent a year, growth in capacity is limited to a third of that. The country needs to invest $7-8 billion a year in its power generation and distribution sector only to keep pace with its growing demands. 

· In January 2016, Iran’s energy Minister Hamid Chitchian announces that electricity generation projects worth a total of $30bn are to be offered up to foreign investors, as Tehran looks to add between 47,000 and 50,000 megawatts to its over generating capacity over the next 10 years. 

Pacific Alliance 

· The Pacific Alliance is the most exciting economic group to emerge from Latin America - it is one of the first regional attempts to create a larger internal market while also building a gateway to Asian markets. The Alliance has affordable renewable energy sources, including hydro power, which is a major source of electricity in the country members. In addition, potential exists for other renewable energy, in particular solar and wind.

· In February 2016, Peru’s investment regulatory authority announces the results of their fourth government energy auction since 2009, which commissioned 162MW of wind, 184.5MW of solar, 4MW of biomass and 80MW of mini-hydro projects with 20-years PPAs starting from $37.49 for wind up to $77/MWh for biomass.

 

If you are interested in speaking at the 1st Growing Economies Energy Forum, please contact Talita Covre on:

T: +44 (0) 207 384 7719 E: talita.Covre@energynet.co.uk

To keep updated about the latest news follow:

    

#GEEF16

Join the 2016 mailing list

 

Related reports

Download The Emerging PV Market in Iran

Download Pakistan energy access assesment

Download Renewable energy in Islamic Republic of Iran

Download Power sector development in Myanmar

 

Download Observatory of renewable energy Colombia

Download Renewable energy policy for Chile

Download renewable energy propsects Mexico

 

Useful links

 

Vestas Plans 1 GW Wind Energy Capacity In Pakistan

Trans-national Energy Projects - Pakistan's path to prosperity

 

Enel Targets Peru With $400 Million of Wind, Solar Investments

Renewable enegy in Peru

Exploring investment opportunities in Peru

 

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Speakers

Dr. Cesar Emiliano Hernandez
Dr. Cesar Emiliano Hernandez
Sub Secretary of Electricity
SENER, Mexico
Dr. César Emiliano Hernández Ochoa was appointed as Undersecretary of Electricity of the Ministry of Energy by President Enrique Peña Nieto on February 5th, 2014.
 
Prior to this designation, on February 16th of 2013, and up until his appointment as Undersecretary, he served as Head of Legal Affairs Unit of Ministry of Energy; and currently he is member of the Governing Board of CFE.
Within the Federal Public Administration, he has occupied several important roles: Director-General of Foreign Trade in the Ministry of Economy, Director-General of Legal Counsel of the Federal Government and Director General of Long Distance within the Federal Telecommunications Commission. Furthermore, he was a researcher within the Center for Development and Research (CIDAC), and is author of several books, such as: (The politics of foreign trade: regulation and impact), and (The Captive Reform: Investment, Work and Entrepreneurship in the Mexican Electric Sector).
 
Dr. César Emiliano Hernández Ochoa holds a Bachelor’s Degree from the Faculty of Law of the National Autonomous University of Mexico (UNAM), and is a Fulbright and Ford-MacArthur scholarship grantee. He finished his graduate studies in Fletcher School of Law and Diplomacy, and holds a PhD from UNAM, obtained in 2007.
Paula Estevez Weinstein
Paula Estevez Weinstein
Director of the International Department
Ministry of Energy, Chile
Paula Estévez is the Head of International Affairs at the Chilean Ministry of Energy. In this regard, she is responsible for directly advising the Minister of Energy on international relations, as well as leading the design and implementation of the Ministry’s international activities.
 
Previously, she worked at Vestas Wind Systems’, global leader in manufacturing and sale of wind turbines, in charge of the environmental processes of several projects in South America and business development in the Sales Department. Her background also includes consulting for the Earth Engineering Center at Columbia University, Covanta Energy Corporation and EGreen, with a focus in the development of waste‐to‐energy in Latin America. Ms. Estévez holds a Master of Science in Earth Resources Engineering from Columbia University, as well as an Engineering Degree in Civil Construction from Pontífica Universidad Católica of Chile.
Shamsuddin Shaikh
Shamsuddin Shaikh
Chief Executive Officer
Sindh Engro Coal Mining Company

Mr. Shamsuddin A. Shaikh is the Chief Executive Officer of Engro Powergen Ltd (EPL), Engro Powergen Thar Ltd. (EPTL) & Sindh Engro Coal Mining Company (SECMC). Currently, he is heading the Thar Coal Mining and Power Project undertaken by SECMC & EPTL - joint venture between Government of Sindh, Engro Corporation & many other local and international companies which has been established to utilize the potential of the huge coal reserves under the Thar Desert.

Mr. Shaikh is a Mechanical Engineer from NED University of Engineering & Technology and holds MS in Industrial Engineering and MBA from Colorado State University, USA.

Mr. Shaikh started off his career in 1987 in Exxon Chemical Pakistan Limited as a Mechanical Engineer. Subsequent to which he served in different positions in various capacities. In the early years he contributed towards the Business Development aspect in Engro Chemical Pakistan Limited, Engro Vopak Terminal Limited, & in Plant Management and Sales aspects of Engro Fertlizer Limited.  Mr. Shaikh enjoyed prominent positions in Engro Foods Limited as Director Supply Chain in year 2005 and as Senior Vice President in 2012. Overall, he has 28+ years of extensive career experience in different fields. 

Mr. Shamsuddin A. Shaikh has been involved in many significant projects of the Company like  Engro Vopak Terminal Limited, Engro Polymers & Chemicals Ltd, Engro Foods Limited and now he is heading the development of one of the most strategic project of national importance – The Thar Coal Project.

Mr. Shaikh is a Member of the Board of Directors of various companies including EPL, EPTL & SECMC.

Luis Alberto Haro
Luis Alberto Haro
President
Electroperu, Peru

Senior executive, graduated in the specialty of Electrical Engineering, specializing in Energy Planning, Electricity Planning and Electrical Power Systems, Regulation and Electricity Tariffs. With Master of Science in Electrical Engineering in the US and studies in Specialization in Operation and Control of Electric Power, Strategic Planning, Development and Regulation, in the US, France, Germany and Sweden. Multi-functional experience in organization, management and operation of Electric Companies, regulation and setting of electricity tariffs, budgets and investment plans, buying and selling energy, consulting, business plans, institutional relationships and business skills for comprehensive business consolidation. Experience in the implementation of mechanisms for productive use and development of equipment for the efficient use of electricity in the urban sector and the rural sector; development of new energy sources (solar, biomass, wind) and formulating strategies and policies for the massive development of small hydro); regulation and rate design for Rural Electrification. 42 years in the electrical industry, in private companies, institutions and public sector, having gained experience and developed skills in the fields of regulation, operation and organization of electricity businesses, business strategy and negotiation. Creativity, analytical skills and ability to promote and manage changes in competitive environments. Ability to establish and maintain top-level contacts in the country and abroad. Proactive entrepreneurially-oriented, results-based management. Capacity to anticipate and solve problems. Top-level contacts within the business community and Peruvian society. Fluent in English and French, and German language skills.

Asif Saad
Asif Saad
Chief Operating Officer Distribution (COO)
K-Electric Limited
 
Mr. Asif Saad is currently working as Chief Operating Officer Distribution (COO) in K-Electric Limited, the only vertically integrated power utility company in Pakistan, leading a team of over 7,000 employees.
 
Prior to joining K-Electric, he held leadership positions in various sectors including chemicals and manufacturing. He has been affiliated with prestigious organizations in different capacities. Mr. Saad was previously the CEO of the Lotte Chemicals Pakistan. He has worked as executive director of DH Corporation and served on the board of Engro Corporation. Mr. Saad spent his initial career at ICI Pakistan Ltd in key management roles in various ICI businesses.
 
Mr. Saad has been a director of Pakistan Business Council, vice president of Overseas Investor Chamber of Commerce and served on the boards of several nonprofit organizations. He is a business graduate with an MBA from Lahore University of Management & Sciences (LUMS).
 
Jason Zhengrong Lu
Jason Zhengrong Lu
Acting Head & Lead Infrastructure Finance Specialist
Global Infrastructure Facility, World Bank Group
Jason Z. Lu joins the GIF as Lead Infrastructure Finance Specialist after ten years of working at the Multilateral Investment Guarantee Agency (MIGA) of The World Bank Group. While at MIGA, Jason worked on a broad range of complex energy and infrastructure projects worldwide, such as Bujagali hydropower in Uganda, KivuWatt methane gas extraction and power generation in Rwanda, Rajamandala hydropower in Indonesia, Adenium solar power in Jordan, Autopistas Del Nordeste toll road in Dominican Republic, and Guayaquil water concession restructuring in Ecuador. He has built expertise in managing and closing complex projects and advising clients on infrastructure financing, risk mitigation and credit enhancement to support their investment and financing needs in emerging markets and developing economies. Jason started his banking career with Bank of America in its Global Project Finance Group in 1996 where he was responsible for transaction structuring and execution.  He also worked at ABB Energy Capital with responsibilities for renewable energy financing in the United States and State Street Bank and Trust Company in credit and portfolio management.  Jason holds graduate degrees from Yale University (MBA), Central European University (Prague), and China’s Peking University.
T: 202.458.0544  E: zlu@worldbank.org
 
Liang Xuan
Liang Xuan
Director Middle East and North Africa
Goldwind International Holdings (HK) Limited

Liang Xuan graduated as an Electronics Engineering Master, and has been working for Alcatel-Lucent in the UK prior to joining Goldwind. Liang Xuan is a member of IEEE and China Institute of Communications, and is also a CFA Candidate.

Liang Xuan joined Goldwind in 2009, and has been working as a Business Development in the Middle East and Africa regions. Up to date, he has closed a few wind farm projects deals in the region totaling more than 300MW in Ethiopia, Pakistan, Jordan and Sudan. He is experienced in wind power project development, project investment and financing, commercial transaction, etc.

Liang Xuan is now the Chief Representative of Goldwind in the Middle East, to assist wind power projects development and to fulfill Goldwind globalization strategy and local renewable energy needs.

Nicolas Leong
Nicolas Leong
Business Development Manager, Energy Solutions, South East Asia
Wärtsilä
Nicolas Leong, born in Mauritius, is currently responsible for Wärtsilä Energy Solutions’ business in South East Asia. Based in Singapore, he has experience in the power generation industry ranging from project management, developing sales projects to EPC sales for thermal power plants in the South East Asia region.
 
Nicolas is an expert in multi-fuel internal combustion engine technology and LNG solutions. He specialises in addressing the growing need for electricity in Myanmar. Prior to joining Wärtsilä, Nicolas has held various business development and sales positions with Abengoa and Lanco International. Nicolas received a Bachelor of Electrical Engineering with Honours from National University of Singapore.
Mehmet Öğütçü
Mehmet Öğütçü
Chairman
Global Resources Partnership

An internationally recognized authority on energy, investment, finance and geopolitics over the past 30 years, Öğütçü has built significant knowledge and experience on policy and business matters, with a particular geographic focus on Europe, Central Asia, Russia, the Middle East and China.

Currently, Öğütçü chairs Global Resources Partnership, UK, sits on the boards of Genel Energy plc, Sisecam Group and Saudi Crown Holding, serves as Special Envoy of The Energy Charter for MENA Region, and as Executive Chair of The Bosphorus Energy Club, an exclusive gathering of the senior executives and leaders in finance, energy and politics across Turkey, Eurasia, the Middle East and Africa.

An effective convener and doer, he provides strategic advice to large international energy groups and governments on access to fund-raising, investment, business growth in emerging market economies, M&A deals, commodity trading and risk mitigation.

In his early career, Öğütçü was a prominent diplomat, having worked on critical “economic and energy diplomacy” dossiers in Ankara, Beijing, Brussels and Paris, and later as an advisor to the late Turkish Prime Minister, Turgut Ozal. Öğütçü served for 12 years as a senior staffer at the International Energy Agency and OECD in Paris, managing energy security and international investment programs. Until recently, he was director for BG Group’s international government affairs in London, managing high-level government engagements and new business development around the world. He also worked as a board member of Yasar Holding Group, and Chairman of the Advisory Board of Invensys plc.

Öğütçü is fluent in Turkish, English, French and Chinese mandarin (conversational).

m.ogutcu@globalresourcespartnership.com

Brian O’Hanlon
Brian O’Hanlon
Director of Business Development
Renewable & Clean Energy Group, Overseas Private Investment Corporation
Brian O’Hanlon leads business development for the Overseas Private Investment Corporation’s Renewable and Clean Energy Group.  He also serves on the Panel of Experts for the IRENA/ADFD Project Facility, a partnership between International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) to provide and facilitate finance for renewable energy projects in developing countries. Prior to his current position, Brian served as a Director in OPIC’s political risk insurance division. Brian joined OPIC after serving as the senior analyst for U.S. renewable energy companies and international markets at the U.S. Commerce Department. In 2010, Brian led the development of the U.S. Government Renewable Energy and Energy Efficiency Export Initiative and the establishment of a private sector advisory committee to advise the Secretary of Commerce on issues affecting renewable energy companies. He has a Masters of International Affairs from American University and a Bachelor of Arts in History and Political Science from Pacific Lutheran University.
 
Renny Alberto Lopez
Renny Alberto Lopez
Energy Projects Director
CAF Development Bank

Industrial Engineer from Universidad de Carabobo (Venezuela) and MBA in Strategic Management (Gonzaga University, Washington). Has over 30 year experience in Corporate (Mercantil, Royal Bank of Canada), Investment (Morgan Grenfell/DB) and Multilateral Banking (CAF, Development Bank of Latin America). Career at CAF includes Corporate and Financial Institutions Lending; Acting Representative/Country Manager (Bogotá, Colombia); Director-Corporate Banking: including structured finance and financial advisory to private sector; Director Distressed Assets; Deputy, Senior Risk Officer. Since 2012, Corporate Director, Energy Projects: including responsibilities for origination, evaluation and structuring energy sector projects in all member countries.

Murat Çolakoğlu
Murat Çolakoğlu
Partner, Energy, Utilities and Mining Industry Leader
PwC Turkey

Murat has been a partner of PwC Turkey since 1993 basing on the energy, utilities and mining industry, performing in the teams for mergers & acquisitions, due diligences and tax consultancy for multinational companies. Murat acted as a team leader and coordinator of world-class tax audit teams that have served the clients in his portfolio, providing them with top-notch investment tax consultancy services.

Murat has focused on firms that primarily deal with energy and infrastructure investments (including Build-Operate and Build-Operate-Transfer models) since 1997. He has a thorough grasp of the financing models of these investments in terms of tax principles as well as comprehensive understanding of the financial audit and planning work that goes into green field investments, privatisation and acquisitions.

Murat currently acts as the Energy Utilities and Mining Industry leader in the firm. Murat, who holds the CPA (SMMM) certificate, is a member of the TÜSİAD (Turkish Industry and Business Association) and YASED (Foreign Investment Association) Energy Working Groups.

Murat also writes articles about tax and finance for the business daily Dünya Newspaper. He graduated from Istanbul University’s Faculty of Economics’ Econometrics Department. He speaks Turkish and English.

He is currently lecturing at Bilgi University on Energy Policy for an Executive MBA level program.

He serves as the vice-chairman of The Bosphorus Energy Club.

Christian Wray
Christian Wray
Chief Executive Officer
JCM Solar Capital

Christian Wray is a co-founder and the Chief Executive Officer of JCM Capital. In addition to providing the strategic vision for the company, Christian also focuses on the evaluation and approval of investment opportunities and the initiation of the company's strategic partnerships and alliances. Christian also plays a key role in all financing aspects of the business and maintains relationships with the company’s stakeholders.

Prior to his current position, Christian was the Director of Finance for Ozz Solar International, a Canadian solar energy development company focused on rooftop solar development in Ontario. Christian was also previously the Chief Operating Officer for Greta Energy, a Canadian-based wind energy development company with assets across the globe.

Christian is a graduate of University of Toronto (B.Comm.) and is a Chartered Professional Accountant, Chartered Accountant, having worked in the Toronto and UK offices for PwC in their Banking and Capital Markets Group.

César Ortiz-Sotelo
Deputy Director, International Department
Engie

César Ortiz-Sotelo has over 30 years of experience in energy, utilities and infrastructure with knowledge and practice of international organisations coupled with a global and truly international track record, under staff and operational positions.

Since 2008, he is Deputy Director of the International Department of ENGIE.

Prior to his current position he was based in Lima, Peru since October 2004, where he first served as Deputy CEO of Cálidda, the gas distribution company in Lima and then as Senior VP responsible for Business Development in the Andean countries. He was a Board member of several local affiliates.

Mr Ortiz-Sotelo was previously Senior VP of ENGIE Energy International within the Business Development Oversight Department, based in Brussels. His first position within ENGIE was in 1997 as Director of Electricity of Elyo, an Energy Services affiliate based in Paris. Before joining ENGIE, he worked for major international companies such as Alstom and Shell in France, UK, The Netherlands, Japan and Brunei.

Dr Urban Rusnák
Dr Urban Rusnák
Secretary General
The Energy Charter

Dr. Urban Rusnák became Secretary General of the Energy Charter Secretariat in January 2012. Dr. Rusnák is Slovak by nationality. He graduated from the Moscow Institute of Oil and Gas in 1990 with an M.Sc. and received his Ph.D. from the Ankara University Institute of Social Sciences in 1998. Dr. Rusnák also holds an Honoris Causa doctorate from the Kiev Slavonic University since 2009.

Prior to his appointment with the Energy Charter Secretariat, Dr. Rusnák worked at the Ministry of Foreign Affairs of the Slovak Republic and was the Leader of the Project for Slovakia's External Energy Security. Before that, he was Extraordinary and Plenipotentiary Ambassador of the Slovak Republic to Ukraine (2005-2009), Head of the MFA Political Analysis Division (2003-2005), Deputy Head of Mission at the Embassy of the Slovak Republic in Turkey (1994-1998). He also held the position of Executive Director of the International Visegrád Fund in Bratislava (2000-2003) and Director of the Slovak Institute for International Studies (1999-2000).

Additionally, Dr. Rusnák was a Lecturer at the Kiev Slavonic University (2005-2009) and at the International Relations Faculty of the Economic University in Bratislava (2000-2003). He was also Chairman of the Editorial Board of the Slovak Institute for International Studies (2000-2003), Editor in Chief for the MFA International Issues Journal (1998-1999) and is the author of several articles on international relations, energy security, development assistance and Caspian oil and gas issues.

Since becoming Secretary General, Dr Rusnák has focussed his efforts on the modernisation of the Energy Charter Process, and on the updating of the institutional arrangements for the Conference. A chairmanship of the Energy Charter Conference by member states was introduced in 2014. The culmination of the modernisation efforts however has been the adoption of the International Energy Charter in May 2015. This is a new political declaration which addresses the energy challenges of the twenty first century.

 

Ernesto Bonafé
Ernesto Bonafé
Senior Regulatory Expert
The Energy Charter

Ernesto Bonafé works as a trade and regulatory expert at the Secretariat of the Energy Charter Treaty in Brussels. He focuses on energy market reform from regional and international perspectives. He has been involved in the promotion of the 2015 International Energy Charter across countries from Africa and Latin America. He is also the author of the study: “The role of the Energy Charter Treaty in fostering regional electricity market integration: Lessons learnt from the EU and implications for Northeast Asia.”

Currently his work focuses on structured collaboration with energy regulatory authorities, which like the Energy Charter pursue the objective to ensure well-functioning energy markets. Mr Bonafé worked as a legal expert in the EU-project ‘Paving the Way for the Mediterranean Solar Plan’, dealing with the promotion of renewable energy sources in countries of North Africa and Middle East and the future convergence with the EU internal energy market. Mr. Bonafé was training coordinator at the Florence School of Regulation, where he has been lecturing on energy regulatory authorities. He also worked as legal expert in various law firms in Spain and Brussels, and acquired professional experience at the European Commission, the European Parliament and the European Court of Justice. Mr. Bonafé holds a PhD on Energy Policy and EU Law from the European University Institute of Florence, Italy.

Murtaza Hussain
Murtaza Hussain
Managing Director
The Abraaj Group

Murtaza Hussain has over 11 years of experience in corporate finance and private equity investments. Murtaza joined Abraaj in 2007 and has been involved in all aspects of the investment process from sourcing and execution to post-acquisition value creation. He is part of the global energy infrastructure team and has evaluated several transactions including the successful execution of the partnership with the Aditya Birla Group to setup a gigawatt scale solar power platform in India. He was also a key member of the investment team that made the US$ 1 bn acquisition of K-Electric, one of the world’s largest integrated utilities and put together the turnaround plan for the distressed utility. Post-acquisition he was seconded to the Company and worked closely with the Power Sector Regulator in Pakistan to restructure the Company’s existing tariff structure, setting the base for a successful turnaround. He also worked closely with institutions such as IFC and ADB to secure US$ 275 mm of debt financing for the Company’s new 560 MW gas-fired power plant. He was also a key member of the team that successfully negotiated the landmark 650 MW Power Purchase Agreement between the National Utility (NTDC) and K-Electric. Prior to joining The Abraaj Group, Murtaza worked at the Investment Banking Division of BMO Capital Markets in Toronto. He was a part of the Metals & Mining Group, primarily involved in Mergers and Acquisitions and Asset Spin-offs. Murtaza graduated with distinction from McGill University (Montreal, Canada) with a major in Finance and Accounting. He speaks English and Urdu fluently.

Ezequiel Padilla
Ezequiel Padilla
Director of Energy Infrastructure
The Abraaj Group Mexico
Ezequiel F. Padilla has more than 15 years of experience in private equity, investment banking and corporate finance experience with a particular focus on the energy industry (electricity, oil & gas and infrastructure). Ezequiel joined The Abraaj Group in 2016 as a director based in the Mexico office. He is in charge of originating, screening and executing energy and infrastructure investment opportunities. Before joining Abraaj he worked at BBVA Bancomer and Banco Interacciones, where his primary focus was the energy sector. He also worked at Evercore Partners in financial advisory division for investment banking.
 
Mr. Padilla has an MBA from Columbia Business School, a MSc in Global Energy Management from UC Denver Business School, a BSc in Finance and Banking from Palm Beach Atlantic University.

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Agenda

Key topics discussed at this year’s meeting:

  Country Focus: Myanmar
Building trust and driving energy development
 
•  Country Focus: Pakistan
Meeting Pakistan’s energy needs
 
•  Country Focus: Iran 
Developing the power sector to enable economic growth
 
  Regional Focus: The Pacific Alliance 
Peru, Chile, Colombia and Mexico – leading clean energy development

Please download the latest brochure:

 

To submit a topic or register interest in a speaking opportunity at this meeting, please contact:

Talita Covre
Production Manager
 
T: +44 (0) 207 384 7719
 

Location

The Growing Economies Energy Forum 2016 will be held at InterContinental London - The O2 - a brand new luxury hotel located on the Greenwich Peninsula, overlooking the River Thames and Canary Wharf.

The hotel boasts a range of restaurants, bars and spa facilities and 24-hour business centre, making it the ideal host to the Forum as it comes to London.
 
Privileged hotel booking rates will apply for delegates upon registration. 
 
 
 
 

Why Attend

Why join us at the 1st Growing Economies Energy Forum

Join targeted country-focus sessions
  • Information will be presented on government’s incentives and strategies to develop their respective power sectors.
  • Get the market intelligence you need in one place and understand where the commercial opportunities are.
Take advantage of EnergyNet’s 23 years’ of experience
  • The Growing Economies Energy Forum will be co-located with the 18th edition of the ‘Africa Energy Forum’, the world’s largest global conference for Africa’s power energy and infrastructure sectors.
  • The combined meetings will bring together 2,000+ credible investors and developers from 82 countries that specialise in growing and emerging markets.
Build your momentum 
  • Network in an exclusive pro-investment environment with our selected audience of government decision makers and bankable investors.
Whether you’re buying or selling
  • The joint GEEF and AEF exhibition is the hub of the combined Forums, bringing together over 100 credible solution providers operating in the world¹s growing economies.
  • The ideal platform to showcase your company and continue the dialogue started in the high level panel discussions.
Make it happen
  • To originate your next power projects, make sure you are in the room with senior public sector stakeholders from targeted markets looking to secure investment in their energy sectors.
 
 
For the last 23 years EnergyNet has worked in Europe, the USA, China and across the African continent to facilitate investment summits where international investors can build relationships with credible stakeholders.
 
Some of the leading investors and developers you can expect to see at the inaugural Growing Economies Energy Forum include:
 
 
 

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Sponsors

Wartsila

Associate Sponsor

Wärtsilä Energy Solutions is a leading global supplier of flexible baseload power plants of up to 600 MW operating on various gaseous and liquid fuels. Our portfolio includes unique solutions for peaking, reserve and load-following power generation, as well as for balancing intermittent power production. Wärtsilä Energy Solutions also provides LNG terminals and distribution systems. As of 2015, Wärtsilä has 58 GW of installed power plant capacity in 175 countries around the world.

www.smartpowergeneration.com

ESK Law Firm

Associate Sponsor

ESK Law Firm is one of Iranian leading law firms, with a reputation for standing out – and for being outstanding. ESK Law Firm's partners and associates with more than a decade experience in the legal services, provide professional services of substantial value to anyone who is presently managing, or considering development of local and international business operations. We provide legal services in areas such as international trade law; international investment law; banking and finance law; franchising; taxation, energy law; company law as well as conduct due diligence for entities, represent clients for negotiating, and designing and drafting various kinds of international contracts.

ESK Law Firm is organized into more than five dozen practice areas, so that clients have easy access to attorney skills and knowledge specific to a particular business and industry.

www.esklawfirm.com

Themis

Associate Sponsor

Themis Energy (Themis) is an Abraaj Group project development company that develops energy projects in growth markets through early stage capital investment and the provision of structuring services. It operates within the wider Abraaj Energy Infrastructure Platform which invests across the entire life cycle of energy assets. Themis’ team comprises highly experienced infrastructure project developers, combining over 150 years of experience. While partnering with local, international or governmental entities, Themis drives all aspects of the project development process including the commissioning and supervision of technical and environmental studies, the securing of land rights and permits, the negotiation of bankable project documents (including concessions, PPAs and EPC contracts) and the sourcing of equity and debt financing. Themis operates under a strict risk framework which includes the use of stop-loss mechanisms. Themis’s current portfolio of projects under development exceeds 1,300 MW and includes clean gas, hydro, wind, solar, geothermal and biomass projects.
 
 
Abraaj Group

Associate Sponsor

The Abraaj Group is a leading private equity investor, purpose-built for operating in the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. Employing over 300 people, Abraaj has over 20 offices spread across five regions with hubs in Dubai, Istanbul, Mexico City, Nairobi and Singapore. The Group currently manages c. US$ 9 billion across targeted private equity strategies. By combining deep local reach with a global platform and underwriting standards, Abraaj generates industry leading returns and creates value in market-leading companies.
Abraaj has realized c. US$ 5.4 billion from 80 full and partial exits, and Funds managed by the Group have made over 140 investments across a range of sectors including consumer, energy, financials, healthcare and utilities. The Group is committed to the highest environmental, stakeholder engagement and corporate governance standards and is a signatory to the United Nations-backed Principles for Responsible Investment and the United Nations Global Compact.
 

Platform to develop your business in newly emerging markets

Launched during the Africa Energy Forum 2016, this year’s meeting offers your business particularly effective and relevant platform to engage with government, investors and senior stakeholders in the power project value chain, and to develop lasting and credible relationships with key industry decision makers.

View list of the confirmed sponsors for AEF 2016

EnergyNet’s exclusive sponsor partnerships provide extensive visibility for your company and brand and align your business firmly in the power space with the opportunity to build brand equity in the growing economies: Iran, Pakistan, Myanmar and Pacific Alliance.

A Commercial Partnership offers you the chance to:

o    Raise brand awareness and create preference

o    Create positive PR and raise awareness of your organisation

o    Provide attractive content for a range of products and services

o    Build or reinforce brand positioning through associative imagery

o    Support a specific sales promotion campaign

o    Act as corporate hospitality that promotes good relations with clients

 

To find out more about a Commercial Partnership for the 1st Growing Economies Energy Forum 2016, please contact:
 
Alex Moulds
Business Development Director 
 
+44 (0)7500 702 171
 
 
 

Partners

United Nations Foundations

Supporting Partner

Supporting Partner

Global Infrastructure Facility

Supporting Partner

The Global Infrastructure Facility (GIF) is a partnership among governments, multilateral development banks, private sector investors and financiers—designed to provide a new way to collaborate on preparing and structuring complex infrastructure projects to mobilize private capital. The comprehensive project support provided by the GIF draws on the combined expertise of its technical and advisory partners. This group, which includes commercial banks and institutional investors, ensures that well-structured and bankable infrastructure projects are brought to market in a way that sustainably meets the needs of governments and service users. This unique collaborative approach has won strong support from private investors, donors, and governments from emerging markets and developing economies.

http://www.worldbank.org/en/programs/global-Infrastructure-facility

ProColombia

Supporting Partner

ProColombia is the entity that promotes international tourism, foreign investment, non-traditional exports in Colombia and country brand.
Through its national and international network of offices, it offers support and integral consultancy to clients through services or instruments aimed at facilitating design and execution of its globalization strategy, which seeks to generate, develop and close business opportunities.
 
ProChile

Supporting Partner

ProChile is Chile’s Export Promotion Bureau. It is part of the Ministry of Foreign Affairs of Chile and is responsible for promoting exports of Chilean products and services. ProChile also contributes to the dissemination of foreign investment opportunities and tourism promotion.

ProChile has a network of over 50 offices worldwide and 15 export centres within Chile, which have the experience and the skills to help boost the export sector and position Chile’s attributes in international markets.

 

Mexican Chamber of Commerce

Supporting Partner

The Mexican Chamber of Commerce in Great Britain (MexCC) is a UK non-profit independent organization created to represent the interest of Mexican companies trading and doing business in the UK. The MexCC aims to make the commercial relationship between Mexico and UK more profitable for the benefit of its members.

The MexCC organize networking events, produce business intelligence reports, implements lobbying strategies and provides exposure and publicity to its members. It is also the meeting point of businesspeople, politicians, academics, diplomats and members of NGOs, bring Mexico and the UK closer together.

 

National Venture Capital Association

Association partner

Association partner

As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment.  As the venture community’s flagship trade association, the NVCA serves as the definitive resource for venture capital data and unites its over 300 member firms through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.

 

Emerging Market Investors Association (EMIA)

Association partner

Association partner

The Emerging Market Investor's Association (EMIA) connects investors with reputable investment professionals, research, education and news, increasing confidence and transparency within emerging markets. For investment professionals, we create enhanced brand awareness that deliver tangible opportunities for business growth.

For investors, EMIA is an objective, comprehensive and unbiased source of expert, on-the-ground information, daily news and in-depth analysis. In short, EMIA is the world’s first and only non-for-profit Emerging Market organization, dedicated to advancing the industry as a whole, representing the combined interests of investors and investment professionals, across asset classes.www.emia.org

The MENA Private Equity Association

Association partner

The MENA Private Equity Association is a non-profit entity dedicated to supporting the private equity (PE) and venture capital (VC) industries in the Middle East and North Africa and acts as an Ecosystem enabler.
 
The association was established in 2010 to support the development of a nascent private equity and venture capital industry in the MENA region. It represents the largest MENA private equity and VC firms with more than US$ 30 billion in assets under management. 
 
In order to encourage the overall PE & VC industry growth, the MENA Private Equity Association issues research and industry reports that highlight the PE and VC successes to local and international stakeholders, and hosts a number of events that bring together PE and VC fund managers, Family businesses, Limited partners, Industry practitioners, Investment Bankers, Advisors and Lawyers.
 
To further advance the interests of its members and wider industry players, the MENA Private Equity Association is in regular dialogue with every legislative body in the region and encourages its members to start these conversations through its legal task force who’s aim is to observe the regulatory regimes across the MENA region in order to petition regulators where necessary to bring about some key regulatory changes.
 
For more information, please visit our website www.menapea.com
 
Middle East Solar Industry

Association partner

MESIA is the largest solar trade association in the Middle East and North Africa region . Established in 2009, the association represents over 120 international and local organizations including investors, installers, manufacturers, law firms, consultancies, policymakers and banks. MESIA is headquartered in Dubai, UAE and carries out solar-related activities and programs across the MENA region. Its regional coverage stretches from Egypt to Saudi Arabia, with over 7,600 subscribers. Over the past 5 years, MESIA has organized over 50 industry events focused on strengthening the footprint of solar energy in our region. Along the way, MESIA has won several prestigious awards and been recognized by leading government authorities across the MENA region. MESIA also publishes industry-leading reports which have been featured in the New York Times, Wall Street Journal and the FT. Among its most coveted events are the annual Middle East Solar Awards and the Middle East Solar Pioneers program. To learn more about MESIA visit www.mesia.com.

The French Renewable Energy Association (SER)

Association partner

Association partner

The French Renewable Energy Association (SER) was established in 1993 to promote the interests of industrials and professionals in the sector to public authorities, parliament and all bodies in charge of energy, industry, employment, the environment and research. It groups industrials from all of the renewable energy channels: biofuels, biomass (FBE), wood, biogas, renewable marine power, wind power, geothermal energy, hydroelectricity, heat pumps, solar photovoltaics (SOLER), thermal and concentrated solar power.

www.enr.fr

The Solar Trade Association

Association partner

 
Association partner
 
The Solar Trade Association is the UK’s leading solar industry voice, representing both solar heat and power. Since 1978, the STA has worked to promote the benefits of solar energy and to make its adoption easy and profitable for domestic and commercial users, with a proven track record of winning breakthroughs for the UK’s solar industry. A not-for-profit association, we are funded entirely by our membership, which includes installers, manufacturers, distributors, large scale developers, investors and law firms.
 
 
The International Hydropower Association

Association partner

Association partner

The International Hydropower Association (IHA) is a non-profit organisation that works with a vibrant network of members and partners active in more than 100 countries. The association’s mission is to advance sustainable hydropower by building and sharing knowledge on its role in renewable energy systems, responsible freshwater management and climate change solutions.

www.hydropower.org

 

Colombia Energia

Media Partner

Revista Energiminas

Media Partner

ENERGIMINAS is one of the most important Peruvian magazines specialized in mining and energy issues. Its target audience is senior executives, professionals and managers, operators and suppliers of these sectors. It has eight years of circulation, 5000 copies and a strong presence in the virtual world and social networking.
 
Mexico Energy & Sustainability Review

Media Partner

As the industry’s premier publication, Mexico Energy & Sustainability Review 2016/17 will be building on the success of its previous two editions by providing the most relevant and comprehensive overview of the key industry topics based on face-to-face interviews with 150-200 business and political leaders. 
 
Our editorial philosophy 
In the wake of the Energy Reform, the upcoming edition will provide government officials, top executives, analysts, and industry experts with unparalleled access to relevant and reliable industry information at this historic moment in Mexico’s energy history. Mexico Energy & Sustainability Review 2016/17 will feature in-depth analysis of the main business opportunities, technology trends, and structural changes in the Mexican energy and sustainability industries, and is perfectly positioned to enable our audience to capitalize on emerging business opportunities.
 
Our audience 
Our hardback print edition reaches 3,500 key decision makers who are shaping the energy and sustainability industries from a business, political, legal, and regulatory perspective, while our iBook edition is available as a free download from our website (www.mxesr.com) and reaches executive audiences across the global Energy and Sustainability markets. We also actively participate in all major industry events, and distribute our publication to all participants in our own industry conferences: Mexico Energy Forum,  Mexico Urban Sustainability Forum and Mexico Talent Forum.
 
 
REvista Negocios & Petroleo

Media Partner

The Business & Oil Magazine was born from the need to inform the mining and energy sector on the events occurring around it. Our interest is to provide businesses, governments, organizations and all those involved with the world of hydrocarbons, with complete, truthful and useful information to strengthen communication processes and information from the sctor.
 
With more than three years of free quarterly circulation, Magazine Business and Petroleum has approximately 100,000 readers in Colombia, 30,000 in other countries in Latin America and more than three thousand followers on social networks. This added to its presence in national and international industry events, and allowed it to become a major information platform in the sector. www.negociosypetroleo.com
 
 
La Revista Negocios & Petróleo nace de la necesidad de informar al sector minero energético sobre los acontecimientos que ocurren alrededor del mismo. Nuestro interés es brindar a empresarios, gobiernos, organizaciones y todos quienes están involucrados con el mundo de los hidrocarburos, información completa, veraz y útil para fortalecer los procesos de comunicación desde y hacia el sector.
 
Con más de tres años de circulación trimestral gratuita, Revista Negocios y Petróleo cuenta con aproximadamente 100 mil lectores en Colombia, 30.000 en otros países de América Latina y más de tres mil seguidores en redes sociales. Esto, sumado a su presencia en eventos sectoriales nacionales e internacionales le han permitido consolidarse como una importante ventana informativa del sector. www.negociosypetroleo.com
 
Energy Update

Media Partner

Energy Update – A dedicated magazine with a mission
 
Energy Update, a magazine launched in May 2006 to cater to the burgeoning energy and environment sector of Pakistan. This is the only trade magazine on Energy and Environment in our country, and our aim is to become a Voice of the energy industry.
 
The magazine focusing on the developments in the global energy & environment sector, with particular interest to Pakistan, and will also be covering developments in the alternate energy and environment.
 
With unbiased in our analysis, truthful in reporting, scathing in our criticism, liberal in praise of the positive, and open and receptive to suggestions, advice and critiques that assisted us in making Energy Update a publication that the industry is proud to call its own. Today, the monthly Energy Update is being circulated among 8,000 Industry Experts (HVACR,  Energy Sector Engineering Industry, Corporate Sector, Trade Associations and Key Decision Makers at Government level) in Pakistan and Overseas Markets including UK, Canada, UAE, Middle East & Far East, South East Asian Countries and other growing  energy, Environment  & engineering markets of the world.
 
This magazine's distribution list includes all industry sector experts, leading Companies, decision-makers, trade body personnel and key individuals at the government level.
 
A Profile:
Language: English
Frequency: Monthly
Circulation: 8000
Market: Nationwide & abroad in Middle East, Far East, Europe & South Asia.
Readership profile: Estimated Readership 40,000 
 
Mizzima

Media Partner

Mizzima is one of Myanmar's leading media groups offering news and insight into a country in the throes of major change.
 
ECASB

Media Partner

Ecasb is an oil and energy network of all Iranian and international companies which are involved in Iran Oil and Energy projects. All companies can register on ecasb and introduce their capabilities in design, manufacturing and execution of projects.
 
The Iran Project

Media Partner

The Iran Project is dedicated to news related to Iran and we are located inside & outside of Iran. 
 
 
Solar + Power Management

Media Partner

 
Media partner
 
The solar industry in 2016 will continue to be affected by system affordability and efficiency. But at the same time a fundamental shift in power management capabilities is underway that can positively impact growth. Sophisticated software and hardware solutions are making it easier than ever to fine-tune performance and balance local consumption with grid-level feeds and on-site storage.
PV modules, power management software, micro / macro inverters, emerging battery technologies and cloud-based support will impact the industry in 2016 and beyond. Navigating the complex world of solar power is at the heart of everything we do at Solar + Power magazine. We help the solar supply chain, researchers, designers, and incumbent electric utilities understand the changing role that solar power plays in today’s marketplace as well as tomorrow’s global power economy.
 
 
The Business Year

Media Partner

 
Media partner 
 
The Business Year (TBY) is a leading research firm and publisher of annual economic resources on national economies. Present in over 25 countries, TBY provides first-hand access to the people and ideas shaping business and policy throughout the world. Each country-specific edition contains a comprehensive range of interviews and analysis, offering an inside look at doing business in the world’s most dynamic economies. TBY’s interviewees, readers, and partners comprise an international network of thought-leaders who are helping to define the future of the global economy.
 
 
Engerati

Media Partner

Media partner

Engerati is a central destination for delegates from leading global energy events to network, collaborate, share and engage. We provide our members with completely free access to our ever-growing archive of industry news, white papers, case studies, webinars, video presentations, interviews and blogs. Engerati is an invaluable resource to all energy professionals – nowhere else can you get such in-depth information on the global energy industry for free.

www.engerati.com

Clean Energy Pipeline

Media Partner

Clean Energy Pipeline is the leading independent source of news, data and analytics about the Clean Energy sector. Our team delivers real-time business news and identifies the latest and most relevant regulatory and policy announcements, investment, M&A and project finance news, new funds and fund closes. This news is supplemented with opinion-pieces based on in-depth interviews with senior-level executives, advisers, investors and policy-makers. We also publish a variety of reports and guides, including our Market Reports, the Quarterly Statistics reports, our Data Insight reports, the Expert Guides series and bespoke Research reports. Simply visit our website to download our complimentary reports and to find out how to sign up for a free trial (http://public.cleanenergypipeline.com/)

Dubai Exporters

Media Partner

Dubai Exporters is an online Web Portal for Exporters, Manufacturers & Suppliers. These Companies are listed as per their respective categories and comprise of complete contact and product details so that the search effort of the interested client is minimized and more target oriented. 
 
DubaiExporters.com went online in 2004 with a mission to facilitate UAE exports worldwide. Primarily, the portal provides information on UAE manufacturers and exporters assisting importers and buyers worldwide to source products, equipment, machinery and services from UAE. Besides it is very informative in terms of news, research, statistics, trade fairs, conferences etc. connected to UAE and worldwide. 
 
There are several benefits for members such as: 
Participation in several foreign trade fairs within DubaiExporters Pavilion.
Reaching buyers worldwide through the website directory, banners & online showroom.
Reaching buyers worldwide through regular newsletters.
 
The Oil & Gas Year (TOGY)

Media Partner

Since it was established in 2005, TOGY has developed from strength to strength to become a recognised actor in the global energy industry. By working hand in hand with established international names and newcomers, we are now a preferred corporate and institutional communications vehicle.
 
Our unrivalled reach into the boardroom can provide your organisation with the essential data tools to enter fresh markets, find partners and keep you abreast of market developments. For more information visit http://www.theoilandgasyear.com/
Oxford Business Group

Media Partner

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Africa, the Middle East, Asia and Latin America. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.
 
The critically acclaimed economic business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG's online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG's consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.
 
Menas Associates

Media Partner

Menas Associates is a London-based strategic risk consultancy firm which helps companies make critical decisions in difficult operating environments. 
 
Besides our consultancy services we also have 15 regular country specific publications which analyse the political, security and business environment for foreign investors. Our leading analysts also answer clients’ specific questions in hour long confidential telephone consultancy calls. All the Menas experts focus on individual countries and have strong “on the ground” knowledge and contacts so we provide in-depth quality analysis.  
www.menas.co.uk/home.aspx
 
 
 
 
 
If you would like to attend as a member of press or are interested in a media partnership please contact:
 
Alexandra Cianciara
Marketing Executive
 
T: +44 (0)20 7384 7936
 

No

Register

The fees to attend this meeting as a delegate are as follows:

Growing Economies Energy Forum

 Fee

Standalone package

£599

With the Africa Energy Forum package

£399

 

Register online or drop us an email

Contact

 
For speaking or programme enquiries: 
 
 
Talita Covre
Production Manager
 
T: +44 (0) 207 384 7719
 
 
For delegate & marketing enquiries: 
 
 
Alexandra Cianciara
Marketing Executive
 
T: +44 (0)20 7384 7936
 
 
For commercial partnership opportunities: 
 
 
Alex Moulds
Business Development Director
 
T: +44 (0)20 7384 8009
 
 
Follow us on social media:

    

 

 

Speakers interviews

 

Jason Zhengrong Lu, Acting Head, Global Infrastructure Facility, World Bank Group

What are some of the biggest challenges for power project financing in emerging energy markets?

·         Lack of well-structured pipeline of bankable transactions

·         Regulatory risks and weak offtakers

·         Consistent government support and political will at high level

·         Governance and transparency etc.

How is the Global Infrastructure Facility (GIF) helping to address these issues?

To address these issues, GIF has taken on a very different approach to project preparation: a somewhat top down approach (vs typically bottom up approach by private sector) where GIF is providing funding support to our technical partners, which include major MDBs, to work with the governments to bring well prepared projects to the market. As a new open collaboration platform with an aim to mobilize private capital, one of the most important pillars of the GIF is the role of private sector. Private investors including some of the premier institutional investors and commercial banks are the Advisory Partners of the GIF, providing important feedback to GIF and its Technical Partners to ensure the GIF prepared projects are well structured and attractive to the private sector investors and financiers. As a result, we hope GIF-supported project are better aligned with government priorities with better risk allocation, better governance and transparency, safeguard compliance, and more bankable and attractive opportunities to the private sector. 

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Asif Saad, Chief Operating Officer Distribution, K-Electric

K-Electric, Karachi's own utility, has been privatised in 2005 and has continued to manage the city's generation, transmission, distribution, and retail services. 11 years from the privatisation, how does the relationship between the company and private investors has changed?

K-Electric (KE) was privatized in 2005 to a consortium of Al Jomaih Group of Saudi Arabia and National Industries Group of Kuwait. In 2008, Abraaj Capital acquired 50% equity stake in the holding company (KES Power) as well as management control. Between 2005 and 2009, KE’s financials were in need of much improvement since KE had an ageing fleet of embedded generation units and no fresh investment had been made by the Government in improving generation and transmission in the previous 10 years. Since 2009, the new management at KE took an array of initiatives to tackle both internal and external issues for a successful turnaround of the utility. KE’s private sector led management has taken steps to control wasteful expenditure, demanding value for money and going the extra mile to ensure customer satisfaction and loyalty.

Today we proudly claim that 61% of Karachi is provided with uninterrupted electricity, including all industrial zones and pockets of underprivileged areas. Our transmission and distribution losses have reduced by 12.2% over last six years, standing today at 22.9%. As a result, KE managed declared net profit for the first time in 17 years in 2012.

During the fiscal year 2012-13 International Finance Corporation (IFC) and Asian Development Bank (ADB) converted USD 25 million each of their debt into equity. KE’s share price has also grown by 178% over the past 5 years. Thus, these events validate the investment case and success of KE’s turnaround strategy.

The relationship between the company and the private investors has therefore strengthened through these years. The involvement of Abraaj in the operations has reduced with time, which is due to KE’s remarkable turnaround and high level of confidence in the local management of the Company.

What is your vision for the development of Karachi's distribution system?

In 2013, KE celebrated its first centenary since it was incorporated in September, 1913. In 2013, KE rebranded itself from Karachi Electric Supply Company Limited to K-Electric Limited in order to establish its identity as a power utility company with wider interests other than Karachi. KE is the only vertically integrated power utility company in the country where power generation, transmission and distribution are interlinked with each other to provide the customers with seamless solutions. Whether domestic, residential, agricultural, industrial or commercial, KE proudly serves them all with the devotion to service and quality that is unmatched in the country.

KE inherited a dilapidated and ageing infrastructure resulting in low system reliability with transmission & distribution losses touching 40%. The new management invested USD 1.2 billion, where generation capacity was enhanced by 1010 MW along with transmission and distribution network optimization. Like any other developing country, power theft has been a major impediment in KE’s success, which is being dealt with by implementation of Ariel Bundled Cabling (ABC) and power anti-theft campaigns. Moreover, KE is continuously involved in various CSR activities which include community welfare programs, free/subsidized electricity to certain welfare institutions (hospitals, schools etc.) affecting the lives of 3.5 million people directly.

Karachi is the 7th largest city in the world with a population of over 22 million. KE’s vision is not only to provide energy to the city of Karachi, parts of interior Sindh and Balochistan, but energizing the hopes and dreams of over 22 million lives through providing uninterrupted power supply. To achieve this, we carry out efforts to improve our processes and make strategic investments in our infrastructure while reengineering our operations to deliver quality and reliable services to our customers.

The key initiatives from distribution perspective to be taken by KE include:

·         Smart Grid Project - which will allow remote management of smart meters at customer premises and transformers, which is currently in its pilot phase.

·         Continue installation of Aerial Bundle Cable (ABC) on High Loss Transformers to control theft.

·         Transformer / feeder technical loss reduction projects.

What opportunities are there for investment in power development in the region? Are there any projects in the line-up?

Pakistan is a power deficit market which requires significant investment to meet the ever growing demand as the country has an energy deficit of more than 6GW. Keeping this in view, the Government of Pakistan has supported private sector participation in the power industry where now private sector contribution in generation capacity has increased by c.30% since 2009. The GoP has also restructured the power sector through unbundling WAPDA (vertically integrated public power utility) into 9 distribution companies and 4 generation companies that are in the privatization pipeline. Further, the investment climate is feasible in Pakistan for the following reasons:

·         One-window facilitation and investor-friendly policies

·         Transparent regulatory environment

·         Multi-year & long-term tariff

·         GoP guarantee and protection

·         Tax exemptions

Since KE’s privatization, it has invested USD 1.2 billion in power generation, transmission and distribution. Undoubtedly, KE is the flagship company for privatization in Pakistan.

KE’s key generation and transmission projects in pipeline are as follows:

1,000 MVA of transmission enhancement

700 MW IPP Coal Project with China Datang Overseas Investment Company participating in this project through a Joint Development Agreement. Estimated cost of the project is US$ 1 billion and expected COD is June 2020.

420 MW Coal Conversion Project - Conversion of 420 MW of existing furnace oil units into coal-fired plants to be structured as an IPP where estimated cost of the project is US$ 400 million.

LNG – 450 MW power plant with Engro Corp.

Conversion of Operational Open Cycle Plants - Conversion of 2 existing open cycle plants (220 MW and 180 MW GE JB) to combined cycle adding additional 47 MW where the estimated cost of the project is USD 100 million.

Other IPPs - KE is also planning to contract electricity from additional IPPs to boost external generation; potential IPPs include Nooriabad (104 MW) and Fauji (56 MW) expected COD 2016 / 2017

Which question or industry issue are you most interested to hear discussed at this year’s Growing Economies Energy Forum?

· Energy generation and distribution challenges in the developing world

· Role of technology in utilities

· What amount of international support is available from developed countries or multilateral agencies for renewable energy initiatives in the third world which are capital intensive but promote a greener environment viz solar power, wind energy and wave energy?

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Eng Luis Alberto Haro, President, Electroperu, Peru

Peru has benefitted from a substantial amount of international investment to support power development and expects much more to come. What have been the main factors to facilitate this investment? 
 
The main factors that facilitated the investments in electricity have been:
a. A stable legal framework that promotes private participation in the electricity.
b. A sustained economic growth.
c. High electricity demand growth: 
 
In the last 5 years, the power capacity (that actually is greater than 10,000 MW) has increased 400 MW annually. A further increase of 2,500 MW is expected in the next 5 years as the result of public biddings done by the government.
d. Availability of energy resources:
- hydro resources with a potential of above 60,000 MW (the actual installed hydroelectric capacity is less than 5,000 MW), 
- natural gas resources, 
- wind and solar energy resources, geothermal resources, among others.
 
Where do you expect private engagement to be most useful in supporting Peru’s power development goals?
 
There are possibilities to export electricity to bordering countries, mainly to Brazil and Chile, which require large amounts of power. Recently the government has submitted a law to allow exportation of electricity to foreign countries. In this sense, private investment in power generation for the export market is expected (mainly hydroelectric and natural gas power plants). In addition, private engagement in the development of renewable energy resources is expected. 
 
What potential do you see for increasing cooperation in power development among the Pacific Alliance Members? 
 
Among others, I see great potential for increasing cooperation in power development in the following areas: 
- cooperation on energy efficiency;
- technology development and development of new renewable energy resources;
- electricity market development in rural areas through the introduction of technology to increase the value added of agricultural and animal production;
- introduction of electric vehicles for public and private transportation.
 
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Shamsuddin Shaikh, Chief Executive Officer, Sindh Engro Coal Mining Company

What will be the relevance of coal-fired power to Pakistan electricity industry in the years to come?

Pakistan is facing shortfall in the supply and demand of electricity. As government is planning to put more power plants, it is expected that demand will grow at a faster pace because of 1) growth in economic activities as result of increased energy supply and 2) associated increased consumption by the domestic consumer as per capita income grows. This means that demand will grow at a rate higher than nominal GDP growth rate. Given the fact that any country needs thermal power plants in its baseload capacity to meet the firm demand, whereas renewables like hydal and wind will match the seasonal portion of demand. Except countries rich in Oil and Gas resources, world has largely relied upon Coal Power Generation for its baseload demand. Pakistan as the Gas reserves are depleting has to shift towards Coal. Currently 10GW of Coal Power Projects are in different stages of Development and construction and it is expected that at least 4GW of Coal Based Power plants shall be online by the end of 2018. 
So in summary Pakistan is emerging as an economy which will be more and more dependent on Coal based power generation in the times to come.
 
In what aspects do you think coal generation is able to support Pakistan’s power development ambitions? 
 
Coal is absolute necessary for the development goals set by Pakistan for itself. The Foremost problem Pakistan facing is poverty. For that Pakistan needs to invest heavily in its Education and Health Sector. State needs to divert its resources currently being spent on providing subsidy on expensive energy and invest such savings into Education and Health Sectors. Secondly cheap and abundant electricity will improve the competiveness of Pakistani manufacturing and services sector. This will result in further job creation. This will also improve the security situation which will reinforce the poverty alleviation objectives. 
 
In this regard Coal based power generation can play an important role in providing much needed affordable baseload electricity. However a balance approach needs to be taken to develop both local coal and imported coal to control fuel price and expeditious availability of electricity. 
 
What needs to improve in transmission and distribution to accommodate the increasing generation capacity?  What role will private investors play in this process?
 
It is expected that expansion of thermal power generation would be towards south of the country and near ports whereas north would become centre of hydal power generation. On the other hand load centre is in the centre of the country. This fact alone highlights the need of improvement in both capacity and availability of high performance transmission system. Similarly distribution system has been at the core of huge T&D losses in Pakistan. Given the scarcity of electricity in the Pakistani sector, such losses should be avoided. It is an established fact that cost/MW of loss prevention is much less than cost/MW of additional capacity of Power generation. 
 
Pakistan has successfully privatised country’s biggest electric utility KESC. New management has brought a lot of improvements in efficiency of the company. Pakistani government is planning to offer more distribution companies for privatisation. On the transmission side, Government of Pakistan has introduced transmission policy to attract private investment in transmission sector. Government is offering attractive returns on the investment. Given the financial condition of NTDC, national transmission company, and huge capital requirements for the improvement and addition to transmission capacity, it is the right step forward and private sector can play key role in the transmission sector.
 
 
 

Press releases

 

The ‘Growing Economies Energy Forum’ – a platform where world’s most bankable investors meet the world’s brightest economies

Press release:  13/04/16

By: Talita Covre

Government representatives will meet leading energy investors and power developers in London at the Growing Economies Energy Forum on 23rd June, to discuss opportunities for investment into the following emerging energy markets: Myanmar, Pakistan, Iran and the Pacific AlliancePeru, Chile, Colombia and Mexico. As these countries open up for international investment following political and economic developments, organisers EnergyNet will facilitate a platform for discussion between investors and governments.

The meeting was created as a response to the huge demand for energy access in these important markets. Myanmar alone requires an estimated investment of US$444 million annually over 15 years, investment opportunities of around US$20 billion.

In Pakistan, a potential regional hub for energy development is another hugely important market.  Sindh Engro Coal Mining Company’s CEO, Shamsuddin Shaikh, commented that their ‘Thar’ project has a potential to “produce 4000 MW for next 50 years. Total foreign exchange savings for 4000 MW of Thar coal based power plants are estimated at more than USD 50bn.”

Iran and its global partners needs to invest at approximately US$7 billion every year in power generation and distribution only, just to keep pace with its growing demands. Following the recent nuclear deal, a new era of economic development is set to start, bringing opportunities for investors to engage with one of the world’s biggest energy superpowers.

On the regional scale, the Pacific Alliance accounts for 35% of Latin America’s GDP with a combined need of over US$200 billion of investment needed to move forward power development projects. Speaking about country's first-ever private auction, Mexico's Deputy Electricity Minister, Cesar Emiliano Hernandez, confirmed to speak at the Growing Economies Energy Forum, says “the contracts are expected to generate more than $2bn in investment by 2018”.

Co-located with the world’s largest global conference for Africa’s energy and infrastructure sectors, the Africa Energy Forum, the Growing Economies Energy Forum will bring together 2,000+ credible investors and developers from 82 countries that specialise in growing and emerging markets.

Simon Gosling of EnergyNet commented, "This is an unbelievable opportunity for electricity starved economies to tap into an extraordinary pool of the world’s most experienced power developers and investors, such as the DFIs who all have a large presence at the forum – if government are serious about solving their energy issues, there is no better place to start.  It is also quite an exciting proposition for our long standing partners to quickly understand the scale of the opportunities arising in Myanmar, Iran, Pakistan, Peru, Colombia, Mexico and Chile – I’ve certainly not experienced a meeting with such a diverse gathering of countries all seeking common solutions."

Confirmed speakers include:

·         Dr Cesar Emiliano Hernandez, Sub Secretary of Electricity, SENER, Mexico

·         Paula Estévez Weinstein, Head of International Affairs, Ministry of Energy, Chile

·         Jesus Tamayo, Executive Director, Osinergrim, Peru

·         Luis Alberto Haro, President, Electroperu, Peru

·         Shamsuddin Shaikh, Chief Executive Officer, Sindh Engro Coal Mining Company

·         Asif Saad, Chief Operating Officer Distribution, K-Electric Limited

·         Liang Xuan, Director Middle East and North Africa, Goldwind International Holdings (HK) Limited

·         Nicolas Leong, Business Development Manager, South East Asia, Wärtsilä Energy Solutions

·         Jason Zhengrong Lu, CFA, Acting Head, Global Infrastructure Facility, World Bank Group

 

View the meeting brochure here

For more information about this meeting:

Meeting date: 23 June 2016
Venue: InterContinental London - The O2, United Kingdom
Contact: Alexandra Cianciara, Marketing Executive
E: alexandra.cianciara@energynet.co.uk
T: +44 (0) 207 384 7936