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Mon 31 Mar 2008 - Pre-conference Summit
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09.00 | Capital Raising Summit (Sponsored by RW Beck)
Objectives:
This pre-conference summit is designed to address issues and challenges in raising capital for power and energy projects in Asia. It aims to provide participants a comprehensive perspective on the current market situation and how they can capitalize on this development. It will zero in on various prospects and best mechanisms to raise needed capital for existing and forthcoming power development projects. It will end with a panel discussion with leading investors providing different perspectives on what they are looking for when investing in power and energy projects in Asia.
Target Audience:This pre-conference summit is intended for Generation Companies, T & D Companies, National Power Companies and IPPs who are actively searching for capital and funds to infuse into their current or prospective projects. This is specifically designed for CEOs, MDs, Business Development Directors, CFOs, Finance Directors and CIOs. Investment Banks and Financing Firms will also benefit from this Summit by strengthening relations with project proponents and getting first-hand information on what these proponents are looking for.
Session 1
GROWING ENERGY DEMAND AND CAPITAL REQUIREMENTS IN ASIA • Sustaining Asia’s boom through energy security: Challenges and prospects for capital raising
• Identifying mega power plant projects in Asia: Are there enough money to finance this development?
Session 2
CAPITAL RAISING PROSPECTS IN A VOLATILE MARKET• Innovative capital raising models to ensure delivery and sustainability of power generation projects
• Managing risks and addressing common flaws in capital raising for power generation
• Case Study – Showcasing innovative capital raising scheme for a renewable energy project
Session 3
IDENTIFYING THE BEST CAPITAL RAISING VEHICLE FOR POWER GENERATION PROJECTS IN ASIA• Assessing the ups and downs of public listing as a tool for capital raising
• Are infrastructure funds a better alternative? Developments and prospects for power generators
• Direct investment into power assets: is it riskier or more promising?
Session 4
UNDERSTANDING INVESTORS’ PERSPECTIVE IN POURING IN CAPITAL FOR ASIAN ENERGY INFRASTRUCTURE ASSETS• Investment criteria in a fast growing Asian energy market: Investors’ sentiments on Asia’s power sector investment
• Capitalising on Asia’s market liquidity: Is it generator’s or investor’s game?
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19.00 | IPP and Investors’ Night @ Asian Civilization Museum
(open to Pre-conference Summit delegates and invited guests only)
Register early to secure your invitation
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Tue 1 Apr 2008 - Day 1
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08.00 | Registration and morning refreshments
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08.45 | Chairperson's opening remarks
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| GLOBAL AND REGIONAL UPDATES: MEETING ASIA’S
GROWING ENERGY DEMAND BY CAPITALISING ON MARKET
DEVELOPMENTS |
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09.00 | Global Keynote Address - Global energy developments – Achieving clean power generation, energy security and efficiency through regulatory,financing and technological support
• Reviewing the drivers and trends that drive 21st century global
energy development
• Identifying the role of regulation, financing and technology in
achieving energy security and efficiency
• Discussing critical lessons that can be learned from a global
energy player – How can Asian power players address the
increasing challenge of clean power generation and energy
security in the region? |
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09.15 | Regional Keynote Address - Fuelling the growth of the power industry in Asia in an era of soaring oil prices and stronger pressure for clean power generation: What needs to be done?
• Sustaining Asia’s economic boom through energy security –
Implications on the power generation market
• Evaluating the impact of power deregulation, liberalization and
soaring oil prices on the power sector
• Moving forward – What are the imperatives to address the
increasing demand for energy in a carbon constrained world
and increasing oil prices? |
| | Mr Mark Woodruff, Executive Vice President & President - Asia and Middle East , AES Transpower Pte Ltd
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09.30 | Executive Interview with BBC News
• Is Asia’s power sector prepared for escalating oil prices?
• How can pressures on clean power generation, energy security,
energy efficiency in an environment where oil prices are
soaring affect power generation businesses in Asia?
• How are global and regional market developments push and
pull the development of Asia’s power sector? |
| | Mr Mark Woodruff, Executive Vice President & President - Asia and Middle East , AES Transpower Pte Ltd Mr. Rico Hizon, Business & Financial News Anchor - Asia Business Report , BBC
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10.00 | Speed networking
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10.30 | Morning refreshments
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| ACHIEVING ENERGY SECURITY AND EFFICIENCY: POLICY
UPDATES AND MARKET DEVELOPMENTS IN ASIA’S POWER
SECTOR |
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10.45 | Regulators’ Panel Discussion - Policy updates: Addressing energy security in Asia through regulatory development
• Understanding and anticipating country regulatory developments
to address energy security, efficiency and climate change
• Beyond deregulation and liberalization – What needs to be done
to meet increasing energy demand?
• Opportunities and challenges for investors – Where the new
projects and opportunities are? |
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11.30 | Understanding regulatory and market developments in Asia
– Commercial, financial and operational implications on power generation
• The gradual emergence of economic regulation in Asia
• The prerequisites for market-based reforms and the huge risks
when those prerequisites are not satisfied
• Overcoming the enormous challenges of fuel market risk,
climate change and energy security |
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12.00 | CEO Panel Discussion I - Addressing Asia’s growing appetite for power amidst increasing market uncertainties – Understanding plans and perspectives
of power generators in Asia
• Evaluating market developments that impacted critically on
Asia’s power sector
• Identifying operational issues, business challenges and prospects
for growth
• Addressing growing energy demand by accelerating power
generation projects, fuel diversification, technological and
regulatory support |
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13.00 | Networking lunch
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| FUEL MIX ECONOMICS: OPTIONS, INVESTMENTS AND
RETURNS |
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14.00 | Diversification of fuel sources: Greater risk or greater security?
• Balancing energy security and sustainable development –
Impact on the future of power generation in Asia
• Leveraging on regulatory support, regional declarations and
market liquidity to diversify fuel sources
• Addressing common risks and optimising returns of fuel
diversification |
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14.30 | Ensuring the viability and sustainability of energy efficiency projects: Clean energy investment framework
- Understanding rationale and mechanisms of clean energy investment framework
- Examining critical elements of a successful renewable energy project
- Leveraging on clean energy investment framework to address operating and financial challenges
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| | Dr. Ashok Sarkar, Senior Energy Specialist & Energy Efficiency Thematic Leader, ESMAP Energy, Transport and Water Dep't, The World Bank
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15.00 | The Clean Development Mechanism (CDM) - Investing in
energy efficiency and renewable energy through carbon
financing in China
• Understanding the power market in China and exploring
opportunities for investors particularly in the area of carbon
financing
• Promoting viable investments for energy efficiency and
renewable energy through carbon financing in China
• Addressing challenges and securing the huge potential of
carbon projects and financing in China |
| | Dr. Markus Schwegler, Senior Advisor Climate Protection, The Administrative Centre for China's Agenda 21, Ministry of Science and Technology
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15.30 | Afternoon refreshments
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| INITIATIVES FROM OIL AND GAS COMPANIES IN
SUPPORTING A SUSTAINABLE ENERGY DEVELOPMENT IN
ASIA |
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16.00 | Diversifying fuel sources to reduce carbon emission – Learning from the experience of an Oil and Gas Company’s initiative in developing alternative energy
• Examining the role of oil and gas companies in clean energy
development
• Assessing initiatives from oil and gas companies to diversify
fuel sources to achieve clean power generation
• Understanding the risks and rewards of fuel diversification –
Managing risks and optimising rewards |
| | Mr V.V Rao, Director, Business Development, SE Asia, BP Asia Pacific
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16.30 | Oil and Gas Companies’ Panel Discussion - Balancing traditional and alternative fuel sources for power
generation
• Increasing pressure to address sustainable development and
climate change – How does it impact on oil and gas businesses?
• Power generators are moving away from unclean fuel sources
– What can oil and gas companies offer?
• Learning from various oil and gas companies’ initiatives on
clean fuel sources – How can they move forward? |
| | Mr V.V Rao, Director, Business Development, SE Asia, BP Asia Pacific
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17.30 | Chairperson's summary & close of day one
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19.00 | Networking cocktails at the Singapore Flyer
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Wed 2 Apr 2008 Day 2 - Morning
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08.30 | Morning refreshments
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09.00 | Chairperson's opening remarks
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| STEERING THE GROWTH OF POWER GENERATION IN ASIA:
WHAT ARE CEOs DOING? |
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09.05 | CEO interview - Beyond privatization, liberalization and deregulation: Examining the challenges and prospects of power generation in Asia
• Examining demand and supply – How can Asia balance the
equation?
• Energy mix and its role in addressing increasing power demand
• Sustainable development and growing demand – How does
it impact on energy policies and on generation projects in
Asia? |
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09.30 | CEO Panel Discussion II - Taking the road towards carbon-reduced power generation: Improving generators’ initiatives to address climate change
• Deliberating the impact of climate change movement,
increasing oil prices and energy security on the way power
generators are doing their businesses in Asia
• Understanding the perspectives of generators – What are
their issues, sentiments and reservations in moving towards
clean power generation?
• Boosting clean power generation through effective incentive
mechanisms and other regulatory and business support
• Uncovering the potential of renewable energy sources
particularly the contentious nuclear power in achieving energy security |
| | Mr M D Kim, Senior Vice President, Transmission Division, Korea Electric Power Corporation, KEPCO
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10.15 | Asian power development: How challenging can it be? A project lawyer’s perspective
• How has the landscape for power project development changed across Asia over the past decade?
• What have been the critical legal and regulatory challenges in the development of power projects across Asia?
• Has regulation of electricity industries across Asia facilitated greater opportunities for power development?
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10.45 | Morning refreshments
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| EVALUATING THE BUSINESS CASE FOR CLEAN POWER
GENERATION |
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11.15 | CIO/CFO Panel Discussion - Assessing and modelling the risks, costs and returns associated with complying with carbon reduction regulation
• Reducing carbon emission – What does it costs to power
generators and how does it impact on plant’s operation?
• Understanding the perspective of power generators on issues,
challenges and difficulties in transiting towards clean energy
generation
• Identifying measures to cost-effectively integrate carbon
reduction in power generators’ programs |
| | Mr Sakda Sreesangkom, CFO (Senior Executive Vice President - Finance), Electricity Generating Public Co. Ltd Mr Sohail Hasnie, Senior Energy Specialist (Economist) - Infrastructure Division, Asian Development Bank (ADB)
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12.00 | Evaluating the costs and returns in moving into carbon reduced power generation projects
• Understanding project concept , background and structure
• Discussing innovative strategies to secure investment
requirements
• Evaluating project returns and identifying critical factors
responsible for such returns |
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12.30 | Financing renewable energy projects in Asia: Challenges and prospects
• Examining decision criteria in financing renewable energy
projects – What investors are looking for?
• Addressing common issues and challenges in renewable
energy project financing
• Unlocking the potential of renewable energy projects –
prospects for financiers and project proponents |
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13.00 | Networking lunch
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Wed 2 Apr 2008 Day 2 - Stream A
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| CLEAN POWER GENERATION: INVESTMENT FRAMEWORK,
TECHNOLOGY SUPPORT & PROJECT SHOWCASE |
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14.00 | Using the Clean Development Mechanism to finance the introduction of cleaner technology into power generation sector
- Examining CDM’s applicability to the power generation sector
- Identifying project types in the power generation sector
- Case studies and next steps – What needs to be done?
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14.20 | AirBoiler technology for clean coal solution and carbon capture & sequestration for cleaner power generation |
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14.40 | Technology requirements for clean power generation projects
• Understanding the technology roadmap in embarking towards
clean power generation
• Capitalising on advance technologies to improve efficiency
and achieve operational excellence
• People and technology – ensuring effective synergies to
optimise operation |
| | Mr Ben Lau, VP, Business Development, Tuas Power Ltd
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15.10 | Financial opportunities in Clean Development Mechanism
projects: Profiting from clean power generation through
carbon credits
• Uncovering CDM opportunities and evaluating financial potential
for clean power generation
• Leveraging on carbon credits to support financial viability and
sustainability of clean power generation projects in Asia
• Addressing common issues and mitigating risks in CDM
projects to optimise financial return and project performance |
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15.40 | Afternoon refreshments
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16.00 | Renewable Energy Project Showcase - Reviewing implementation and operational challenges in
renewable projects in Asia.
There will be 4 projects to be showcased with each project having 15
minutes to present. Joint Q & A will follow.
• Showcasing new and innovative renewable energy projects
in Asia
• Addressing project implementation and operational issues
• Examining critical elements for a successful implementation
and operation of renewable energy projects
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16.01 | Northwind Power Development Project – Philippines
Dubbed as the first wind farm to be fully operational in the Philippines and
the biggest in Southeast Asia, the 25 MW Wind farm consists of 15 units
of wind turbines which are connected to the Luzon grid and delivers power
to the Ilocos Norte Electric Cooperative via TransCo Laoag. It is also the
first project in the Philippines to have an Emissions Reduction Purchase
Agreement (ERPA) under the Clean Development Mechanism. The ERPA
was signed by NorthWind and the International Bank for Reconstruction
and Development through the World Bank Prototype Carbon Fund. |
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16.20 | Wind/Diesel Electricity Generation Systems
Over the last 10 years Verve Energy in Western Australia has developed
superior wind into diesel (wind/diesel or wind/gas) electrical power stations.
A typical system will consist of about 1000 kW of wind turbine generation
integrated into 2,500 kW of diesel generation. An average wind resource
will generate about 45 % of the electrical load of a small town of 1,500 to
2,000 people, resulting in lower generation costs and lower greenhouse
gas emissions. Verve supplies reliable, high quality electricity from these
types of systems to six Western Australian coastal towns. These power
stations are located between the cyclone-prone tropics in the north of the
State and the south coast, 1600 kilometres away. |
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16.45 | Modular Biomass Power Plant
Modular Biomass Power Plants ensure optimized plant reliability/efficiency
as well as Construction/O&M Costs. MPPL Modular 4.5 MW Rankine
Cycle based Power Plant pioneered firing of Low Density Crop Residues
as well as delivered the world’s first Gold Standard CER’s. MPPL JVC with
Envitec Biogas AG is constructing Modular 1 MW Otto Cycle Power Plants
based on Agricultural Residues/Animal Waste. |
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17.10 | Harnessing the power of wind and waves for electricity,
desalinized water and hydrogen production
Motorwind turbines are able to work at low wind speeds, and in any urban
environments, bringing new potential for urban renewable energy generation.
The Hong Kong Sea School was the first building to have these turbines
installed, with a 27 square meter array of turbines with a rating of 3.5kwh.
These turbines provide renewable energy for some of the lights in one of
the school buildings, while also acting as an excellent learning tool for the
students at the school. Motorwind turbines are now being installed on the
roofs of a number of multinational companies in Hong Kong, and case
studies will be explained at the conference. Motorwave is another new
technology that has the ability to make not only electricity, but also desalinized
water and hydrogen, all from the power of waves. Its unique design and
low production costs make it an optimal solution for tapping the large
potential resources that the ocean has to offer. The lightweight versatility
of the units means that they can be used (and afforded) by small coastal
communities or for large wave farms. |
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17.30 | Chairperson's summary and close of day 2
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18.00 | Asia Power & Energy Trivia NIght at Grand Ballroom, Hyatt Hotel
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Wed 2 Apr 2008 Day 2 - Stream B
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| POWER PLANT MODERNISATION & OPTIMIZATION |
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14.00 | PAS-55 - Effective asset management for power and energy
utilities in Asia (Session by Lloyd's Register)
• PAS-55 - Fundamental elements and how it can enhance the
safety, quality and reliability of power and energy assets
• Minimizing risks and optimizing the performance of power
facilities through the implementation of a universal specification
for asset management
• Implementing good-practice asset management – the route
to PAS-55 certification
• Global experiences of PAS-55 compliant systems
implementation - the challenges and benefits |
| | Mr Mark Jarman, Vice President, Risk Management Services, Asset Management, Lloyd's Register Asia
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14.30 | Embarking into advanced technologies to drive cost efficiency, lower carbon emission and operational excellence
• Building the business case of advanced technologies
• Addressing common issues and objections against new
technologies
• Modernising power plant operation as a means to achieve
efficiency and improve productivity
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15.00 | COO Panel Discussion - Identifying critical measures to optimise your power plants’ performance and efficiency
• Discussing common problems and failures in power plant and
modeling risks and financial losses
• Identifying effective monitoring and corrective system to
determine critical bottlenecks in power plant operation
• Understanding and improving process control to avoid
performance losses and enhance profitability |
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16.00 | Afternoon refreshments
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16.30 | Modernising power plant for energy conservation, safety and reliability
• Reality check – Discussing the gravity of risks and security
threats in power plant operation
• Proactive approach – Examining the readiness of power plants
to promote energy conservation, safety and reliability
• Protecting your assets from security and terrorism threats –
What needs to be done? |
| | Mr. Girish Singh, Advisor Technical, UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED
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17.00 | Examining new technologies to address climate change and
energy efficiency
• Enhancing the performance, efficiency and safety of power
plants through advanced technologies
• Embarking into new technologies to help address the issue
of climate change
• Addressing common issues and challenges in utilising new
technologies |
| | Mr. Dennis Welsch , Senior Vice President for Environment & Safety , American Electric Power
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17.30 | Chairperson's summary and close of day 2
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18.00 | Asia Power & Energy Trivia Night @ Grand Ballroom, Hyatt Hotel
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Thu 3 Apr 2008 - Day 3
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09.00 | Chairperson's opening remarks
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| FINANCING MODELS, OPTIONS AND CHALLENGES FOR
POWER GENERATION |
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09.05 | Global Keynote: Financing Asia’s growing appetite for energy through Infrastructure Fund: Risks and returns
• Outlining critical investment requirements for Asia’s burgeoning
energy market
• Evaluating investment targets that promise optimal returns
• Addressing business-critical issues affecting Asia’s energy
industry’s bankability |
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09.30 | Examining models of financing power generation projects:
Which model best fits your financing requirements?
• Discussing emerging financing models for the expanding
energy industry in Asia
• Identifying helpful criteria to decide which model is appropriate
and best for your projects
• Reviewing some issues that may make or break your financing
deals
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10.00 | Ensuring financing support: How can you make your power
projects bankable?
• Identifying critical elements of a good and bankable power
project
• Assessing and meeting different requirements of investors
• Unraveling some helpful tips to effectively secure your financing
requirements |
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10.30 | Morning refreshments
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| MITIGATING FINANCIAL, POLITICAL AND OPERATIONAL
RISKS IN POWER GENERATION |
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11.00 | Assessing effective risk management strategies to ensure
sustainable and profitable operation of power generation
• Examining common risks factors in power generation in Asia
• Discussing the impact of these risks in your projects
• Identifying effective risk management strategies to manage
these risks to ensure successful and sustainable operation |
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11.20 | Legal risk management and efficiency in the procurement of power facilities
• A war for resources; a war for talent – market conditions, challenges and the signal to adapt
• Nothing new under the sun? A pan from classical through hybrid structures
• Key strategic evaluation criteria
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11.40 | CRO Panel Discussion - Anticipating and managing traditional and modern day risks in power generation
• Determining common risks in Asia’s power generation
environment
• Measuring and managing key risks – market, operational,
political, financial risks
• Different perspectives in managing and addressing risks
• Advancing risks management – proactive approaches to
managing risks in power generation |
| | Mr Mark Jarman, Vice President, Risk Management Services, Asset Management, Lloyd's Register Asia
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12.30 | Networking lunch
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| NEW GREENFIELD AND BROWNFIELD PROJECTS’
SHOWCASE |
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13.30 | Project Showcase - Outlining new project developments in Asia
There will be 4 presentations with each presenter having 15 minutes to
present and 15 minutes for Q & A.
• Analysing project background, structure and investment
requirements
• Risks and return analysis – project yield assessment
• Identifying avenues of opportunities for investors
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13.31 | The Paiton Expansion Project - Unit 3
Developed by PT Paiton Energy, the developer/owner/operator of the
1,230MW Paiton Swasta I coal-fired power plant in East Java, Indonesia,
the Paiton Expansion Project will be a single 800MW supercritical coal-fired
unit, located on the Paiton Power Generating Complex, and is scheduled
for commercial operation in late 2011. The foreign shareholders of PT
Paiton Energy are Mitsui & Co. Ltd., International Power plc, and Tokyo
Electric Power Company Ltd. The Paiton Expansion Project will be the
largest single power generating unit in Indonesia, and with 2,030MW of
total installed capacity, PT Paiton Energy will provide more than 10% of
the electricity generated on Java-Bali. In this session, James will highlight
financing challenges and opportunities for further expansion of Paiton
projects. |
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14.00 | Investment opportunities for hydropower development in
Bhutan
The hydroelectricity power sector is the single biggest revenue earner of
Bhutan. Bhutan’s hydro-electricity power potential is estimated at over
30,000 MW. Out of which, safe and exploitable water resources potential
are estimated at 16,000 MW. India has helped Bhutan in the development
of its hydro-power resources in a big way and with rapid economic
development in India there remains a huge potential for exporting power
to India. This session will showcase current and potential hydropower
projects in Bhutan and some opportunities for investment. |
| | Mr. Yeshey Wangdi, Director General Department of Energy , Ministry of Trade and Industry
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14.30 | 1050MW Maithon Right Bank Project in India
1050MW Maithon Right Bank Project is being set up by Maithon Power
Ltd a JV between Tata Power(74%) and Damodar Valley Corpn(26%). This
is a good case of Public-Private sector partnership. The project had been
lingering for many years (last 10years) and only now it has achieved financial support. The project will supply power mainly to Northern Part of India especially Delhi. In the presentation, Praveer will highlight financing issues, challenges and opportunities as well as typical concerns and issues in
executing green field power generation projects in the country |
| | Mr. Praveer Sinha, Project Director for Eastern Region Projects, The Tata Power Company
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15.00 | Investment opportunities in the power sector in the Philippines
The Philippines Energy Independence Agenda are anchored on the energy
sector goals of achieving 60 percent energy self-sufficiency by 2010 and
the effective implementation of reforms in vital energy industries. These
reforms will open up investment opportunities for global investors in the
power generation and transmission in the Philippines. Opportunities both
in traditional and renewable energy sources abound as privatization and
deregulation come in full swing. |
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15.30 | Afternoon refreshments
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16.00 | Site Tour - Sembcorp Cogen, Jurong Island or Pfizer's Biggest Manufacturing Facility in Asia using Trigeneration Facilities
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Fri 4 Apr 2008 - Post-conference Masterclasses
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08.58 | Masterclass A - Asset and Risk Management - A three way approach to combine RBI, Risk Management and PAS 55 conformity
Objective
Coordinating Assets and Risk Management to increase safety, optimize operational excellence and increase investment yield and competitiveness.
Operational safety and optimisation of business processes can go hand in hand. In this master class we look at asset management from 3 angles and show you ways to interlink them.
The first point of view is on the equipment side. Asset Integrity Management of critical equipment in power plants, using Risk Based Inspection technologies, will result in focused maintenance that increases operational safety and reliability and optimises maintenance costs.
Secondly, there is the human factor. Even with the safest and best managed assets, human error will still be a serious factor to influence safety and reliability. Well focussed risk assessments and risk engineering, combined with dedicated safety training, can identify and deal with these critical human factors, creating an overall safety culture in your company.
Finally, all systems, plans and procedures used in a power company to a assure asset management should come together in one centralised management system. PAS 55 is an international standard that provides a framework for asset management. Well established in the UK power industry, the standard is gaining recognition around the world. PAS 55 can be the guidance to coordinate all asset and risk management activities.
Target Audience
This masterclass is valuable for:
• Asset/Equipment and Facility Manager
• Head of Operations
• Quality Assurance Director
• Health & Safety Director
• Head of Maintenance
From these companies:
• Power generation companies
• Transmission & Distribution companies
• Asset manufacturers supplying power & utilities industry
• O&M companies assisting power & utilities industry
Facilitator:
This masterclass has been developed and to be delivered by experts from Lloyd’s Register Asia. Benefit from Lloyd’s Register’s years of experience in assisting power and utilities companies in the safe optimization of the performance of engineering assets, its global reach and technically qualified staff in assuring operational excellence and thereby investment yield and competitiveness. Lloyd’s Register provides risk management and high end engineering consultancy solutions throughout the complete lifecycle of assets, from concept, evaluation and design, through in-service operation and maintenance, to plant-life extension and decommissioning. |
| | Mr Mark Jarman, Vice President, Risk Management Services, Asset Management, Lloyd's Register Asia
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08.59 | Masterclass B - Improving Reliability and Efficiency through Renovation & Modernization of old Power Plants
Objective
Power Plant Renovation & Modernization is a cheaper and faster way to add power generating capacity. Application of modern technology provides a safer, reliable and economical operating system to the power plant. Increase in the efficiency has a direct impact on reduction in per unit fuel consumption.
At the same time, there is reduction in the green house gases and reduction in environmental degradation. The workshop aims to enhance course participants’ capabilities to plan for renovation & modernization scheme for their units for producing higher, safer, reliable, economical power generation with reduced environmental impacts. It shall identify common issues and obstacles in plant modernization and offer strategies to address these challenges.
Target Audience
This will benefit Chief Operating Officers, Chief Technology Officers, Power Plant Managers, Health Safety and Environment Managers, Power Plant Developers, Engineers, Regulators, Financiers Agenda
• Renovation & Modernization (R&M) is widely preferred option for increasing generation, reducing operating costs in short duration at lower costs
• Reduction in environmental impacts due to R&M
• Life extension of very old units through rejuvenation
• Enhancing overall efficiency through R&M
• Advantages of C&I renovation
• Case studies
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| | Mr. Girish Singh, Advisor Technical, UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED
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09.00 | Masterclass C - Modeling Energy Spots, Forwards and Options with Applications in Energy Trading, Risk Management and Physical Assets Valuation
ObjectiveThis masterclass aims to present and further develop a new approach to modeling energy spot prices with spikes. In contrast to other approaches, this session will model energy spot prices with spikes as a non-Markovian stochastic process that allows for modeling spikes directly as self-reversing jumps.
Illustrations will be made on how this approach can be used to price and hedge energy derivatives for energy spot prices with spikes. Applications of this approach in trading, risk management and physical assets valuation will also be discussed.
Target AudienceQuantitative Analysts, Financial Engineers, Risk Managers, Portfolio Managers, Structures, Retailers, Originators, Traders, Economists, Market Analysts
Agenda• Modeling Energy Spots and Forwards
• Pricing and Hedging European Energy Options
• Pricing and Hedging Multi-Commodity European Energy Options
• Pricing and Hedging Exotic Energy Options |
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Nick Akins
Mark Woodruff
Alan Chan
Roy Adair
Fai Au Yeung
Eddie Widiono
Colin Tam
Mark Takahashi
Fazil Erwin Alfitri
Ong Boon Hwee
