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Day one, February 24, 2009
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8am | Registration and coffee
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9am | Chairperson’s opening remarks
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| WATER DEMAND + SUPPLY CHALLENGE = INVESTMENT OPPORTUNITY |
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9.10am | Western keynote address: implementing a paradigm shift in approaches to water management
“For many years we have attempted to change the environment we inhabit. With the onslaught of the drought and the rude wake-up call that climate change is bringing to the entire western United States, we have realized that it is in fact us that needs to adapt to the desert. But how?” |
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9.40am | Eastern Keynote address: a forthright assessment of the challenges in supplying water to the people
- The need for substantial capital investment, PPPs, strategic alliances and acquisitions
- Adapting to comply with strict environmental, health and safety standards
- Economic regulation at state level, and across local governments
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10.10am | Keynote panel: what infrastructure is needed? And where do we look for investment?
- How will municipal water utilities raise the necessary capital for investment?
- What are the subsequent investment opportunities in both utilities and infrastructure services?
- What do utilities companies need to encourage this investment?
- Single-tariff pricing?
- Infrastructure surcharges to help diminish regulatory lag?
- Small system acquisition adjustments?
- Commodity cost adjustments?
- How have municipal water utility and clean water revenue bonds performed?
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| | Mr. Ken Kirk, Executive Director, National Association of Clean Water Agencies Mr. Kevin Ward, Executive Administrator, Texas Water Development Board
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10.50am | Refreshments & networking
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| MAKING BIG PROJECTS HAPPEN – FINANCING CRITICAL WATER INFRASTRUCTURE |
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11.20am | Federal address: developing innovative, market-based, and sustainable solutions for water infrastructure financing and management
- The role of water efficiency and conservation in sustainable water systems
- What must be done at local, state and federal level to overhaul the water industry?
- How regulators can help the water industry by providing incentives to attract the necessary investment
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| | Mr. Michael Deane, Former Associate Assistant Administrator for Water, US Environmental Protection Agency (EPA)
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| CASE STUDIES – WATER, MONEY, RISK AND POWER |
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11.50am | Case study: financing and operating the nation's largest seawater desalination facility
- Using private activity bonds to finance a project
- Methods used to transfer risk to the public sector
- Coping with the huge power costs associated with desal
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12.20pm | Networking lunch
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2pm | Case study: working to overcome infrastructure funding challenges
- Identifying and prioritizing infrastructure needs
- The search for financing
- Innovative ideas for energy management
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2.30pm | Case study: Saint Lucia Water and Sewerage PPP – a model for the future?
- A new mixed capital (public and private) company created with no liabilities
- Operational control by an international water company, with a 40% share capital
- Local investors and Government mobilized for 60% of capital, with no operational control
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3pm | Speed Networking
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3.40pm | Refreshments & networking
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| ENVIRONMENTAL MANAGEMENT, REGULATION AND POLITICS |
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4.10pm | Panel: meeting the challenges of environmental management, regulatory issues and cultural barriers
- Can municipalities meet EPA standards on their own, and will this drive the need for private investment?
- What kind of framework is needed to regulate investor-owned utilities?
- What procurement barriers exist in the municipal set-up?
- How can municipalities work to educate local communities?
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| | Mr. Michael Deane, Former Associate Assistant Administrator for Water, US Environmental Protection Agency (EPA) Mr. Dan Sugarman, Vice President, Business Development and Marketing, United Water
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4.50pm | Chairperson’s closing remarks
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5pm | End of day one
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Day two, February 25, 2009
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8.15am | Registration and coffee
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9am | Chairman’s opening remarks
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| WATER PLAYS FOR ASSET OWNERS |
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9.10am | Investment opportunities: niche hunting - emerging water services and their investment potentia
- New ways to extract water
- Trenchless infrastructure technologies
- Smart metering - a sustainable solution to the water crisis
- Water and wastewater treatment - the chemical formula
- Security solutions - anti-terrorism, natural disasters and chemical warning
- Key developments in membrane technology
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9.50am | Asset allocation: brainstorming water’s role in an institutional portfolio
- Assessing water as a long-term investment opportunity – risk/reward pay off, capitalization and cash flow frequency
- Where should water fit into the portfolio?
- Fund structures?
- Infrastructure?
- Clean tech?
- ETFs and indices?
- Small-scale project finance?
- How do water rights work and how are they traded?
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10.25am | Refreshments & networking
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| WATER RESOURCES AS AN ASSET CLASS |
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11am | UTURN!
A new conference concept. During Day One we will have a board for you to post the most pressing topic for your business. At the end of Day One we will aggregate everyone’s votes – and announce the topics and speakers for an impromptu 50 minute panel session on Day Two. So bring your ideas, and be ready to make a name for yourself!
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11.50am | Water resources: an emerging asset class
- Water effluent credits
- Groundwater storage
- Using market based pricing to promote conservation
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| PRIVATE EQUITY AND PROJECT FINANCE FOR WATER INFRASTRUCTURE |
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12.10pm | Private investment: investing in water infrastructure projects through PPPs
- What are the most significant risks for water projects?
- What are the key considerations in financing water projects?
- What do private equity firms looks for in water deals?
- Do we invest in companies or projects?
- Who to partner with on water deals
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| | Mr. Robert Dove, Managing Director, Co-Head of Infrastructure, Carlyle Group
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12.30pm | Networking lunch
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| INTERNATIONAL PRIVATE SECTOR INVESTMENT OPPORTUNITIES |
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2pm | Overview - Latin America: overcoming the challenges in investing in Latin water projects
- Why privatization hasn’t worked so far and key factors for future ccess
- How to find the right partners in Latin America
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2.20pm | Snapshot - Mexico: lessons learned from Mexico’s water privatization
- The Mexican water story so far
- How to tap into the local market
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2.40pm | Snapshot - China: foreign investment in China’s water industry
- Why China has the world’s most acute water problem
- Which companies will take advantage of the $128 billion committed by the PRC to water infrastructure
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3pm | Snapshot - Israel: at the forefront of water treatment technologies
- Identifying high growth segments in the $400B water market
- Investing in novel purifications and treatment technologies
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| | Mr. Eytan Levy, Venture Partner Israel Cleantech Ventures and CEO of Emefcy Ltd., Israel Cleantech Ventures
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3.20pm | Chairman’s closing remarks
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3.30pm | End of conference
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Pre-conference Masterclass, February 23, 2009
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| Doing business in the Latin American water industry |
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8.30am | Registration and morning coffee
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9am | Session 1 – Challenges and opportunities in the Latin water sector
- A brief history of Latin American water projects
- Current need for investment and why this need is not being met
- Key developments in the last decade and the potential for the future
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10.30am | Refreshments and networking
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11am | Session 2 – Latin legal eagle
- Understanding legal and regulatory challenges
- How regulatory frameworks differ across borders
- Tariff setting mechanisms
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12.30pm | Networking lunch
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2pm | Session 3 – Future of the Latin water sector and keys to success
- Public vs. private; PPPs
- Public relations / appreciating the cultural resistance to privatization
- Creating and maintaining partnerships with Latin American water operators
- Finding the right deal
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3.30pm | End of workshop
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Thomas Paolicelli
