9th CEE Energy Conference: Financing Future Energy

The 9th edition of EEL Events’ CEE Energy took place in the fantastic 5* InterContinental Hotel, Warsaw (19-20 March 2013). With over 140 delegates registered from 20 countries, this year’s forum provided a unique opportunity to discuss in depth regional issues and thoughts through focused key-note speeches, dynamic panel discussions and during many a networking session.

 

Special thanks should be given to our Sponsors: BEITEN BURKHARDT, Clifford Chance, TARK GRUNTE SUTKIENE and Novenergia; as well as our Official Partner and Cocktail Reception Host: UKTI, Cocktail Reception Co-Host: PwC, Official Partner: IPFA, and Official Media Partner: Bloomberg New Energy Finance.

After an introduction to the forum by Conference Chairman, Mr Henryk Baranowski (Republican Foundation), we were delighted to welcome HE Ambassador Robin Barnett, British Embassy in Poland who provided a key-note welcoming address, before Polish Ministerial representatives officially opened this year’s forum. Ms Malgorzata Mika-Bryska (Director at the Energy Department) first provided a detailed overview of the Ministry of the Economy’s strategy, most notably highlighting the need for cost-efficiency and competition. Whilst Mr Antoni Falkowski (Advisor to the Minister and to the Chief National Geologist, Ministry of the Environment) then proceeded to offer an in depth analysis of the shale gas market in Poland, emphasising how domestic gas production has the potential to liberalise the market.

The first feature presentation of the day was provided by Mr Sergey Boyarkin (Rusatom) who left the audience in no doubt that Nuclear is “definitely still alive”, and a feasible as well as economically viable option to power the future CEE energy market. The following panel discussion facilitated further discussion regarding other options that are available and the extent to which renewables are really being supported in the region. Participants included: Mr Parker Snyder (Cleantech, Poland), Mr Maciej Bando (Energy Regulatory Office, Poland), Mr Wolfram Rehbock (Arzinger / EUEA, Ukraine) and Mr Martin Sik (Energy Regulatory Office, Czech Republic) who each drew upon their own experiences and put forward suggestions and solutions of how Poland can learn from other CEE countries’ mistakes. Attendees then had the chance to refuel and begin introductions to one another during the first networking coffee break of the day.

The second morning session dedicated to the CEE electricity market swiftly followed, with opening key-note address by Ms Irina Peltegova (ICIS) who covered key regulatory changes and impact of market coupling. The following panel discussion provided the perfect opportunity not only for all panellists to vocally share their thoughts and concerns, but for the audience to fully get involved and question what is really needed in the region. Led expertly by Panel Chair, Mr Piotr Syryczynski (WS Atkins), and panellists: Mr Christian Todem (Austrian Power Grid AG, Austria), Mr Wolfgang Krewel (Alstom Grid, Germany), Mr Konrad Purchala (PSE, Poland), Mr Bartosz Wojszczyk (GE Energy, United States of America), Mr Pavel Vagner (CEPS, Czech Republic), and Mr Virgilijus Poderys (LITGRID AB, Lithuania); this discussion was most certainly informative and technical, as well as lively and at times political.

After a well deserved lunch and a further chance to swap business cards, attendees returned to the conference room for the feature session on ‘Powering Ukraine’. Mr Oleksiy Feliv from sponsor BEITEN BURKHARDT, provided insight into the renewable sector, before Ms Darya Revina (ICC Ukraine) opened this session’s panel discussion allowing for further analysis of how investors can “realise” the substantial opportunities available and overcome inherent challenges. Panellists included: Mr Oleksiy Feliv, Mr Wolfram Rehbock, Mr Andrzej Szczesniak (Independent expert, Poland) and Mr Oleg Muravyov (Green Energy T, Ukraine).

The final session of the day – ‘Gas’ - was opened by Mr Vilius Bernatonis from sponsor TARK GRUNTE SUTKIENE, whose key-note presentation allowed the audience to gain further insight to the Baltic market and potential impact for the region. Mr Pawel Sek (Gaz-System, Poland) then took to the stage outlining the natural gas and infrastructure developments in Poland. Day One drew to a close with panel discussion led by Ms Nina Grall-Edler (Energy Community, Austria) with representatives from: Mr Jacek Brandt (Polish Power Exchange S.A., Poland), Mr Andras Pentek (MOL Group, Hungary), Ms Aysegul Riemens (Riemens Commodity Solutions GmbH, Switzerland), Mr Mariusz Calinski (Grupa DUON S.A., Poland) and Mr Pawel Sek; who each provided their own perspectives on the role of shale gas, LNG, and other supply routes such as South Stream for the region.

Day One closed with great applause and a cocktail reception co-hosted by the UKTI and PwC, with feature addresses by HE Ambassador Robin Barnett and Mr Tomasz Baranczyk; allowing participants to relax over a glass of wine and hot buffet.

Day Two was opened by Ms Barbara Koszulap (National Fund for Environmental Protection and Water Management, Poland) who presented a great overview of issues to be discussed throughout the day including: risk allocation and financing renewable projects.

Ms Anna Czajkowska, (representing Official Media Partner Bloomberg New Energy Finance) proceeded to review regional market trends and the proposed Polish Renewable Energy Act, which was well-received by the audience who had many a question that Ms Czajkowska expertly answered. Ms Laura Dzelzyte (CF Partners, United Kingdom) followed with an important presentation on carbon as a commodity and regulatory objective.

Following this session’s close and a further networking break, the second morning session dedicated to the ‘Financing of energy projects’ swiftly got under way. With highly focused presentations from a variety of backgrounds, the audience learnt differing international banking and fund perspectives and risk models. Feature speakers included: Ms Agnieszka Gajewska (Infralinx Capital, Poland), Mr Rodney Kincaid (Balmoral Capital Partners Inc., United States of America), Mr Mathieu Richard (from sponsor Novenergia II – Energy & Environment, Luxembourg) and Mr Martin Mayr (UniCredit Leasing S.p.A., Austria). Mr Adam de Sola Pool (Environmental Investment Partners, Poland) enthusiastically chaired the following financing panel discussion, encouraging extensive audience participation, whilst drawing out a few “rosy” words from panel participants including: Mr Martin Mayr, Mr Chris Jasiak (Esperotia Investments, Poland), Mr Jan Dziekanski (BGK, Poland), and Mr Grzegorz Zielinski (EBRD, Poland).

After lunch, Mr Rafal Hajduk (Norton Rose, Poland) described the crossroads that renewable energy projects face in Poland, before Mr Oleg Muravyov (Green Energy T, Ukraine) and Mr Gyorgy Horuczi (SWR GEOPOWER Ltd., Hungary) presented individual opportunities in the biomass and geothermal sectors respectively. The conference closed with a final targeted discussion assessing what really needs to be done for renewable projects in the CEE region and most especially within the Polish market. The conclusion was reservedly optimistic, with a keen emphasis that support and investment is most certainly available.

 

EEL Events thanks all who sponsored, partnered, and attended our successful CEE Energy 2013 and we look forward to welcoming you back to one of our future energy events, including our 6th Balkan Energy Finance Forum and 5th Baltic Energy Summit. If you would like to be involved as a sponsor, speaker, panellist or delegate please contact one of your representatives.

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