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International Conference_Vietnam Renewable Energy: Challenges and Practical Solutions

Share this on Aug 13, 2018 18:15:35

International Conference_Vietnam Renewable Energy: Challenges and Practical Solutions

As a leading market research & business information corporation in Vietnam, with experience in supporting RE project implementation, StoxPlus, in collaboration with Eurocham Vietnam, is organising this conference “Vietnam Renewable Energy: Challenges and Practical Solutions” on 23rd August 2018 in Ho Chi Minh City, Vietnam. The seminar not only provides the platform to share market insights, project implementation, key issues and risks from perspective of project development, financing, M&A and equity investments.


Date of Event: Thursday, August 23rd, 2018

Time: 14:00 – 17:10

Venue: Diamond A, Sofitel Saigon Plaza, 17 Le Duan Boulevard, District 1, HCMC, Vietnam

Co-organisers: StoxPlus & Eurocham Vietnam

Participation Fees: 

For StoxPlus’s customers & Eurocham’s members: 700,000 VND/ per participant

For Non-customers & Non-members: 1,000,000 VND/ per participant

 

Registration: Please email to nhung@eurochamvn.org or call (84-28) 3827 2715 - Ext 126

Co-organised by

 

Online Registration

 

 

 

Background

  • In September 2017, the MoIT issued Circular No. 16/2     017/TT-BCT on the detailed mechanism for encouraging the development of solar power projects in Vietnam, which includes a final template Power Purchase Agreement (“PPA”) and the FiT rate of USD9.35 cents per kWh. In the meanwhile, the Vietnamese government is currently reviewing the FiT rate of USD7.8 cents per kWh in order to further incentivize the development of wind power projects and push forward the country’s 800 MW wind energy target by 2020. It is safe to say that among all the Asian countries, Vietnam now receives the most attention in the field of renewable energy.
  • According to the policy of Vietnamese government, grid-connected solar projects are required to reach COD (commercial operation date) before 30 June 2019 to get the FiT, which means solar developers and investors really need to act fast on selecting their partners and projects to leave sufficient time for signing the PPA, closing the financing and completing the construction.
  • Despite the high FiT and investment incentives, out of 24 GW of renewables’ registered capacity in our database, only 19% made it to construction stage and 8% are in operations. Meanwhile, the majority of renewable energy projects in Vietnam are still at the pre-investment stage due to many issues arising from approval, financing, PPA to implementation. RE developers encountered many challenges in getting the project to the Operations phase, including the questionable bankability of the PPA, the lack of credit rating of the off-taker, and the operational risks that the project faces.
  • Lack of comprehensive information is one of the greatest challenge for investors and developers to maneuver RE opportunities. Even though information about RE projects in Vietnam has been floating around the market, there is no clear information on number of projects, development status, etc. creating confusion and uncertainty for investors, developers, and other stakeholders.

Why we organize this event?

  • As a leading market research & business information corporation in Vietnam, with experience in supporting RE project implementation, StoxPlus, in collaboration with Eurocham Vietnam, is organising this conference “Vietnam Renewable Energy: Challenges and Practical Solutions” on 23rd August 2018 in Ho Chi Minh City, Vietnam. The seminar not only provides the platform to share market insights, project implementation, key issues and risks from perspective of project development, financing, M&A and equity investments.

This Event is co-organized by StoxPlus and Eurocham Vietnam.

 

Main Speakers and Panellists

Mr. Nguyen Ninh Hai

Deputy Director of New and Renewable Energy Department

Electricity and Renewable Energy Authority (MoIT)

Mr. Nguyen Ninh Hai has been working as MOIT’s officer in renewable energy field since 2008. He has undertaken to draft promoting mechanisms and policies for elevating development of renewable energies in Vietnam, including FIT for wind power, biomass, and municipal solid waste to energy and solar, National Strategy on promoting development of renewable energy in Vietnam, and National Master Plan on Renewable Energy in Vietnam.

 

Mr. Hai is also Vietnam focal point of Renewable Energy Subsector Network under ASEAN Energy Cooperation.

 

Mr. Oliver Behrend 
Principal Investment Officer
IFC - International Finance Corporation

Oliver Behrend is a Principal Investment Officer at IFC, responsible for IFC’s infrastructure investments in the Mekong region. Prior to IFC, Oliver developed thermal power plants for EMIC, a JV of E.ON and Masdar, focusing on Middle East & North Africa, Sub-Saharan Africa and South-East Asia. Oliver started his career in the Royal Dutch / Shell group, where he worked on European upstream gas and oil developments and on commercial gas transactions before heading Shell Renewables in Asia. A German national, Oliver holds a Masters degree in Physics from the Swiss Institute of Technology and a Ph.D. in Physics from the University of Edinburgh.

Mr. Pham Minh Tuan

Deputy General Director, Chief Operating Officer

Bamboo Capital Group (BCG)

 

 

Mr Pham Minh Tuan was appointed as Deputy General Director, Chief Operating Officer at Bamboo Capital Group (“BCG”) in August 2017. In this role, he is responsible for managing day to day operations of BCG. Tuan is also responsible for investor relations, involves in growth strategies and value realizations of BCG. Tuan has oversight of BCG’s investing activity in the renewable energy and real estate.  

 

Tuan is a value-oriented professional with expertise on financial planning and strategies. Tuan focuses on promoting strong and flexible strategic thinking to enhance profitability and create solutions. Prior to joining BCG, Tuan worked as a Senior Financial Controller for one of the largest full service brokerage in Canada, where he specialized in financial performance management and financial reporting, assisting with profitability analysis, compensation analysis, and competitive analysis. Prior to that, Tuan worked at Citibank Canada where he was Vice President of Regulatory reporting. Formerly, he worked for PwC in both Canada and Vietnam ​earlier in his career.

 

Tuan holds a Master of Business in Banking and Finance from Monash University, Australia. Tuan is a member of the Association of Chartered Certified Accountants, United Kingdom (ACCA-UK).

Mr. Dang Duong Anh

Managing Partner

VILAF

 

 

To many clients and peers, Dang Duong Anh is one of the most reliable and result-oriented Vietnamese lawyers. Dang Duong Anh’s broad experience covers foreign direct investment, corporate and M&A, infrastructure & energy projects, project finance, tax, real estate and property, mining, automobile and telecommunications.

 

His highlighted M&A transactions include advising Siam Cement Group in acquiring group of cement production companies valued at US$440 million and in acquiring Prime Group valued at about US$240 million; advising Showa Aluminum Can Corporation in acquiring 90% share capital in Hanacans, valued at about US$110 million; advising J-Power in acquiring in and divesting later from Nhon Trach 2 Power Plant; advising Bao Minh Company and SCIC in selling entire equity capital in Bao Minh-CMG to Daiichi Life Insurance, acquisition of a large automobile manufacturer in Hanoi, and other large-scale M&A transactions. His highlighted transactions in infrastructure and project finances include Vinh Tan 1 BOT project which won “Project Finance Deal for Asia 2016” awarded by IFLR, Phu My 3 BOT power project, Kien Luong 1 BOO power project, Ban Phuc nickel mining financing, Thu Duc BOT water project, Oxbow and Enron’s power plants and a large telecommunications project in Hanoi.

 

Chambers and Partners commented him: “Clients rate him for his “substantial knowledge and experience of complex transactions,” which stems from his international background.” IFLR1000 of the year 2012 comments: “Dang Duong Anh is held in high regard by peers and clients alike: “Partner Dang Duong Anh has knowledge and expertise in relation to the international practice in infrastructure projects,” says a client who “highly recommends” Dang Duong Anh.” Market sources described Dang Duong Anh as “very skilled and responsive” (Chambers & Partners 2017).

Mr. Le Xuan Dong, CFA

Director, Business Information Services

StoxPlus Corporation

 

 

Mr. Dong is a Director of StoxPlus where he is responsible for envisioning, planning, developing, and managing Business Information Services (BiinForm) division. Previously, Dong worked for over 10 years as a Senior Investment Manager at BIDV – Vietnam Partners Investment Management (BVIM) with AUM of USD98 million, in charge of sourcing, performing due diligence and valuation of, structuring, executing equity investments for two private equity funds, post-investment monitoring, planning and implementing exit strategies. Prior to BVIM, he was an Audit Manager for 8 years at Deloitte Vietnam.

 

Dong holds a Master of International Accounting degree from Swinburne University of Technology (Australia) and is a CFA Charter holder.

Ms. Vu My Dung

Senior Market Analyst, BiinForm Division

StoxPlus Corporation

 

 

 

Ms. Dung Vu is a Senior Market Analyst responsible for Financial Services projects including Banking, Consumer Finance, Intermediary Payment Services, Bank Card, etc., and works with clients including the World Bank and Japan Economic Research Institute. Besides, she covers Renewable Energy thanks to her previous working experience. Before joining StoxPlus, Dung has worked for four years in the energy sector, with IHS Markit Global as a Downstream Consultant where she supported refinery M&A, valuation, and market entry projects, and with PetroVietnam Exploration and Production Corporation as an Upstream Investment and Business Development Executive. Now based in Hanoi, Dung has had international working experience in Malaysia, the US, and Europe.

Dung holds a Bachelor Degree in International Business and Finance with Magna Cum Laude from Drexel University, USA.


Event details

Venue: Diamond A, Sofitel Saigon Plaza, 17 Le Duan Boulevard, District 1, HCMC, Vietnam

Date: Thursday, August 23rd, 2018

Time: 14:00 – 17:00

Co-organisers:   StoxPlus & Eurocham Vietnam

Other Supporting Commerce Chambers/ Associations: World Bank, IFC, Auscham, Cancham, Kocham, Incham, HKBAV, SBG, etc.

Key themes:

  1. Reviewing the licensed projects and implementation
  2. Discussing key groups of issues in a RE project
    • Licensing issues
    • Financing issues
    • Pre-operation issues
    • PPA terms and issues
    • Technology selection and investment cost
  3. Discussing key risks to a financing firm in a RE Project
  4. Discussing M&A and foreign participation in a RE project

Media Partners: Vietnam Investment Review, Vietnamnews, Vietnam Economic Times, VNExpress

Participants: Representatives from Department of Energy (Ministry of Industry and Trade - MOIT), Renewable Energy developers, Banking executives and banking strategy/ planning executives, Engineering, Procurement and Construction contractor, Institutional investors, Law firms. 

Language: English only

 

Participants

There will be approximately 100 participants from local financial institutions and FDI companies operating in Vietnam attending this Event.

Foreign organizations/companies C-level

  • WB, ADB, IFC …
  • Corporate leaders of FDI and trading houses
  • Institutional investors
  • Financial institutions (commercial banks, investment funds, investment companies)

 

Vietnamese Companies C-level

  • Banking executives and banking strategy/ planning executives
  • Engineering, Procurement and Construction Contractors
  • Renewable Energy Developers
  • Law Firms

Agenda

The Conference will happen in the afternoon of August 23rd, 2018 starting from 14:00 and closed at 17:10.

The programme is subject to change. 

14:00 – 14:30 (30’)

Registration

14:31 – 14:38 (7’)

Welcome & Opening Remarks

Mr. Stefano Pellegrino, General Secretary, EuroCham Vietnam

14:38 – 14:45 (7’)

Speech of the representative of the Electricity and Renewable Energy Authority, Ministry of Industry and Trade

Mr. Nguyen Ninh Hai, Deputy Director of New and Renewable Energy Department,

Electricity and Renewable Energy Authority (MoIT)

14:46 – 15:05 (20’)

Key note presentation: “Review of RE Implementation in Vietnam and Key Issues”

Presented by Mr. Le Xuan Dong, CFA – Director, Business Information Services, StoxPlus

  • Status of RE projects in VN
  • Challenges & mitigation measures:
    • PPA : non negotiable & unbankable
    • FiT : too low to make profits
    • Legal risk related to arbitration rules
    • Counter party risk related to off-taker
    • Operational risk when developers bear all liability of connecting to grid
    • Lack of financing capacity at Vietnamese lenders
  • Synergy between local and foreign partners:
    • Relationships with local authorities
    • Financing support
    • Technical and know-how
    • Project management
  • Common structures of joint RE project between local & foreign developers

15:05 – 15:25 (20’)

Presentation: “Financing a solar project in Vietnam: key issues and recommendations”

Presented by Mr. Oliver Behrend, Principal Investment Officer, IFC - International Finance Corporation

  • The bankability of PPA and a solar project from the bank’s point of view
    • How banks structure loans to overcome obstacles in financing solar projects in Vietnam
    • How RE project developers can improve their loan applications
  • Case study:
    • Example of a syndicated loan where local and foreign banks cooperate and lend to a solar project
    • Example of a corporate guaranteed loan to a solar project

15:25 – 15:45 (30’)

Tea break & Networking

15:45 – 16:45 (60’)

Panel discussion

Main themes:

  • How to overcome obstacles in financing RE projects in Vietnam?
  • How could foreign investors participate in RE sector in Vietnam and applicable investment structure?
  • Key risks in investing in RE in Vietnam?
  • What are the issues in developing and operating a RE project in Vietnam?
  • Experience in structuring a RE transaction from a legal firm
  • How will Vietnam’s RE policies be improved to further support and supervise the sector’s development?

Panellists:

  • Mr. Nguyen Ninh Hai, Deputy Director of New and Renewable Energy Department, Electricity and Renewable Energy Authority (MoIT)
  • Mr. Oliver Behrend, Principal Investment Officer, IFC - International Finance Corporation
  • Mr. Pham Minh Tuan, Deputy General Director, Chief Operating Officer, Bamboo Capital Group (BCG)
  • Mr. Dang Duong Anh, Managing Partner, VILAF
  • Ms. Vu My Dung, Senior Market Analyst, BiinForm Division, StoxPlus Corporation (Moderator)

16:46 – 17:00 (15’)

Q&A

17:01 – 17:10 (10’)

Summarising and Closing remarks

Mr. Stefano Pellegrino, General Secretary, EuroCham Vietnam

Event Registration

StoxPlus and Eurocham look forward to welcoming you at the conference.

RSVP by sending registration via nhung@eurochamvn.org / (84-28) 3827 2715 - Ext 126, or Make online registration via this link before Monday, 20th August 2018.

Contact

For any inquiries related to this event, please contact our Customer Service Department:

Ms. Nguyen Huyen Trang

Business Information Advisor, BiinForm

Email: trang.nguyenhuyen@stoxplus.com

Mobile: +84 (0) 96 936 4969

Tel: +84 (28) 3933 3586/85

Source: StoxPlus