Power Purchase Agreement Management Master Class
Grand Copthorne Waterfront Hotel Singapore,
13 - 15 March 2012
PPA is the master agreement governing Independent Power Producer activity. For most under this agreement they are prohibited from selling neither directly into the grid, nor to consume power that the produce directly. PPA typically involves the following stakeholders; IPP developers (purpose built corporation), financing agency (banks, soft loan agency, government guarantee), regulator, energy supply company (oil, gas, coal, or renewable), EPC contractor, sovereign power, lawyer/legal advisor, and consultants.
The economics of IPPs depend essentially on the sustainability of the long-term power purchase agreements (PPAs) on which they are based. In practice, the reliability of the return for investors is secured through government guarantees for the PPAs, and governments are even finding themselves liable for the cost of political risk insurance claims paid through national (e.g. OPIC) or multilateral (e.g. MIGA) export credit agencies. The effective cost and risk involved in IPPs has turned out to be significantly higher than anticipated, which has led to major stresses on the finances of governments and power authorities in many countries.
The most dramatic illustrations have been seen in the past and continuing lawsuits in India, Indonesia and Pakistan, which have prioritised the enforcement of contracts rather than the challenging of corrupt processes, but the inflexibility of PPAs is imposing rigid and costly burdens on other systems, including Thailand and the Philippines.
Governments may become more reluctant to enter into such guarantees, especially in the light of the recent acknowledgement by the IMF that such PPAs and guarantees contain debt-like obligations and contingent liabilities which should be quantified in assessing their relative attractiveness compared with direct public sector investment in power plants. The Chinese government has already decided (in 2002) to void any guarantees of profits for foreign investors, which will leave IPPs exposed to higher levels of risk.
Asia is facing a power crisis, population growth and demand are outstripping supply everywhere. Production year on year for combustible source increased by 8%, for renewable it is 110% ; for 2010 vs 2011.
There are many moving pieces affecting the future of electric power development in Emerging Market. There are pressures to change from reliance on coal-fired and other fossil-fuel sources of new lower-carbon power generation. Asia has the fastest electricity growth rate in the world, and it is where the electric sector issues will play out. To attract international capital necessary for electric power capacity expansion, many Asian countries must restructure their electric power sectors to allow independent power development – which is a big change.
There is a significant change enveloping electric regulation in Asian Countries. This structure is critical, as electric service is a public good and provided with significant public sector regulation, intervention, and active regulatory role in its implementation.
We will interactively cover examples of electric sector changes in several leading Asian countries in which the session leader has worked, and have workshop participants work on key variables of energy resources, government type, role of the energy regulatory, indigenous renewable potential, and nature of transmission infrastructure, and examine Best Practices going forward.
This workshop, led by an international power attorney and professor involved as an expert across Asia for the past 20 years, will navigate attendees through this new landscape with interactive exercises and dynamic presentations.
- ANALYZE current issues surrounding IPP development in Asia
- UNDERSTAND PPA as a Master Agreement and an Administrative Tool
- ANALYZE the relationship between Public, Private, and Government sector
- UNDERSTAND risk in IPP development project
- EXAMINE a PPA through interactive case study
- EXPLORE a PPA relationship with EPC, O&M, Fuel Supply, and Interconnect Agreement
- ANALYZE escape clauses, its implication, and its administration
For full agenda, please email us your detailed contact information to enquiry@neo-edge.com
Steven E. Ferrey
- Professor of Law (Suffolk University School of Law, Harvard University Law School, and Boston University Law School), Fulbright fellow.
- Previously Consulting Counsel for DEWEY & LEBOEUF LLC, MINTZ, LEVIN, COHN, FERRIS, GLOVSKY & POPEO, and GASTON & SNOW
- Advisors on various sovereign power project worldwide
- Legal Consultant and Advisor in energy sector; PPAs, tariff design, energy sector restructuring and privatization, energy sector financing, innovative financing, and renewable energy projects.
- Advisor on privatization and sector reform for the World Bank and foreign governments in Asia, Africa, and Latin America
Steven Ferrey is Professor of Law at Suffolk University Law School in Boston, and also has served as Visiting Professor of Law at Harvard University Law School, and Boston University Law School. He teaches Energy Law, Environmental Law, and Business Contracts. Over the past two decades, he has served as a principal legal advisor to the World Bank and to the United Nations on their electric sector restructuring , independent power, and climate change mitigation projects in developing countries in Southeast Asia, including Indonesia, Thailand, Sri Lanka, India, Cambodia, and Vietnam.
Professor Ferrey is the author of 7 books on energy issues, including: Renewable Power in Developing Countries, 2006, Unlocking the Global Warming Toolbox, 2010, and The Law of Independent Power, 29th edition, 2012. He also has published more than 100 articles on these topics. For more about Professor Ferrey and to see a list of his qualifications, Presidential appointments, work in Southeast Asia and Africa, and publications and books; please go to his University Law School website at http://www.law.suffolk.edu/faculty/directories/faculty.cfm?InstructorID=21.
This workshop will draw on Professor Ferrey’s experience as both an international energy attorney creating PPAs and key legal documents, as well as an advisor to several Southeast Asian countries on their electric sector restructuring, small power initiatives, independent power development, environmental regulations, and creative use of CDM subsidies. Covering a broad range of subject, this workshop will arrive at best electric system design practices for Southeast Asia.
All those involved in the Power Purchase Agreement negotiation and implementation : Types of organizations Delegate Fee Please contact us at enquiry@neo-edge.com or customer service hotline at +65 6557 9166 for details. Payment Terms Payment must be made within 5 working days upon your registration in order to guarantee your seat. All payments must quote the delegate name and event code. Payment can be made via the following ways: Cheque Made payable to Neoedge Pte. Ltd. Credit card We accept Mastercard, Visa and American Express Bank Transfer Please refer to the Invoice for our Bank A/C details. All bank charges to be borne by payer. Please ensure that Neoedge receives the full invoiced amount. Unpaid registrations will be billed 40% of the registration fee if you do not attend the event. A complete set of the conference documentation in CD-Rom will be sent to you by post. Substitutions & Cancellations Should you be unable to attend, you may substitute delegates at any time before the event at no extra charge. Alternatively, you may choose to credit the full value of your registration towards another Neoedge event for up to 18 months from the date of issuance. No refunds will be available for cancellations. a. SGD 4985 per delegate (NORMAL)
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VENUE INFORMATION GRAND COPTHORNE WATERFRONT HOTEL Please quote "Power Purchase Agreement Management Master Class" to enjoy Corporate Rate Please enter the following information for each delegate. All fields marked with an asterisk are required. Upon receiving your submission, we will contact you within one working day to confirm your participation. Event Name: Power Purchase Agreement Management Master Class (Event Code: T1203PPA) Venue: Novotel Singapore Clarke Quay, Singapore
The utility purchases the power from IPPs under PPAs. This workshop covers every aspect of utility undertakings: All key contracts, the comparative experience in 5 Asian countries with SPPs, electric sector restructuring, and the future with climate change requirements.
This workshop covers every aspect confronting Ministry and Country Regulators: Electric sector restructuring, regulation of new IPPs and SPPs, regulatory incentives, and every aspect of the key PPA, tariffs, feed-in tariffs, and environmental considerations.
The World Bank, the Asian Development Bank, U.N. agencies, U.S.A.I.D. and Bilateral Development Agencies are major stakeholders and players in addressing the fast-growing demand for power in Asia. The agenda includes major coverage of sector reforms, Asian experience, and future climate change incentives, how to hedge investment risk, and other innovative developments.
This entire workshop focuses on independent power projects in Asia. In an interactive mode, it will navigate through every provision of a power PPA, interconnection agreement, metering protocol, and other key project agreements. Steven Ferrey for a quarter century has worked with international power project development, environmental permitting, investment, operation. He has worked on power projects in Asia since 1993.
This workshop is being led by a well-known energy lawyer and will cover a range of legal documents – up to date analysis of PPAs. Attorneys who handle electric developer contracts, environmental permitting, or project finance and tax will find this workshop useful. For a quarter century, he has worked with international energy law firms with offices in the U.S. and Asia on power project development, financing, environmental permitting, debt and equity investment, and operation.
b. SGD 4595 per delegate (EARLY BIRD || register and pay by 10 January 2012) 
The course fee does not include accommodation
or travel costs. It is recommended to book the hotel
rooms early as there are only limited rooms available at
discounted corporate rate. Kindly contact the following
for reservation:
392 Havelock Road, Singapore 169663
Contact: Priscilla Pey || Sales Coordinator
DID: 6233 1381
Mobile: 9006 2272
Fax: 6233 1166
Email: priscilla.pey@grandcopthorne.com.sg