Sustainable Energy for All NEPAL International Workshop on Best Practices and Business Opportunities for Energy Access Financing OBJECTIVES The workshop will review the success factors of Renewable Energy (RE) financing within and outside Asia and the Pacific, and share knowledge on the development of viable and innovative RE financing models that can be deployed. The key objectives are to: (a) Discuss and highlight successful policies, incentives, and mechanisms in RE financing in Nepal and Asia and the Pacific Region; and (b) Identify and rationalize the services offered by development programs and agencies that provide capacity building and investment facilitation support for energy access enterprises. (c) Discuss on financing modalities carried out by Banks, Financial Institutions and Equity Investors in RE Projects DAY 1-6 th October 2015, Kathmandu 08:30-09:00 Registration 09:00-10:00 Opening Session Chair: Dr. Krishna Chandra Pokhrel, Secretary, Ministry of Science, Technology and Environment 1. Welcome Address Mr. Ram Prasad Dhital, Executive Director, Alternative Energy Promotion Centre (AEPC) 2. Opening Remarks Ms. Veronika Baumgartner, Alternate Executive Director, Asian Development Bank, Manila, Philippines 3. Opening Remarks Mr. Vincent Wierda, Programme Manager, Clean Start Programme, UNCDF, Thailand 4. Remarks by Special Guest Honorable Glenn White, Ambassador Nepal, Australian Embassy, Kathmandu, Nepal 5. Key Note Speech Mr. Yongping Zhai, Technical Advisor (Energy), Asian Development Bank, Manila, Philippines 6. Remarks by Chief Guest Prof. Dr. Govind Raj Pokharel, Vice Chairperson, National Planning Commission and CEO, Nepal Reconstruction Authority 7. Remarks by Chair Person and Opening of the Sessions Rapporteurs: Ms. Ranjana Budhathoki, Winrock International 10:00 11:30 Tea/Coffee Break
11:30 13:00 Session 1: Policy Framework and Programs. This session will provide an overview of the policy framework in RE financing in Nepal and Asia and the Pacific Region, its targets in achieving universal energy access, instruments that have been used in achieving the target. Such instruments include government-initiated programs such as the Central Renewable Energy Fund (CREF) as well as policies and regulatory mechanisms geared towards promoting private investments in RE projects. Government, Development Partners, multilateral institutions, will likewise present their own initiatives, providing analysis on the learning in financing RE projects. Chair: Mr. Ram Prasad Dhital, Executive Director, AEPC 1. Regulations on RE Financing and Repatriation of Capital in Nepal Representative from Nepal Rastra Bank. 2. Barriers to Energy Financing in Nepal and the CREF Initiative Mr. Prithvi Gyawali, Head of CREF Secretariat. 3. Development Partner s perspective on RE financing in Nepal United Nation s Capital Development Fund. 4. Presentation on policy framework concerning RE financing in India, Ministry of New and Renewable Energy (MNRE), Government of India. 5. Subsidized Mini Hydro: Bankability Perspective and Policy Challenges Mr. Anand Pradhan, Hydro Power Specialist Rapporteurs: Ms. Sudipta Shrestha, Winrock International 13:00-14:00 Lunch 14:00-15:30 Session 2: Regional Experience in Renewable Energy Financing: Organizations in the region that have successfully implemented RE financing models will share their strategies and experiences, with a view to discuss with local financing players in Nepal how such models can be adapted to Nepal s specific barriers and risks. Chair: ADB 1. Working Capital Financing Nabin Bhujal, Director, Suryodaya Urja Pvt. Ltd. 2. Innovative Financing Products for Renewable Energy - ICICI Bank (TBC) 3. Pro Poor Public Private Partnership Initiatives UNESCAP 4. Attracting Private Sector Capital through Public-Private Partnerships - Infrastructure Development Company Limited (TBC) 5. Capacity building and Investment facilitation support for RE financing in Nepal Coy Navarro, ADB Panel discussants/reactors: 1. Financial institutions in Nepal 2. AEPC/CREF 3. Development Partners
Q&A Rapporteurs: Ms. Aayusha Shrestha, Winrock International 15:30-16:00 Tea/Coffee Break 16:00-17:30 Session 3: Access to Finance: This session will discuss how CREF and other green financing programs address the barriers limiting private sector funding in the energy access sector. Additionally, this session will highlight the challenges and barriers that persist, despite these interventions and discuss what additional development support is required. Chair: Mr. Siddhant Raj Pandey, CREF Investment Committee Member and Chairman, White Lotus Center Pvt. Ltd. 1. Perspectives of Handling Bank under CREF Mr. Anil Gyawali, CEO, Global IME Bank 2. Insurance policy in RE financing- 3. Energy Financing Experience of Ace Bank Mr. Suyog Shrestha, CEO, Ace Bank 4. GIZ s Micro Hydro Debt Fund 5. Microfinance in the Clean Energy Sector Mr. Jeevan Samaj, UNCDF Panel discussion and Q&A Rapporteurs: Mr. Manoj Manandhar, Winrock International 17:30-18:00 Closing Session 4: Moving Forward Moderated panel discussion to discuss take away from the workshop and way forward. Chair: Mr. Suman Basnet Panel members 1. Chair of Session 1- Mr. Ram Prasad Dhital 2. Chair of Session 2 ADB 3. Chair of Session 3 Mr. Siddhant Raj Pandey 4. Closing remarks Ministry of Science, Technology and Environment, Government of Nepal Rapporteur: Mr. Rabin Shrestha, Winrock International 18:00-20:00 Reception and Networking Dinner
Sustainable Energy for All NEPAL INVESTOR FORUM OBJECTIVES Following the previous day s workshop, the second day will feature case studies of energy access projects that successfully received commercial financing. It will also provide an avenue for project developers in Nepal to present their own ideas to potential investors. The objectives of the forum are to: (a) Learn about successful business models and the key factors of success; and (b) Facilitate private investment by linking investors and project developers. DAY 2-7 th October 2015, Kathmandu 09:00-09:30 Registration 09:30-10:00 Opening Session 1. Opening Remarks: Mr. Ram Prasad Dhital, Executive Director, AEPC 2. Presentation on Objectives of the Investor Forum: ADB 3. Re-cap of Investor Forum Workshop: Mr. Binod Prasad Shrestha, Director, Winrock International and ADB Consultant 10:00 11:30 Session 5: Accessing Foreign Investment through Aggregation. This session will explore how the adoption of international standards and its enforcement can play a role in accessing early stage capital from regional investors. Moderator: Mr. Charles Cole B. Navarro, ADB 1. Dispelling the Myth: Mechanisms to Repatriate Capital Mr. Willem Grimminck, One to Watch 2. Maximizing Value by Adopting International Standards Mr. Marco Indelicato, Sun Farmer 3. The Cycle of Standardization and Innovation Mr. Lyndon Frearson, ADB Energy for All 4. An Aggregation Platform for Renewable Energy Mr. Sandeep Giri, Off-Grid Bazaar 5. Benefits of Standardization and Aggregation representative from Dolma Impact Fund Rapporteurs: Ms. Nira Bhatta, Winrock International 11:30 12:00 Tea/Coffee Break
12:00-13:00 Session 6: Case Study of Successful Deal Closures. This session will identify the existing players in the micro/mini hydro ecosystem, and how they can come together to systematically reduce risk and attract private sector investment. Moderator: Mr. Suman Basnet, Senior Renewable Energy Expert 1. Minigrids in Nepal Mr. Sandeep Giri, Gham Power 2. Innovative Business Models in Microhydro Mr. Mahabir Pun 3. Investor Perspective in Financing Minigrids Ms. Barsha Shrestha, Clean Energy Development Bank 13:00 14:00 Lunch 14:00 15:00 Session 7: Improving Operational Efficiency through Technology. The session will feature best practices that can be adopted by RE energy companies to improve their operational efficiency. Moderator: Mr. Charles Navarro, ADB 1. Mobile Payments and Remote Metering Mr. Sanjay Shah, Hello Paisa 2. Strategic Expansion using Satellite Maps Mr. Stewart Craine, Village Infrastructure Angels 15:00 16:00 Session 8: Business plan presentations. Clean energy entrepreneurs will present their business plans to a panel of investors.. Clean energy entrepreneurs will present their business plans to a panel of investors. Moderator: Ms. Resha Piya, Winrock International 1. Project Developer A (Sun Farmer) 2. Project Developer B (MHPI - Teplejung) Remarks by Panelist CREF Handling Bank and Partner Banks 16:00 16:30 Tea/Coffee Break 16:30 17:15 Session 8: Business plan presentations. Clean energy entrepreneurs will present their business plans to a panel of investors. 1. Project Developer C (MHP2- Baglung) 2. Project Developer D 3. Project Developer E Remarks by Panelist CREF Handling Bank and Partner Banks
17:15 17:30 Concluding remarks Mr. Ram Prasad Dhital, Executive Director, AEPC Mr. Kenichi Yokoyama, Country Director, Nepal Resident Mission, Kathmandu, Nepal