PAST Webinar: Currency Risk and Convertibility Issues for Nigerian Solar/RE Projects

March 15, 4:00 PM - 5:00 PM CET (RECORDINGS AVAILABLE NOW)


In preparation for The Solar Future Nigeria, we hosted a second webinar, focused on currency risks surrounding Nigerian Solar and RE projects.

1 – A view on Nigerian macro-economics, Naira volatility and USD liquidity
Practical evidence and key drivers of exchange rate volatility and Naira convertibiltiy

2 - Currency and convertibility risk in the Nigerian energy sector
Both on-grid and off-grid, how do these risks features and who bears them? Can they be managed?

3 - Solutions and sources
What mitigating solutions, providers and products are available and/or required?

4 - Q&A

PER VAN SWAAY /// SENIOR VP - TCX
Per van Swaay joined TCX in 2010 and is responsible for TCX business development in Africa. Prior to TCX, Per worked in African project finance at FMO, the Dutch Development Bank and before moving into banking and development finance, he worked as a corporate lawyer in Holland and the US. TCX is a special purpose fund to hedge the currency and interest rate mismatch that is created in cross-border investments between international investors and local borrowers in frontier and less liquid emerging markets.
PER VAN SWAAY
SENIOR VP - TCX
DENESH SRISHANKER /// SR. INVESTMENT ADVISOR - GUARANTCO
Denesh has over 10 years of banking experience, spending the last 6 years focusing on infrastructure in emerging markets with GuarantCo, looking at the origination and structuring of both project and corporate finance transactions utilising credit products. Prior to this he worked at Barclays Capital in London.
DENESH SRISHANKER
SR. INVESTMENT ADVISOR - GUARANTCO
LUZ LEYVA /// ECONOMIST / HEDGING SERVICES - MFX
Luz joined MFX in March 2013. She holds a BA in Economics from ITESM –Instituto Tecnologico y de Estudios Superiores de Monterrey – and a MPA with a concentration on Economic Policy and Management from Columbia University. She started her career in 2007 working at Banco Nacional de Mexico (BANAMEX/Citigroup) in the Treasury sales department in Monterrey, supporting derivative transactions for corporate and medium-size segments. Her experience includes trading of FX, interest rate, and commodity derivatives. After graduating from Columbia University, she worked at the International Finance Corporation. She is a CFA® charterholder.
LUZ LEYVA
ECONOMIST / HEDGING SERVICES - MFX
SUBHA NAGARAJAN /// MANAGING DIRECTOR AFRICA - OPIC
Nagarajan is Managing Director for Africa, responsible for coordinating business development across insurance, project and corporate finance, and private equity investments. Prior to joining OPIC, Subha was responsible for originating, structuring and executing private equity and project finance transactions in infrastructure, energy, agribusiness, and oil & gas sectors across Africa. She has co-authored the “Committee of Ten Policy Brief: Financing of Sustainable Energy Solutions,” and contributed to the WEF publication “Paving the Way: Maximizing the Value of Private Finance in Infrastructure,” along with other publications. She earned her PhD from George Washington University in Washington DC.
SUBHA NAGARAJAN
MANAGING DIRECTOR AFRICA - OPIC

This webinar was facilitated by TCX, with te support of BMU