In preparation for The Solar Future Nigeria, we hosted a second webinar, focused on currency risks surrounding Nigerian Solar and RE projects 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
|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.|
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.|
MANAGING DIRECTOR AFRICA - OPIC
|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.|
SR. INVESTMENT ADVISOR - GUARANTCO
This webinar was a preparation for The Solar Future Nigeria, a 2-day conference taking place in Lagos on 25-26 April 2017. 200+ executives will gather and connect to discuss the challenges and opportunities that lie in the immediate future for Nigeria’s solar Power Market
The Nigerian energy sector has undergone some drastic reforms in recent years, and the government is more and more actively facilitating the use of solar energy (and other forms of renewables) to meet the huge demand for energy.
2017 is expected to be a very significant year for Nigeria’s Solar Power Market. In the on-grid sector, there have been several PPAs signed with the Nigerian Bulk Electricity Trader (NBET) that should commence construction, and preparations will be underway for a second auction round. In the decentralized / off-grid sector, the Nigerian Electricity Regulatory Commission (NERC) is expected to have finalized a regulatory document for minigrids. Meanwhile, the nascent Solar Home Systems market has seen steady growth, with several players eyeing to move into the space.
In this webinar, as a prologue to our event, our panel of experts explored Nigeria’s solar market and frame the current status of the on-grid and off-grid segments.
|GODWIN AIGBOKHAN /// EXECUTIVE SECRETARY - RENEWABLE ENERGY ASSOCIATION OF NIGERIA (REAN)|
|This Association is a platform for Renewable Energy (RE) practitioners and project developers in Nigeria to contribute towards the development of the industry.|
EXECUTIVE SECRETARY /// REAN
|ERABOR OKOGUN /// CEO - NEMOANTE|
|Mr. Erabor Okogun is currently the MD/CEO of Nemoante a Project Development and Corporate Advisory firm. In the past 17 years Erabor Okogun has closely worked with Executive Management and at Board levels delivering on over 50 projects and investments. His contacts, network, insight and experience are highly valued. After graduating from the premier University in Ibadan, Nigeria, Erabor worked as a Credit Analyst on the Energy Desk of Nigerian American Merchant Bank (a Bank of Boston subsidiary now part of FCMB). He was involved in providing debts and structuring bank syndications to meet cash call obligations for NNPC JV companies such as Shell and Chevron for their Field Development Plans. Later on Erabor worked in Venture Capital at Heirs Capital in Heirs Alliance, then co-founded Nextzon and Meliora and was part of the Executive Management at Transnational Corporation of Nigeria Plc (Transcorp Plc). Outside these roles he has consulted for the National Parliament, the Federal Government of Nigeria in creating and shaping PPPs. Over the last 6years he is focused on Advisory and Project Development in West Africa recently raising finance for Energy projects in collaboration with the IFC and other world class institutions with a portfolio of over $2billion. In the renewable energy space Erabor recently developed a 100mw fully permitted Solar PV project and has a project portfolio including off-grid wind, solar and hybrids. Erabor brings a set of strong origination, transaction management, corporate strategy, regulatory advocacy skills sets plus a keen sense of local and global dynamics and opportunities. Erabor is a graduate of Leicester University, UK, where he completed his fulltime MBA. In his spare time, he has supported the UN as a coordinator and facilitator for regional youth Entrepreneurs Programs.|
CEO /// NEMOANTE
|FEMI ADEYEMO /// CO-FOUNDER & CEO - ARNERGY|
|Femi is the MD /CEO of ARNERGY, a clean technology company, that design, manufacture and commoditise rent to own rooftop solar energy solutions providing affordable, reliable and clean electricity for commercial,residential and rural electrification applications.
Femi has extensive experience in planning, designing (Start-up phase, Pre-Commercial launch) rollout, operation and maintenance (scale-up) of nationwide mobile networks in Africa, Middle East, Europe and South America. He has an in-depth local and regional knowledge and played a very active role in the nation’s telecom boom where he worked with Huawei Technologies in several technical and project management lead roles having deploying mobile network solutions across 33 of Nigerian 36 states and across Ghana’s 10 regions with Cornea Technologies, a company he co-founded,rolling out nationwide hybrid power solutions for MTN Ghana.
Femi then move to South America , Suriname, as a mobile network consultant where he was instrumental to the commercial launch of Uniqa, Suriname 2G Networks.Femi thereafter moved to Muscat, Oman to rollout and design the Managed Network Service framework and tender for 3G and LTE networks for Oman Telecommunication living in Oman for over 4 years. He holds a bachelor degree in Computer engineering from Ladoke Akintola University of Technology.
Femi is a social entrepreneur with flair for disruptive innovation.He is committed to replacing diesel and petrol generators with the sun in several homes and businesses across Nigeria.
He has an international perspective and diverse work environment skills having worked in four continents of the world.
CO-FOUNDER & CEO /// ARNERGY