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The global nuclear renaissance is starting to become a reality. With the existing nuclear fleet steadily facing decommissioning, new projects being approved and an improving public acceptance there has never been a more important time to understand the constant challenge that is the financing of nuclear power.

SMi’s second annual Financing Nuclear Power conference will take a practical look at the challenges and developments in this high capital and high risk industry. With no ideal model for financing being in place and various techniques being used throughout the globe this event will draw on the experiences of leading organisations to provide a practical and technical conference for the industry.


 

Key themes will include:

·                Making the nuclear renaissance a reality

·                The changing markets of finance

·                Financing nuclear in constrained credit market conditions

·                Financing models and uncertainties

·                Equity and debt market perspectives

·                Private and public risk sharing and exposure

 

 

This is a unique chance to hear from some of the leading organisations involved in the financing of nuclear power projects. The conference will bring together power companies, leading financiers and expert consultants from across the globe to give a comprehensive and realistic insight into the developments of 2009.

·                UNDERSTAND the key developments in the industry in 2009.

·                HEAR from key executives and decision makers.

·                COMPARE AND CONTRAST different approaches to funding and the emerging options available.

·                UPDATE your knowledge of the policy and regulatory challenges.

·                IDENTIFY new challenges and opportunities facing investors.

 

 

 

 

 

 

All utility companies, financiers and government departments involved in nuclear new build including:

 

  • Chief Executives
  • Chief Financial Officers
  • Head of Project Finance
  • Head of Nuclear Development
  • Financial Risk Managers
  • Economists
  • Head of Strategy

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Rüdiger König

Rüdiger König, Head of International Nuclear Development, RWE Power AG

9:10 CHANGING MARKETS AND FINANCE

·                 New markets and new challenges; new players and new structures

 

·                 Evolving supply chain; opportunities for the medium/small player

 

·                 Growth through innovative financing

 

 

 

 

Biplab Rakshi

Biplab Rakshi, Founding Director, Atomic Acquisitions

Biplab Rakshi

Biplab Rakshi, Executive Director, The Nuclear Development Company

9:50 MAKING THE NUCLEAR RENAISSANCE A REALITY

Tim Stone

Tim Stone, Senior Adviser to Secretary of State and Chief Secretary to Treasury , Department of Energy and Climate Change

·                 The Governments role in translating the vision to reality

·                 How we are making the UK the best place in the world for New Nuclear Investment

·                 Protecting the tax payer in the provision of secure, low carbon energy

10:30 Morning Coffee

11:00 IMPACT OF CHANGES IN THE UTILITY AND FINANCIAL MARKETS TO THE FINANCING OF NUCLEAR POWER

Jonathan Mirrlees-Black

Jonathan Mirrlees-Black, , Independent Consultant

·                 The impact of changes in the utility market

·                 Collapse of the financial markets

·                 Future challenges

11:40 IMPLICATIONS OF EU ELECTRICITY COMPETITION DERVAVITIVES ON NUCLEAR FINANCING

Gene Meehan

Gene Meehan, Senior Vice President, NERA Economic Consulting

·                 Role of long term contracts with creditworthy entities in facilitating financing

·                 Feasibility of long term contracts given EU industry structure

·                 Substitutes for contracts

·                 Financing alternatives in event contracts or substitutes are infeasible

12:20 Networking Lunch

13:50 FINANCING NUCLEAR POWER STATIONS IN CONSTRAINED CREDIT MARKET CONDITIONS

Andrew Ivison

Andrew Ivison, Partner, Infrastructure and Projects, CMS Cameron Mckenna

·                Potential funding sources

 

·                Current market challenges for project financing and a new NPP

 

·                Augmenting financing solutions

 

 

 

 

14:30 THE FINISH CO-OPERATIVE MANKALA MODEL AND HOW ITS BANKABILITY COMPARES WITH THE MORE ORTHODOX PROJECT FINANCING STRUCTURES OR VS. TRADITIONAL CORPORATE GUARNATEE STRUCTURES

Timo Teinilä

Timo Teinilä , Capital Structure and Credit Ratings Advisory , Nordea Bank Finland Plc

·               Origins of the Mankala model

·               Basic features of Mankala model

·               Risk allocation in Mankala models vs. other financing models

15:10 Afternoon Tea

15:40 FINANCING MODELS AND UNCERTAINTIES

·                 Different approaches to NNP financing models

 

 

 

·                 Capital cost uncertainty

 

 

 

·                 Indexes and methodologies for escalation

 

 

 

 

 

 

Senior Representative

Senior Representative, Nuclear Development, IBERDROLA

Rafael  Jiménez

Rafael Jiménez, Senior Nuclear development and Head of Thermal Projects Development, IBERDROLA

16:20 INSURING NUCLEAR POWER – FROM PLAN TO PRODUCTION

Mark Tetley

Mark Tetley, Managing Director, Nuclear Risk Insurers Ltd

·                 The nuclear insurance market

·                 Insuring nuclear new build

·                 Operational insurance

·                 Insuring the nuclear fuel cycle

17:00 Chairman’s Closing Remarks and Close of Day One

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Norman Harrison

Norman Harrison, CEO, U K A E A

9:10 THE ROLE OF THE EU IN HANDLING NUCLEAR NEW BUILD

Sami Tulonen

Sami Tulonen, Institutional Affairs Director, FORATOM

·                 EU legislation impact
·                 Policy options
·                 Promoting nuclear
·                 The tools available at the EU level

9:50 EQUI TY AND DEBT MARKET PERSPECTIVES ON NUCLEAR INVESTMENT

Simon Wilde

Simon Wilde, Executive Director Power & Utilities, The Royal Bank of Scotland Plc

·                 Market reaction to nuclear related investments

·                 Role of industry sponsors

·                 Direct nuclear project access to the capital markets

·                 Impact of the credit crunch

10:30 Morning Coffee

11:00 FINANCING NEW NUCLEAR POWER PLANTS IN A CARBON CONSTRAINED WORLD

Mark Lewis

Mark Lewis, Director, Commodities Research, Global Carbon Markets , Deutsche Bank

·                 EU energy policies for a carbon-constrained world

·                 The outlook for carbon prices in the EU over 2008-20

·                 The pros and cons of nuclear power

·                 The economics of nuclear power versus generation types

·                 Existing nuclear versus new nuclear

11:40 INTERACTIONS BETWEEN CARBON MARKETS AND NUCLEAR POWER

Etienne Gabel

Etienne Gabel, Senior Consultant, ICF International

·                The performance of nuclear power plants under

intensifying CO2 emission constraints

·                The role of nuclear energy relative to other technologies in achieving long-term EU emission reduction objectives

·                Balancing a growth in nuclear power with expansions in renewables

12:20 Networking Lunch

13:50 PRIVATE AND PUBLIC RISK SHARING AND EXPOSURE

Jostein Kristensen

Jostein Kristensen, Managing Consultant, Oxera

·                 Nuclear as an integral part of the future fuel mix

·                 Uncertainty over market risks and decommissioning costs

·                 Societal and private costs of alternative risk sharing mechanisms

14:30 INVESTMENT IN NUCLEAR – THE CHANGING PATTERN OF RISK

Malcolm Keay

Malcolm Keay, Senior Research Fellow, Oxford Institute For energy Studies

·                 The impact of the credit crunch

·                 The European climate and energy package

·                 Energy and Carbon price volatility

·                 Political developments and the new US Administration

15:10 Afternoon Tea

15:40 WHAT COULD BE AN APPROPRIATE RISK SHARING STANDARD FOR NUCLEAR POWER?

Fabrizio Donini-Ferretti

Fabrizio Donini-Ferretti, ,

·                 What is special with nuclear plants financing?

·                 Defining an acceptable framework for safety concerns

·                 A possible risk matrix

·                 Who will finance a nuclear renaissance?

16:20 MANAGING THE COSTS OF DECOMMISSIONING

Norman Harrison

Norman Harrison, CEO, U K A E A

·                 Hands on decommissioning

·                 Minimising waste

·                 Relicensing and release of the site for alternative use

·                 Funding of decommissioning

17:00 Chairman’s Closing Remarks and Close of Conference

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Workshops

Financial Modeling Short Course Using a Simple Power Market Model
Workshop

Financial Modeling Short Course Using a Simple Power Market Model

Copthorne Tara Hotel
22nd May 2009
London, United Kingdom

Copthorne Tara Hotel

Scarsdale Place
Kensington
London W8 5SR
United Kingdom

Copthorne Tara Hotel

The Copthorne Tara Hotel London Kensington is an elegant contemporary four-star hotel in prestigious Kensington, located just a two minutes walk from High Street Kensington underground station, making exploring easy. The hotel offers well-appointed and comfortable guest rooms combining Standard, Superior and Club accommodation. Club rooms offer iconic views over the city and include Club Lounge access for complimentary breakfast and refreshments. Guests can sample the authentic Singaporean, Malaysian and Chinese cuisine at Bugis Street, traditional pub fare at the Brasserie Restaurant & Bar or relax with a delicious drink at West8 Cocktail Lounge & Bar.

The Copthorne Tara Hotel boasts 745 square meters of flexible meeting space, consisting of the Shannon Suite and the Liffey Suite, ideal for hosting conferences, weddings and social events. Facilities include access to the business centre 24 hours a day, fully equipped fitness room, gift shop, theatre desk and Bureau de Change. With ample onsite parking outside the London congestion charge zone and excellent transport links via Heathrow Airport, the hotel is the perfect location for business or leisure stays. The hotel is within close proximity to the shops of High Street Kensington, Knightsbridge and Westfield London, Olympia Conference Centre, Royal Albert Hall, Kensington Palace and Hyde Park.

 

HOTEL BOOKING FORM

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WHAT IS CPD?

CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

CPD AND PROFESSIONAL INSTITUTES

There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

GLOBAL CPD

Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

CPD Certificates

We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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