Deal Flow Session Added to OPIC Conference on Renewable Energy & Clean Technology
Wednesday, April 21, 2010
WASHINGTON, D.C. – A new session has been added to an upcoming conference on renewable energy and clean technology sponsored by the Overseas Private Investment Corporation (OPIC), intended to use examples of three successful projects as financing models for conference participants interested in investing in the sectors. Each of the projects was funded by the Clean Technology Initiative’s (CTI) Private Financing Advisory Network (PFAN), a multilateral clean energy program funded by the U.S. Agency for International Development (USAID).
The deal flow session will bring together clean energy entrepreneurs who seek financing and investors looking for high-potential investment opportunities, to hear presentations by representatives of CTI PFAN projects in India, Indonesia and the Philippines. The project developers will detail their business plans and the support they received from CTI PFAN, then take questions from conference participants.
The session panelists are:
• Suwardi Jamsa of PT Selo Kencana Energi, sponsor of a 7.5-megawatt hydro-power plant in West Sumatra, Indonesia;
• Felicisima Arriola of Solutions Using Renewable Energy, sponsor of a one-megawatt biomass power plant in the Philippines;
• Anil Ananthakrishna of Eko Vehicles, manufacturer of an electric bicycle powered by a rechargeable battery in India.
The panel moderator will be Suneel Parasnis, team leader of USAID’s Clean Energy Finance, Eco-Asia Clean Development and Climate Program.
The OPIC conference, entitled Renewable Energy & Clean Technology: Accessing Opportunities in Emerging Markets, will be held May 5-7 at the Shangri-La Hotel in New Delhi India. Information about the conference may be found at www.opicevents.com.
The conference is designed to identify investment opportunities in the renewable energy and clean technology sectors. Industry leaders in solar, wind, hydro, biomass and clean technology development, along with investment professionals, foundation representatives, bankers, private equity managers, and U.S. and local government officials will provide insights into investment opportunities in the renewable energy and clean technology sectors in Africa, Asia, eastern Europe and Latin America, as well as financing tools available to take advantage of them.
The CTI is a multilateral initiative whose mission is to bring countries together to foster international co-operation in the accelerated development and diffusion of climate-friendly and environmentally sound technologies and practices.
The PFAN is a multilateral, public-private partnership initiated by CTI with the aim to bridge the gap between investments and clean energy businesses. PFAN identifies promising clean energy projects at an early stage and provides mentoring for development of a business plan, investment pitch, and growth strategy, significantly enhancing the possibility of financial closure.