EQ Cleantech Finance Summit Dec 03-04, 2014 Hilton Mumbai by EQ Int'l Solar Media Group

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03-04 DEC 2014 9 AM to 6 PM HILTON hotels & resorts

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Chancellor Ballroom, Hilton Sahar Airport Road, Andheri East, Mumbai Speakers 50+, Delegates 200+ (Expected)

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CONTENT Schneider Electric..................................................................02 EQ Solar Leadership Summit South.........................................04 Message From EQ’s Conference Team.....................................05 AGENDA.......................................................................... 06-09 SPEAKERS PROFILE.......................................................... 10-22 WAAREE ENERGIES...............................................................11 Tata International..................................................................17 Harsha Abakus Solar.............................................................23 UL India...............................................................................24

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EQ Financing the Renewables Summit, Mumbai 03-04 DEC 2014

EQ Solar Leadership Summit south

International Solar Technology & Investment Summit

South India

11-12 March 2015 Hyderabad

& p i h s r e S pe a k on i t a p i c i t Par y t i n u t r Oppo Saumya Gupta saumya.gupta@eqmag.net +91-95754-99990 4

EQ Financing the Renewables Summit, Mumbai 03-04 DEC 2014

Arpita Gupta arpita.gupta@eqmag.net +91-90095-55914

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Co Conference Head

ARPITA GUPTA arpita.gupta@EQmag.net

Co Conference Head

SAUMYA BANSAL GUPTA saumya.gupta@EQmag.net

Government sees $250 billion investment in energy sector: Goyal Solar Generation Capacity Expected to Reach 100,000 MW by 2022 PTI : The government hopes to attract USD 250 billion (Rs 15 lakh crore) investment within 4-5 years to give a boost to the energy sector and provide electricity to all, power minister Piyush Goyal said The investments, totalling USD 250 billion for power generation, coal mining as well as electricity distribution and transmission sectors, would help the government increase power generation and ensure electricity supplies to all households in the country by 2019, Goyal said. Speaking at the India Economic Summit, organised here by Geneva-based World Economic Forum and Indian industry chamber CII, Goyal said that India’s total power consumption would double to 2 trillion units by 2019 and the majority of investments would come from the private sector although the government would also invest more. The government is also pushing ahead with ambitious plans for the renewable sector, especially solar energy, where the generation capacity is to be increased to 1,00,000 MW by 2022, he added. “We are expecting around USD 250 billion investments in the next four to five years. About USD 100 billion will be in the renewable energy,” Goyal said. PTC India See Business Opportunity Of Rs 7 Lacs Crore In Solar Power. RM Malla, MD & CEO of PTC India says solar power poses a big business opportunity for the company to the tune of Rs 7 lakh crore and adds that they can produce 1,50,000 megawatts (MW) of energy in 10 years only from solar energy. Today wind energy India produces only about 25000 megawatt and as far as solar is concerned it is less than 3000 megawatt. So, we can go 50 times. To put it in the financial terms if 1,50,000 megawatt of solar, the project cost have gone down is now about Rs 8 crore. So, this is a business of Rs 10 lakh crore and if we take a debt equity ratio of 70:30, 7 lakh crore of potential business is available only in solar. Mercom Capital Group Reports Solar Q3 2014 Funding: $9.8 Billion In Total Corporate Funding compared to $6.3 billion in Q2 2014, $326 Million In VC Funding Raj Prabhu, CEO of Mercom Capital Group, commented, “Financing activity was strong all around this quarter whether you look at VC, debt or public markets, and it was the best fundraising quarter since Q1 2011. VC funding in solar has now crossed $1 billion in the first three quarters this year.”Global VC/PE funding, in Q3 2014 totaled $326 million in 21 deals, down from $452 million in 22 deals in Q2 2014. Like the previous quarter, solar downstream companies attracted most of the VC funding in Q3, with $205 million in 11 deals.

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Investors Perspective

•

What do investors seek for when looking to invest in renewable energy projects? What factors determine bankability (like developer, technology, geography)? Returns required by investors What are the investment timeframes of large investors? Their perception to risks like – PPA risk, regulatory and policy risk, technology risk, construction risk and others.

This session analyses the impact of Indian policies on the attractiveness of renewable energy investments to various classes of investors • Poor finances of State electricity boards (SEB) and its impact on renewable energy financing in those states like Tamil Nadu, Uttar Pradesh, Bihar (despite of good renewable energy potential) • Elevated risk free rates due to high government borrowings – leading to increased costs of debt • Positive impacts of accelerated depreciation benefit and 10 year tax holidays. • Concessional Excise and Customs duty – how much will it benefit the industry? • WTO Rules – local vs. international sourcing; anti-dumping duty and solar trade wars

• • • •

Commercial bank lending

Low commercial bank lending to renewable energy projects is a major reason for low availability of debt. Only 1/3rd public sector banks and even worse only 1/5th of private sector lend to renewable energy projects. This session will talk on • Problems faced by small and foreign developers in raising debt financing as relationships play strong role in Indian Banking • Are banks nearing their renewable energy sector exposure limits (which is clubbed with power, utility or energy sector limits) due to major exhaustion by conventional power projects financing? And should we consider enhancements for future? • Should renewable energy sector exposure limits be decoupled from the power or energy sector? • Banks limit their exposure to the sector due to unfamiliarity with renewable energy policy and markets. Way forward? • Should India consider adding solar power sector to priority sector?

International Financing

This session talks on the availability of foreign lending to finance renewable energy projects in India, what limits their lending, related costs and what these investors seek. • Regulatory barriers • Hedging Forex risks and its related high costs. • Types of financing structures needed • How can we mitigate cost of currency swaps and country risk to make foreign lending more attractive? • Foreign lending – general terms and conditions

Equity Market

Debt financing

•

Problem of low availability of long tenor debts leading to significant increase in cost of debt Weak corporate bond markets due to – government regulations, under developed financial market of India and hence, low liquidity, Do we have enough availability to finance the renewable energy potential of the country Non-recourse financing vs. Balance Sheet Financing

Developers Perspective

• •

This session will explore the developer’s perspective on seeking finance – pathway, challenges, availability and their requirements • Challenges faced by them in procuring the right finance • How accessible are pension funds and private equity ? • New financing Models and their perception on it • Problems faced due to unavailability of fixed interest debt • Access to foreign lending • Raising finance through green bonds, debt funds • FIT vs. REC vs. Competitive biddings

Path forward for Renewables

•

Do we have sufficient resources to finance the ultra mega projects? Solar cities and green energy corridors – Vision and the way to finance it How are micro-grids and roof top installations being financed? Finance design required to provide long term and lost cost debt Indian grid is ageing – new technology offers and ways to finance it Case studies and international comparisons – US, Europe, Brazil, China Thinking and developing methods beyond traditional financing

• This panel explores important developments in equity market, recent M&A’s and their strategies • How are equity markets likely to evolve for renewable energy? • Impact of variable rate debt on cost of equity due to increased risks? • Low debt equity spreads not acknowledging the higher risks assumed by equity holders • Effect of technology maturity & strategic positioning on required returns • Do we see industry consolidation and mergers and acquisitions? • IPOs and exit strategies

Policy Matters

• • • • •

Networking Opportunities With

INDIA’S Solar Market Potential JNNSM Phase II aims at 10 GW Grid Connected and 1 GW Off Grid Installations by 2017

Commercial Bankers Investment Bankers

Solar Purchase Obligation of 3% across India requires 17 GW by 2017 & 57 GW Solar Installations by 2022

Investor and fund managers Financial analysts

State Level Policies like Karnataka 1 GW, Tamil Nadu Policy targets 3 GW installations upto 2015

Project developers Technology manufacturers Government and regulatory officials Board members and advisors Venture capitalists Insurance Companies Renewable energy associations Corporate CEOs, CFOs and planners

NVVN Recently announced its plan for 1.5 GW Solar Projects under Bundling with Thermal Power Scheme The Upcoming 1 GW Tender by SECI under VGF Scheme The Current Project Pipeline stands at 1.5 GW to 2 GW (JNNSM P2 B1 750 MW, Punjab 300 MW, Haryana, Madhya Pradesh 100 MW, Rajasthan 100 MW, Karnataka 50 MW, UP 300 MW, Chattisgarh 50 MW etc…) Solar Parks :Telangana 1 GW Solar PArk, Andhra Pradesh 1.3 GW Solar Park

“India is expecting investments worth nearly $100 billion in the renewable energy sector in the next four to five years” – Shri Piyush Goyal, Hon’ble Minister of State for Power, Coal & Renewable Energy.

The industry has attracted FDI worth Rs 43,530.99 crore (US$ 7.24 billion) during the period April 2000 to May 2014.

“We need a saffron revolution that focuses on renewable energy sources such as solar energy, to meet India’s growing energy demand,”

Shri Narendra Modi, Hon’ble Prime Minister of India

Ultra Mega Solar Projects Planned in Rajasthan, Gujarat, M.P., Telangana& AP, Jammu & Kashmir NTPC Recently Floated EOI for 1 GW Solar Project with indigenous Cells & Modules Companies such as Reliance Power, MAHAGENCO, NTPC (301 MW), Tata Power, OIL, GAIL, aims huge installations Roof Top Market has potential of 4 GW of installations according to KPMG as Solar is approaching grid parity

- Source: IBEF

By 2030, renewables will play a key role in Asia Pacific, attracting two-thirds of investment or an average of $252bn a year. - Source: BNEF

“Solar Power Poses A Big Business Opportunity For The Company To The Tune Of Rs 7 Lakh Crore” - Mr R M Malla Md & Ceo, Ptc India

In 2014 Q3, India’s investment totaled $2bn, up from $1.3bn - Source: BNEF

Diesel Replacement Market driven by economics has 2 GW Potential (KPMG) Captive, RPO & REC Market, Accelerated Depreciation Market has 2.5 GW Potential (KPMG) Largest Solar Power Project of 4GW in the World to be set up in Rajasthan : 1st Phase to be Completed in 3 Years - Praful Patel. The Budget 2014 enlists support for Solar Water Pumps, Solar on Canals, Green Energy Corridor Project, etc...

Organiser : FirstSource Energy India Private Limited

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EQ FINANCING THE RENEWABLES SUMMIT HILTON, MUMBAI - 3-4 DEC 2014 3rd December 2014 (DAY 1) Inaugural Session - Keynote Speech 9:00AM to 9:30AM

Ms Sindoor Mittal, Director

9:30AM to 11:00AM

Investors Perspective

Session Chair

Mr Girish Nadkarni, Partner

IDFC PE

Mr Keshav Prasad, COO

IL&FS

Dr Ashok Haldia, Director

PFS

Mr Pankaj Sehgal, MD

Sun Group

Mr Sudhir Nunes, CEO

Orange Renewable

Mr Ravi Khanna, CEO

Aditya Birla - Solar Business

Ms Rupa Pandit, MD

Nereus Capital

11:00AM to 11:30AM

Networking Tea/Coffee Break

11:30AM to 1:00PM

I Banking

Session Chair

Welspun Renewables

Mr Ajay Gupta, Head - Infra Finance

HDFC Bank

Mr Bengt Jaeckel, Expert on Solar Projects

UL Germany

Mr Ketan Shaah, Head I Banking

Daiwa Capital Markets

Mr Sachin Jain, Associate Director

KPMG

Mr Rahul Goswami, MD

Greenstone Investment Bank

Mr Vikash Bagla, Head Infrastructure

Macquarie Capital India

Mr Hemant Vora, Head - I Banking

ICICI Securities

1:00PM to 2:00PM

Networking Lunch

2:00PM to 3:30PM

Debt Financing Mr Rajat Misra, Project Advisory & Structured Finance

SBI Capital Markets Ltd Tata International

Session Chair

Mr Anurag Garg, VP Solar

Schneider

Mr Bharat Bhushan, Lead Analyst - Solar & RECs - India

Bloomberg New Energy Finance

Mr Rajnesh Trivedi, Senior Director

Yes Bank

Mr Ajay Kumar Kapur, Chief General Manager

SIDBI

Ms Nirupama Guruprasad, Jt GM

ICICI Bank

3:30PM to 4:00PM

Networking Tea/Coffee Break

4:00PM to 5:30PM

Developers Perspective Mr Sujoy Ghosh, Country Head

Session Chair

5:30 PM Onwards

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First Solar India

Mr Naveen Khandelwal, Head - Investments

Hero Future Energies Ltd

Mr Arunabha Ghosh, CEO

CEEW

Mr Gaurav Sood, MD

Solaire Direct India

Mr Ardeshir Contractor, MD & CEO

Kiran Energy Solar Power P. Ltd.

Mr Pashupathy Gopalan, MD - South Asia

SunEdison

Mr Ravi Seth, CFO

Renew Power Ventures Pvt Ltd

Mr Samir Shah, Director

Waaree

Networking

EQ Financing the Renewables Summit, Mumbai 03-04 DEC 2014

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EQ FINANCING THE RENEWABLES SUMMIT HILTON, MUMBAI - 3-4 DEC 2014 4th December 2014 (DAY 2) 9:30AM to 11:00AM

Government Regulatory & Policy Makers Mr Tarun Kapoor, Jt Secy

MNRE

Mr Rajendra Nimje, MD

SECI

Mr K S Popli, CMD

IREDA

Mr Suresh Sugavanam, MD - India & South Asia

UL India

Mr K Vijayanad, MD

APGENCO

Mr E V Narasimha Reddy, ED

TSIIC

11:00AM to 11:30AM

Networking Tea/Coffee Break

11:30AM to 1:00PM

International Finance Ms Sunita Lukkhoo, Country Manager - South Asia

Session Chair

Franklin Park Management

Mr Simon Petrie, First Secretary - Low Carbon Growth

British High Commission India

Mr Gaetan Tiberghien, Senior Investment Officer

International Finance Corporation (IFC)

Mr Andreas Thermann, Deputy Director

KFW

1:00PM to 2:00PM

Networking Lunch

2:00PM to 3:30PM

Equity Financing

Co Session Chair

Mr Vivek Mehra, MD

Aloe Group

Mr Sanjay Chakrabarti, Partner & Cleantech Sector Leader

Ernst & Young

Mr Vibhor Dhanuka, Investment Manager

Infuse Ventures

Mr Tarun Sharma, Director

New Enterprise Associates (NEA)

Mr Abhay Anand, Director - Corporate Finance

Grant Thorton

Mr Shahzaad Dalal, Chairman & CEO

IL&FS Investment Managers Ltd

Mr Alipt Sharma, Principal

Global Environment Fund

3:30PM to 4:00PM

Networking Tea/Coffee Break

4:00PM to 5:30PM

Debt Financing

5:30 PM Onwards

European Investment Bank (EIB)

Mr Pranav Bhuta, Principal - Investments

Mr Ashwini Kumar, Head - Credit

Tata Cleantech Capital Ltd

Mr Prashant Sinha, Head - Energy Division

L&T Infra Finance

Mr Rajsekhar Budhavarapu - CTO Renewable Investments

IL&FS

Mr Sailesh Prasad, AGM

EXIM Bank of India

Networking & Closing

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SPE AKE R PROFI L E

Vibhor Dhanuka Investment Manager, Infuse Ventures Vibhor works as an Investment Manager at Infuse Ventures. He looks after deal origination, market analysis, due-diligence and transaction closure. His focus areas are renewable energy, energy efficiency, water & waste, recycling and sustainable agriculture. Prior to joining Infuse, Vibhor was with Ernst & Young’s business advisory practice for 5 years, focusing on energy and cleantech sectors. He has also done a volunteer stint with Teach India. Vibhor has done his MBA from IIM Bangalore and B. Tech. (Chemical) from IIT Delhi.

Sujoy Ghosh Country Head- India, First Solar India Sujoy Ghosh is the Country Head for First Solar in India. He is responsible for developing and executing First Solar’s business strategy in India. Sujoy has 20+ years of industry experience in India, and joins First Solar from GE, where he was the Regional General Manager for GE Energy’s Power and Water business. In his 9 years with GE, he has worked in a diverse range of businesses from T&D (SCADA, network management and sub-station automation) to Thermal Power Generation (Gas and Steam Turbine and gasification) to Renewables (Wind). For the last 5 years, he led GE’s Thermal Products and Renewable Sales in India/Sri Lanka and Bangladesh. Prior to joining GE, Sujoy worked for 13 years in Tata Honeywell in sales/market development handling technology platforms from distributed control systems, safety systems and advanced control and optimization packages, across business verticals in the manufacturing, utility and oil & gas verticals.

Rajendra Nimje MD, SECI Shri Rajendra Nimje is an ex Indian Administrative Service officer with over 30 years of experience in Power, infrastructure, e-Governance and other sectors. He is a Digital Vision Fellow of Stanford University and holds a Master’s Degree from IIT Mumbai. He also holds Bachelor degrees in Engineering, Law and journalism along with PG Diplomas in Business Management and in German Language. Shri Rajendra has worked extensively in sectors which includes Power, e-Governance, Infrastructure, Telecom, Banking & Irrigation. His major focus was on the development of Power in Solar, thermal and hydel sectors during his work in the corporate sector. Earlier he worked as Executive Director for Karvy Data Management Services Limited which is in e-Governance, telecom, Banking and Insurance. He has also worked as Executive Director for Gati Group which was developing Hydel power projects in the state of Sikkim and operating coal mines in Indonesia. Shri Nimje has won many awards during his illustrious career. He was conferred with the prestigious’ Social e-Challenge’ award at Stanford University, USA in 2003-04 for his innovative ‘e-Immunization’ project. The project was prototyped later in Khammam district and won the 9th e-Governance Award in 2006. Also, ‘Giri-Pragna’ project conceived for the most disadvantaged section of the society was ‘Finalist’ in the Stockholm Challenge Awards 2006 & 2008. His e-Governance projects ‘Parishkruthi’ and ‘e-Hyderabad’ reached Finals in Stockholm Challenge for the year 2006 and 2002. He won National awards in the 9th National e- Governance conference for his projects ‘e-Immunization’ and’Health Call Center’.

Shahzaad Dalal Chairman & CEO, IL&FS Investment Advisors LLC Mr. Shahzaad Dalal is the Chairman & Chief Executive Officer of IL&FS Investment Advisors LLC which is a fully owned subsidiary of IL&FS Investment Managers Ltd (IIML), one of India’s leading Private Equity Fund Managers with US$ 3.2 billion under management. The private equity funds managed by IIML have a wide canvas across sectors in infrastructure such as telecom, transport, power and oil and gas as well as emerging areas in real estate, technology, retail, life sciences and consumer services. He leads a highly competent team of 40 professionals involved in managing over 95 investments. Mr. Dalal is also on the Boards of various companies to guide their growth plans and other strategic developments. Overall, Mr. Dalal assumes greater responsibility towards the crafting of exits through a range of diverse methods, including IPO’s and strategic sales Mr. Dalal is also responsible for developing the Infrastructure Business of IL&FS Group in key international markets in sectors such as Roads, Power, Renewable Energy, Ports, Logistics, Education and Waste Management Prior to joining IIML, Mr. Dalal served as the Chief Executive Officer of the Asset Management Business of IL&FS. Within the IL&FS Group he has undertaken various responsibilities including overall planning and raising of resources for IL&FS, its group companies and other IL&FS sponsored infrastructure projects.Mr Dalal has also headed the initiative for large value structured finance/transactions in leasing, project finance and privatizations Mr Dalal is a Management Graduate from the USA

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SPE AKE R PROFI L E

Tarun Kapoor JtSecy, MNRE Shri Tarun Kapoor, IAS, is Joint Secretary (National Solar Mission) in the Ministry of New & Renewable Energy (MNRE), Government of India. He holds a degree of Bachelor of Engineering (Electrical) and Masters in Business Administration. He has a multi-sectoral experience of serving in both Private and Government under various administrative capacities. He served as Director for more than 4½ years in a Government-owned Hydro Power Utility with installed capacity of 1500 MW, the largest in the country and also headed for about 3½ years a Government-owned Hydro Power Utility, engaged in development of more than 3000 MW Hydro power generation capacity and MD of State Transmission Corporation. He also served as Director, Department of Energy, Government of Himachal Pradesh. His area of experience mostly lie in the field of power and renewable energy, particularly solar and Hydro.

Pashupathy Gopalan MD – South Asia, SunEdison Pashupathy Gopalan has been with SunEdison since 2009 and is currently the President – Asia Pacific, GCC and South Africa. He is responsible for building SunEdison’s solar energy business in these regions. Pashupathy has led SunEdison to build 230 MW of Solar Power Plants in India, Thailand, Malaysia and South Africa and has raised over $800M in debt and equity for the same. Under his leadership, SunEdison was awarded as India’s Best Solar Power Producer by IPPAI (Independent Power Producers Association of India) and Deloitte and was recognized globally for the ground breaking Gujarat Narmada Canal Top Solar Project in 2012. He was also one of the team leaders responsible for MEMC’s acquisition of SunEdison in 2009. Prior to SunEdison, Pashu worked with Cypress Semiconductor as Global Vice President – Strategic Marketing and Business Development. At Cypress Semiconductor, he was responsible for functions covering global market strategy, new business creation, mergers and acquisitions, venture funding and platform marketing for its products. Before Cypress, he was the Vice President – Sales, Marketing, Business Development and Government Relations at Bloom Energy/ Ion America, a leading fuel cell energy company based out of Silicon Valley, where he helped shape its global market strategy, product roadmap, alliances, and raised equity financing. Pashu has earned a Master of Business Administration from Stanford University,Master’s of Science degree in Materials Science and Engineering from Arizona State University, and Bachelor of Technology in Metallurgical Engineering from Indian Institute of Technology, BHU, India.

Rajat Misra VP - Project Advisory & Structured Finance, SBI Capital Markets Ltd Mr. RajatMisra is the Senior Vice President of Infrastructure Group of SBI Capital Markets Limited (“SBICAP”), the investment banking arm of State Bank of India. He has professional experience of almost 20 years in the Infrastructure space. He has been a part of assignments like Unbundling and Privatization of Delhi Vidyut Board, Bid Advisory & Financial Close for 4000 MW Mundra UMPP, Private Equity placement for a 1200 MW project. He works closely with the Government and Regulatory Bodies, having been part of Planning Commission XI and XII Plan Committees on Power. He also worked on advisory to Government of Oman, Government of Bhutan and Botswana Power Corporation. Prior to working with SBICAP, Mr. Rajat Misra worked at BHEL. He is a B. Tech from Institute of Technology, Banaras Hindu University; and MBA from XLRI Jamshedpur. He is a member of FICCI and CII National Committee on Power and heads the finance sub-committee.

RAVI KHANNA Chief Executive Officer, Solar Power Business -Aditya Birla Group Ravi Khanna serves as Chief Executive Officer of the Solar Power Business of the Aditya Birla Group, providing strategic leadership and direction to the Solar Power business. Prior to joining the Aditya Birla Group, Ravi worked as the CEO and President of Scatec Solar AS, Oslo, Norway and served as Director Scatec AS. Ravi has also served as Chief Executive Officer of Moser Baer Photovoltaic Ltd., and PV Technologies India Limited, where he created one of the fastest manufacturing capacities in Asia. Before entering the solar sector, Ravi worked with Delphi Corporation US in various management positions globally, including Country Manager ASEAN and MD for India and Thailand. Under his leadership Delphi Steering India won the coveted Toyota best supplier award for manufacturing excellence. Ravi has served as a member of the Indian PM’s solar technology mission and also engaged very closely with Ministry of New and Renewable Energy (MNRE), IREDA (Indian Renewable Development Agency) and NORAD (Development agency of Norway) on development of the future renewable and sustainable energy platforms in India. He has also served on the board of American firms HelioVolt Corporation, Sol Focus, Solaria and Stion Corporation.

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Country Manager - South Asia, European Investment Bank Sunita Lukkhoo is currently the Country Manager for lending operations in South Asia at the European Investment Bank (EU’s financing institution). She is in charge of originating, structuring and executing financial transactions in all the sectors (energy, renewable energy, energy efficiency, climate change mitigation and adaptation, water, manufacturing, FDI etc.) with both corporate and financial institutions. She is also in charge of sovereign lending in South Asia. She leads in-house teams of engineers, economists and lawyers for project due diligence and transaction execution. Sunita started her career as an accountant with the European Investment Fund (part of the EIB Group).She has worked for the European Investment Fund for 6 years. Since 2003, Sunita has been with the EIB. As such Sunita has over 15 years of experience within the EIB Group. She has a Bachelor in Business Administration from Oxford Brookes University. She is an ACCA qualified Accountant. The European Investment Bank (EIB) is the European Union’s non-profit long-term lending institution established in 1958 under the Treaty of Rome. As the EU bank, we provide finance and expertise for sound and sustainable investment projects in Europe and beyond. We are owned by the 28 EU Member States and the projects we support contribute to furthering EU policy objectives. We are the largest multilateral lender and borrower in the world and our 2 300 staff can build on more than 50 years of experience in project financing. We are headquartered in Luxembourg and have a network of some 30 local offices.

SINDOOR MITTAL Director, Welspun Renewables Energy Pvt. Ltd. Sindoor started her leadership journey at a very early age. At the age of 21, Sindoor was the youngest management graduate from ISB, Hyderabad. Today she is a Director of Welspun Energy Limited, a major player in the energy sector in India and the largest solar energy developer in the country. As a Director of Welspun Renewables Energy Private Limited, Sindoor is responsible for strategy, leadership development, and commissioning of the largest capacity of solar and wind energy projects towards 1.75 GW target in next three years. In her strategic endeavor she has enabled the organization to commission 328 MW of renewable energy plants till date, the largest capacity in India in a short span of only 4 years. In her pursuit, Sindoor has built a high performing team and partnerships with global technology companies and system integrators from the energy sector. She believes that the combination of a cohesive team with a strong focus on execution is the key to creating a successful energy company. Sindoor started her career with a $500 mn private equity fund. Her urge to become an entrepreneur soon found its way into her quitting the job and starting her first business at the age of 24. In her early years of business she learnt that attitude is what defines the winners from the rest and a relentless desire to make a change in the world is what sees one through the challenges that one encounters. Today she relentlessly pursues this belief by empowering people and mentoring them to realize this goal. Apart from her business responsibilities, Sindoor is keenly involved in the company’s Corporate Social Responsibility endeavor, which focuses on providing education, clean environment, and health to the communities in which they work. She has been a national swimming champion and captain of Indian swimming contingent at Asia Pacific.

Sudhir Nunes CEO, Orange Renewable Power Sudhir has been actively involved with energy innovation for over 17 years, and has developed a proven ability in energy technology sales, negotiation, management, operations and venture financing. He is knowledgeable in strategic planning, corporate finance, cost management, financial accounting and engineering, and has technology expertise and market intelligence in conventional and alternative energy sectors in Asia, Europe and America. Sudhir currently serves as CEO of Orange Renewable Power, a renewable energy independent power producer headquartered in New Delhi, India. He has overall responsibility for developing and building a profitable wind IPP business. Previously at Gamesa, Sudhir managed the commercialization and industrialization of the largest on-shore wind turbine in North America, Gamesa’s G10X 4.5MW model. He led a multidisciplinary team of managers in development, sales, technology, manufacturing, logistics, construction and services. Prior to that role, Sudhir recruited and managed a team of 8 commercial managers responsible for managing service and warranty relationships with owners of 2,000 MW+ of wind turbines in North America, while driving after- sales revenue growth and supporting new unit sales activity. Sudhir’s team achieved $9 MM+ annual EBITDA contribution within 2 years, delivered service contract proposals valued at $900 MM+ in total revenue and negotiated $20 MM+ in product warranty claims and performance bonuses and penalties. Prior to joining Gamesa, Sudhir managed investments at the Renewable Energy Trust, an economic development fund investing $25 MM annually into early and growth stage renewable energy companies on behalf of the State of Massachusetts. He was also responsible for business development, attracting clean energy companies to Massachusetts, and helping local companies establish partnerships around the world. Sudhir was a key contributor to policy guidelines incorporated in the Massachusetts Clean Energy Biofuels Act in 2008 that led to a #3 ranking among states in reducing oil dependence and leadership in the development of a regional Low Carbon Fuel Standard. Before joining the Renewable Energy Trust, he founded Orca Energy SL, an award-winning startup in Spain focused on new energy storage technology. He also worked in business development for Intelligent Energy, a London-based fuel cell com-

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SPE AKE R PROFI L E

Sunita Lukkhoo

SPE AKE R PROFI L E

pany, and designed commercial aircraft engines for General Electric. Sudhir holds a bilingual MBA from IESE Business School in Barcelona, a Professional Engineering License, an MS in Mechanical Engineering from Stanford University, and a BS in Mechanical Engineering from Texas A&M University. He served as a Board Director of the Asia America Chamber of Commerce and Founding Co-Chair of the Energy and Cleantech SIG at The Indus Entrepreneurs (TiE). He enjoys scuba diving, squash, sketching and international travel. He currently resides in the Delhi-NCR area.

Simon Petrie First Secretary- Climate Finance & Technologies - British High Commission India Simon is First Secretary, Low Carbon Growth, at the British High Commission in Delhi. His team is responsible for a portfolio of projects designed to scale up deployment of renewable energy and energy efficiency in India. Simon is a British Civil Servant originally from the Department of Energy and Climate Change. He has previously worked on a range of issues including new nuclear power and smart meters. Simon was also Private Secretary to a former Cabinet Minister and was posted for a period to the British Embassy in Beijing.

Rajsekhar Budhavarapu CTO - Renewable Investments , IL&FS Mr. Rajsekhar holds a B.Tech in Aerospace Engineering from Indian Institute of Technology, Madras. He has also earned a Masters in International Finance from the Amsterdam Graduate Business School, University of Amsterdam Mr. Rajsekhar is presently associated with IL&FS as Chief Technology Officer - Renewable Investments. Before joining IL&FS Energy, he worked with GL Garrad Hassan (GL GH), one of the world’s largest independent renewable energy consultancy as the Country Manager for India. He was responsible for all GL GH technical consultancy services in India (& Indian sub-continent) across Wind, Solar, Tidal/Wave including Business Development and Office Administration. Prior to that, he worked with Acciona Energy, Enercon India, Energy Research Center of the Netherlands (ECN), NEG-Micon (India) Pvt Ltd and TERI and has held significant business and research positions. He was he was selected for the inaugural two-year Catto Fellowship by the Aspen Institute in 2007.

Ravi Seth Chief Financial Officer, ReNew Power Ventures Pvt Ltd Ravi Seth joined ReNew Power as the Chief Financial Officer in February 2014. In his current role, Ravi contributes to the development of the organization strategy by providing sound financial perspective on diversification, fund raising strategies and other related aspects. He brings more than 25 years of rich experience working in various verticals including pharmaceuticals, media, tobacco, real estate, financial services and hospitality. He started his career with ITC Ltd. and thereafter with HT Media, Abbott India and Strides Arcolab Ltd. At Strides Arcolab Ltd., Ravi’s contribution as CFO included large fund raising, global tax structuring, cross border M&A deals of over $500 mn; forex and risk management. In his subsequent role as COO at Strides, he ran the international operations spread across the globe and comprising business development, production operations and trading with a team of 500 people and a topline responsibility of $ 200 mn. Ravi earned a degree in Chartered Accountancy in the year 1985 and is a Fellow member of the Institute of Chartered Accountants of India.

Pranav Bhuta Principal – Infrastructure Investments PranavBhuta is an Investment Principal at Franklin Park Management (FPM) / GGIC (erstwhile, Guggenheim Global Infrastructure Group). He is responsible for sourcing, evaluating, advising the investing process and actively participate in post-investment management of companies / projects in infrastructure companies (both listed & unlisted) in the energy (mainly, Renewable Energy) and transportation (mainly, Logistics & Road) sector in India, China and South Asia. Prior to coming on board at GGIC, Pranav was a part of the founding team at Guggenheim Partners in India, mainly responsible for identifying and evaluating potential primary and secondary investment opportunities to deploy capital in Private Equity Funds and Companies focused on the infrastructure space (mainly energy) in the region Pranav has garnered more than 10 years of work experience in Private Equity, Investment Management, Investment Banking and Research through past pursuits with firms like Thomas Weisel Partners, Ernst & Young, Standard & Poor’s and AIG Private Equity.

Bharat Bhushan Agrawal Lead Analyst - Solar & RECs - India, Bloomberg New Energy Finance Bharat works as Senior Analyst with Bloomberg New Energy Finance (BNEF) in the New Delhi office. He has over five years of experience in analysis and has published several important reports on the Indian solar market. Apart from producing regular analysis, Bharat has developed models for calculating Levelised Cost of Energy, project returns and the fundamental price of Renewable Energy Certificates. Before BNEF, Bharat worked with The Energy and Resources Institute (TERI), conducting research on carbon markets and

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Bharat has an MBA from the Indian Institute of Forest Management and a Bachelor’s degree in Commerce.

Ajay Gupta Head - Infrastructure Finance, HDFC Bank Ajay has over 18 years of experience with government and private sectors in US and India. He joined HDFC Bank from GE Capital where he was heading infrastructure finance team. Prior to GE, Ajay worked in US with Securitized Products Group of Morgan Stanley and Corporate and Investment Banking Division of Wachovia Bank, a Wells Fargo Company where he set up Wachovia’s infrastructure financing platform in India. Ajay started his career with the Indian bureaucracy as a civil services officer (1994 batch) in the Delhi, Andaman & Nicobar Island Civil Service. Ajay is a mechanical engineer from IIT Roorkee, M. Tech from IIT Delhi and MBA in Finance & Strategy from Owen Graduate School of Management, Vanderbilt University, USA.

Girish Nadkarni Partner – IDFC PE Mr. Girish Nadkarni is a Partner with IDFC Alternatives-Private Equity. IDFC Alternatives has four funds under management aggregating USD 3 billion. He has over two decades of rich experience in M&As, buyouts, business strategy, setting up & management of new businesses, Corporate Finance, Treasury & Financing and Business Operations. He was Executive Vice President & Chief Financial Officer of Rallis, a flagship Tata Group Company, in Agri- Space and a member of Executive Committee. Earlier as Vice President - Finance for Tata Chemicals and EXCOM member, he played a key role in the acquisitions of General Chemicals, USA. As Vice President at Tata Industries, he was engaged in setting up and management of new businesses for the Tata Group. He played a key role over a dozen M&A transactions such as VSNL, Hughes Telecom, Escotel Mobile, Nagarjuna Oil, Rallis, Metahelix Seeds etc and divestments such as Idea, Tata Honeywell, Tata Telecom and Information Tech Park. He has been involved with varied businesses like Power, Telecommunication, Oil & Gas, Chemicals, Fertilizers, Seeds, Crop-care, BPO, CRO, Auto Components, Renewable Energy, Real Estate, Interactive Learning, Credit Card, Exchanges, Agri-infra and Dairy. He raised significant global financing through innovative instruments. He has served on the Boards and Chaired Audit Committees of various companies where Tata Group invested. Mr. Nadkarni led three recent investments of IDFC PE viz. StarAgri, Parag Milk NCDEX and actively engaged in Green Infra. Mr. Nadkarni is a Bachelor of Commerce & Economics, a rank holder Chartered Accountant and a Cost & Management Accountant. He is a Fulbright Scholar, USA and completed leadership development programs at Wharton Business School (UPENN) and Tepper’s Business School (CMU). He is a member of Indian Merchant Chambers (PE and M&A) Committee. He has been speaker at various conferences arranged by VCCIRCLE, PEI, Clifford Chance, ICAI, IMC etc. He is married and has two daughters. He enjoys travelling, swimming and is a cricket lover.

Rupa Pandit MD – Nereus Capital Ms. Rupa Pandit is a Managing Director and founding member ofNereus Capital. Nereus Capital’s India Alternative Energy Fundinvests in independent power producers that develop, construct,and operate alternative energy projects in India. The Fund’sinvestment focus includes wind power, hydropower, solar power,and large-scale energy efficiency projects. Ms. Pandit has overten years of experience in alternative asset management andhas been investing in Indian companies since 2005. Prior to Nereus Capital, Ms. Pandit was at the D. E. Shaw group intheir New York, Mumbai, and Delhi offices. At the D. E. Shawgroup, she held roles in investing and business development. Ms.Pandit was one of the founders of D. E. Shaw’s Indian privateequity platform where she invested across sectors including realestate, media, and renewable energy. Prior to her role at the D. E.Shaw group, Ms. Pandit was an entrepreneur in the Internettechnology and healthcare sectors. She is a graduate of theMassachusetts Institute of Technology (MIT) in Cambridge, USA.

Sanjay Chakrabarti Partner & India Cleantech Leader, Ernst &Young Sanjay is the India Cleantech leader and represents India on the EY Global Cleantech Team. His responsibility includes giving strategic direction to the India practice, manage the team and lead the marketing and business development initiatives. He holds a Bachelor’s degree in Commerce and is a Member of the Institute of Chartered Accountants of India. Sanjay has strong strategy management, marketing and business development skills. He has a deep understanding of the India cleantech space. He has worked with several foreign companies in setting-up their business/ joint ventures in India. This includes a 2-year stint at New York as Head of the India Desk. Sanjay is involved in advising large and mid size Indian companies in establishing their renewable energy business in India, including bidding under the Indian National Solar Mission. He is also involved in advising foreign technology providers with their India business strategy.

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finance. His work on estimating costs of adaptation to climate change in India’s forests formed part of a book on Costing Adaptation (published by TERI Press). Previously, he also worked as a freelance programmer and architect of standalone small enterprise application software (built in Visual FoxPro).

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Tarun Sharma Director, NEA Tarun joined NEA’s India office in 2009 and is a Director of New Enterprise Associates (India) Pvt. Ltd. (NEA India) based in Mumbai. Tarun brings more than eleven years of experience in various roles in private equity investing and equity research. He serves as Director on the boards of Trishe Renewable Energy Solutions and Air Works, and as Board Observer on the boards of inTarvo Technologies and Intellisys Technologies. Prior to joining NEA, Tarun was with Peepul Capital Private Equity, where he evaluated investment opportunities in various sectors including consumer products and services, education, manufacturing and media. He was involved in structuring and executing transactions and actively managed several portfolio companies in consumer and media sectors. Previously, Tarun worked at Goldman Sachs International based out of their London offices, initially with the Equity Derivatives team, and then as part of the Global Macro Proprietary trading team, where he was responsible for generating and structuring investment strategies. Tarun received an MBA from the Indian Institute of Management (IIM) Ahmedabad, India and earned his B.Tech. degree in Mechanical Engineering from the Indian Institute of Technology (IIT) at Delhi, India.

Ashok Haldia Director, PFS Currently, whole-time Director in PTC India Financial Services Ltd. (PFS) since August, 2008, and led its development from a new entity to a holistic and fully institutionalized unique financing body for private power projects and , in a very high growth trajectory.Was also secretary of ICAI one of the largest professional, standard setter and regulatory body world wide and responsible for its transformation at national and international level.Also member of Appellate Tribunal for three professional bodies I,e, ICAi,ICSI,ICWAI and National Advisory Committee on Accounting Standards. A qualified Chartered Accountant,Management Accountant and a corporate secretary and has experience in industrial finance and policy,enterprise management,public sector policy, reforms and restructuring,power sector financing, reforms and restructuring,Islamic finance,accounting standard setting,company law and corporate governance,risk management,resource mobilization. Was Member/Chair of more than 20 Committees/Governing bodies appointed by Government, ICAI, FICCI, CII, ASSOCHAM and international bodies like IFAC,CAPA,UNCTAD,and SAFA. Also headed an apex body of SAARC.Recognized for services at national and international level. Extensively travelled worldwide and interacted with media in India and various countries.

Pankaj Sehgal Managing Director, SUN Group Mr. Sehgal heads renewable energy and technology investments at SUN Group with focus on private-equity; green infrastructure; and energy efficiency. He was among the first developers of solar projects in India. He has extensively analysed India’s solar landscape and has advised senior echelons of the Indian government on solar policy, over the past 10 years. He is currently raising a private-equity fund for solar deployment in the transforming economies globally. Earlier, he was with McKinsey & Company, where he counselled Boards and senior management of leading global companies in energy, telecommunications, software, and consumer products. Mr. Sehgal was also Managing Director of Quark, Asia Pacific, a leading software company, where he turned-around an 1800-employee organization. Earlier, he served as Vice President at i2 Technologies, USA, a leader in supply chain management software. Mr. Sehgal also held management positions with Kraft Foods, USA. He is a frequent speaker on solar and clean energy in international fora. He Chairs Cleantech Special Interest Group (SIG) of TIE, NCR. Mr. Sehgal has an MBA from Kellogg Business School, USA; MS in Computer Science from Illinois Institute of Technology, USA; and BS in Physics Hons. from Delhi University.

Rahul Goswami MD, Greenstone Investment Bank Rahul Goswami is an investment banker focused exclusively in the alternative energy space. His firm works with solar, wind and hydroelectric developers to raise capital for projects and finance corporate growth. Rahul has over 9 years of experience in renewable energy financing and has closed over 50 transactions representing more than $6bn of capital commitments. He is now focused on the Indian market and is one of the few investment banks exclusively specialized in the sector today. Rahul holds a B.S. in Economics from the Wharton School at the University of Pennsylvania with a concentration in Finance.

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Alipt Sharma Principal,GEF Advisors India Mr. Sharma joined GEF in 2010 as an employee of GEF Advisors India, bringing extensive experience in Indian private equity transactions. He is responsible for sourcing, structuring, and managing investments in South Asia. Prior to joining GEF, Mr. Sharma was a member of the investment team at AMP Capital Investors (AMP) in India, where he was responsible for identifying, analyzing, and managing Indian infrastructure opportunities. Prior to joining AMP, Mr. Sharma was an Associate Vice President with Ambit Corporate Finance, a leading Indian investment bank, where he focused on acquisitions and private equity transactions while assisting in the expansion of its capital markets practice. Mr. Sharma also spent seven years with Arthur Andersen and Ernst & Young, leading teams on consulting assignments for companies in the power and telecommunications sectors. He is proficient in English and Hindi. Mr. Sharma has a BA in Economics from Shri Ram College of Commerce, Delhi University, and an MBA from the Indian School of Business. He is also a Chartered Accountant.

Prashant Sinha Head - Energy, L&T Infra Finance I have 9 years of experience in Power sector. Out of it 7 years in power industry where I have worked as a developer, consultant & EPC contractor with Tata Group, Areva (French MNC) & Suzlon. For last two years, I am working as head Energy in L&T infrastructure finance where I am responsible for Investment strategy & project selection for financing.

Samir Shah Director– Waaree Energies Ltd Mr Samir Shah is qualified as a Chartered Accountant and lawyer (India) and as a MBA (Wharton). He has had a career in financial markets in New York and Hong Kong for the last 26 years with Deutsche Bank, Salomon Brothers and Goldman Sachs prior to forming his investment firm.He has been an investor in global financial markets and experienced in managing risk at these institutions. In the past few years, investments have included water management and renewable energy companies. Since last year, he spends most of his time in India. At Waaree, he is involved in financial and strategy decisions.

Gaurav Sood Managing Director, Solairedirect Energy India Pvt. Ltd. Gaurav Sood, 35, is the Managing Director of Solairedirect India. He was the first employee in India and has been instrumental in establishing Solairedirect amongst the leading Solar Photovoltaic IPP’s and EPC companies in India by building 16MW projects in the first operational year. He is MBA in Finance & Marketing and M. Tech. in Renewable energy and brings the rare mix of technical and business acumen to the table. He is currently also pursuing his PhD in Solar Energy Policy framework required for sustainable growth of the industry. Prior to joining Solairedirect, he was working on building a strong renewable energy portfolio for Bharat Forge, the flagship company of the $2.5 billion Kalyani Group. He has been involved in M&A, JV and fund raising for different companies in India and Europe. In his earlier roles he has worked as a management consultant in areas of strategy, operations, business excellence across industries like autocomponents, dye stuffs, polyester film, paper, asset reconstruction, insurance etc. On the personal front he tries to maintain work-life balance and spend quality time with his wife and daughter. His leisure pursuits are running, swimming and reading.

Naveen Khandelwal Head-Investments & Strategy at Hero Future Energies Ltd Total over 11 years journey covering active roles in Equity Fund Raising and Funds Deployment (Investments and Inorganic Business Development), Mergers & Acquisitions, Buy-outs, Control Investments comprising of Deal Origination, Deal Analysis, Deal Structuring, Financial Modeling, Due Diligence, Documentation & Deal Closure, Post Investment Analysis & Portfolio Management; supported by large ticket Infrastructure Project Finance/Structured Finance; post Techno-commercials and General Management in Power Sector Previous to Hero Future Energies he was working with Green Infra and SBI Capital Markets. He is a CFA and also did his masters from XLRI Jamshedpur.

Abhay Anand Director - Corp Finance, Grant Thornton Abhay is an Investment Banking professional having worked for close to 13 years focused on raising Private Equity, structured finance and M&A advisory. Abhay brings to the table significant end to end capabilities right from identifying early trends and opportunities to finally culminating deals with variety of promoters / management teams across many complex transactions.Abhay’s expertise includes raising growth capital, special situation funding, project and acquisition financing,debt / structured funding, management buy outs / ins and mergers & acquisitions across lifecycles of companies and sectors like Cleantech, Infrastructure, Industrials & Auto, FMCG, Healthcare etc.

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Deputy Director, KFW Andreas Thermann, Deputy Director of KfW Office New Delhi, has been working for KfW in India since 2011. Within the KfW Office New Delhi he is also heading the Energy Cell. KfW’s current portfolio under Indo-German Financial Cooperation amounts to 1.5 billion Euros (12,000 croreRupies) in the energy sector. Projects amounting to 1 billion Euros (8,000 croreRupies) are currently under preparation. Before joining the India office of KfW, Mr Thermann was responsible for energy projects in China and Mongolia financed by KfW. Prior to joining KfW, he worked with the Federation of German Industries and the Center for Applied Policy Research in areas of political and economic transformation. Mr. Thermann is a graduate of Munich University and has completed the postgraduate programme at the German Development Institute in Bonn. He holds an M.A. in Economics, Politics and Sociology.

Sunil Gupta Senior Development Consultant - Renewables, Sembcorp Industries A seasoned banker and experienced investment research professional. Led and mentored many winning teams and built many successful businesses. Significant experience in equity and structured credit transactions across multiple industries and geographies. Highly ranked for equity investment research in seven different categories. Deep domain knowledge in Technology sector gained over last two decades and Renewable Energy over the past decade.

Vikash Bagla Head Infrastructure, Macquarie Capital India Vikash has advised a variety of companies in Infrastructure and Energy business over the past 10 years in M&A and capital raise. Vikash joined Macquarie in 2008 and have been involved in developing the infrastructure and energy practice in India for Macquarie Capital. During this period, he has advised clients across spectrum including Adani Group, Macquarie SBI Infrastructure Fund, Greenko, Essel Group, KKR, GMR Group, etc. Prior to joining Macquarie, has worked extensively on capital raising and M&A transactions for various corporate in India including large transactions in the infrastructure and energy sector. Vikash is a Bachelor of Commerce with Honours from Calcutta University, India and an MBA from Indian Institute of Management, Indore Some key transactions include: • Advised Greenko to raise capital from GIC and EIG • Advised Adani Power to acquire thermal power assets • Advised CPPIB for their investment in L&T IDPL (roads portfolio) • Advised Lanco Infratech to sell their Hydro power project • Advised Essel Group to acquire the Power transmission and distribution for Nagpur city • Advised SembCorp to acquire a renewable energy portfolio (bid unsuccessful) • Advised Mitsubishi to invest in a power transmission company (bid unsuccessful) • Advised Macquarie SBI Infrastructure Fund (MSIF) for investment in 1,200 MW thermal power plant • Advised Macquarie SBI Infrastructure Fund (MSIF) for investment in 540 MW thermal power plant • Advised Navayuga Group to raise capital from 3i Infrastructure for Krishnapatnam Port

Ashwini Kumar Head - Credit, Tata CleanTech Capital Ltd. I am currently working with Tata Cleantech Capital Limited (TCCL) as Head of Credit. TCCL is into financing of Renewable Energy sector along with financing for any Energy Efficiency project, waste management and water management. Prior to working with TCCL, I have worked with Srei Infrastructure Finance Limited as Head of Risk. SIFL is an Non Banking Finance Company with the status of Infrastructure Finance Company and Public Finance Institution. There I was responsible for risk management of the organization, including credit risk, market risk and operational risk. Prior to this, I have also worked with Hongkong and Sanghai Banking Corporation (HSBC Bank) and Bank of Baroda. I had started my career as Probationary Officer in Bank of Baroda and I have overall 16 years of working experience with Banks and NBFCs in the areas of Project Finance, Infrastructure Finance including financing to Renewable energy sector, Corporate Finance, Risk, Credit, Compliance, Branch Banking, etc. My basic qualification is B. A. (Honours). I have done Post Graduation Diploma in Banking and Finance (PGDBF) from National Institute of Bank Management (NIBM), Certified Financial Analyst (CFA) from ICFAI and Certified Associate of Indian Institute of Bankers (CAIIB) from Indian Institute of Banking and Finance (IIBF).

Sachin Jain Associate Director, KPMG in India Sachin Jain is an Associate Director with KPMG driving execution of strategic growth initiatives and market development for consulting engagements across Energy, Cleantech and Sustainable Infrastructure segments. Prior to KPMG, he was head of strategy, global alliances, marketing and corporate development for $16.7 billion Mahindra Group for its 3 portfolio companies in Solar IPP, EPC Construction and Rooftop. During this time, Sachin contributed to company’s early successes in developing, financing and constructing 55 MW of projects and generating over $100 million revenue. Earlier, he successfully launched India operations for wireless networks business for Tyco International.

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Andreas Thermann

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He has more than 13 years of diverse industry experience in business development, strategy, starting up new business operations, strategic marketing, corporate development, investments and commercial due diligence. Sachin holds an MBA from the University of Cambridge, UK as a Tata Scholar, an MS from Ohio University, USA and a BE from the University of Mumbai.

K.S. Popli Chairman and Managing Director, IREDA Sri K.S. Popli has taken over as Chairman and Managing Director of Indian Renewable Energy Development Agency (IREDA) from 1st March 2014. Sri Popli is an Electrical Engineer from Birla Institute of Technology, Ranchi. He also holds Post Graduate Diploma in Project Management and a Degree in Law. He has experience of more than 29 years in power sector. As Director (Technical), he is responsible for project appraisal, financing, policy formulation, planning and monitoring of renewable energy and energy efficiency and conservation projects. Prior to joining IREDA, he worked with Power Finance Corporation for 14 years for both state sector and IPP Projects for Hydro, Thermal, Transmission and Distribution Sectors. He has served NHPC for 11 years and was associated with Design, Engineering and Implementation of Hydro Electric Projects.

Vivek Mehra MD, Aloe Group Mr. Vivek Mehra serves as the Managing Director at Indian Operations at Aloe Private Equity SAS. Mr. Mehra has over 20 years of experience as an entrepreneur, business manager, and research and development leader in a number of network computing and systems companies. He is an experienced finance professional, with several years of investment banking, corporate finance and corporate treasury management experience. During his career Mr. Mehra has build several successful businesses for large corporates in India. He established the sustainability business for YES Bank, by setting up the Sustainable Investment Bank. He has also been an active investor and advisor to startups in the areas of infrastructure software, networking, security, storage, and wireless. Mr. Mehra Co-founded Cobalt Networks Inc., in 1996 and served as its Chief Technology Officer and the Vice President of Product Development. He is a regular speaker at conferences and has contributed to publications in the space. He is the holder of one United States patent. He holds an M.B.A. from Banaras Hindu University. Mr. Mehra holds an M.S. in Computer Engineering from Iowa State University and a B.S. in Electronics from Punjab University, India.

Dr Arunabha Ghosh CEO, CEEW Arunabha Ghosh is CEO of the Council on Energy, Environment and Water (CEEW), an independent, policy research institution in India with a mandate to address pressing global challenges through an integrated approach. With experience in more than thirty countries, Arunabha’s work intersects international relations, global governance and human development, including climate, energy, water, trade and conflict. He advises governments, industry and civil society around the world on energy and resources security; renewable energy policy; water governance and institutions; climate governance (financing, R&D, geoengineering); energy-trade-climate linkages; and international regime design. Dr Ghosh is part of Track II dialogues on energy, water and climate change with the United States, Israel and Pakistan. He is associated with Oxford’s Global Economic Governance Programme and its Smith School of Enterprise and the Environment, and was previously Policy Specialist at the United Nations Development Programme (New York) and worked at the World Trade Organization (Geneva). He sits on the Governing Board of the International Centre for Trade and Sustainable Development, Geneva. In March 2013, the World Economic Forum selected him as a Young Global Leader. Arunabha holds a doctorate and M.Phil. in international relations from Oxford (Clarendon Scholar and Marvin Bower Scholar); an M.A. (First Class) in Philosophy, Politics and Economics (Balliol College, Oxford; Radhakrishnan Scholar); and topped Economics from St. Stephen’s College, Delhi University. He lives in Gurgaon, India, and speaks English, Hindi, Bengali and basic Spanish.

Nirupama Guruprasad Joint General Manager, ICICI Bank Joint General Manager in ICICI Bank Limited with over 15 years experience in various aspects of banking including areas of project finance, treasury, technology and operational risk. Currently part of the power sector vertical of the Bank’s Project Finance Group and heading the operations for Southern region in India. Key focus areas include thermal energy based projects and associated linkages and renewable energy projects. Have assessed and evaluated over 10000 MW of projects and have part financed projects aggregating about 5000 MW over the last 2 years. Her specialties are Credit analysis and Project Finance, Operational risk assessment in banking operations, Project management - technology and other special projects in the corporate banking area.

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Senior Investment Officer, IFC Gaetan Tiberghien is a Principal Investment Officer in Infrastructure and Natural Resources, South Asia for the International Finance Corporation (IFC), a member of the World Bank Group. Gaetan joined IFC in 2003. He is responsible for IFC’s investments in the power sector in South Asia. In addition, Gaetan is also leading IFC’s engagement in subnational sector in the region. Prior to joining IFC, Gaetan was an Associate Director, Investment Banking with Corficolombiana in Bogota, Colombia, working with clients in the infrastructure sector primarily in the energy subsector. He holds a Bachelor’s Degree in Agriculture Engineering (ISA, France), a Master in Agribusiness Administration (IGIA, HEC, France) and has earned the Chartered Financial Analyst certificate (CFA) in 2006.

Ardeshir Contractor MD & CEO - Kiran Energy Solar Power P.Ltd Mr Ardeshir Contractor is the Managing Director and CEO of Kiran Energy, which he cofounded in 2009. Kiran Energy is a leading solar energy generator in India supplying to public and private companies. Ardeshir was previously the Managing Director of KPMG India and the managing partner for the Advisory Business, including Corporate Finance, Transaction Services, and Infrastructure Advisory. He has served on many company Boards as an independent director. Mr Contractor holds a BTech from IIT Bombay and an MS from Ohio State University.

K. Vijayanand MD, APGENCO Kaveti Vijayanand, is an Indian Administrative Service officer of Andhra Pradesh Cadre, posted as Assistant Collector for Adilabad district in the year 1992. With Vijayanand as the Managing Director & Director, APGENCO won The India Power Award - Overall Utility Performance Generation award in 2008, 2009, 2011 and 2012; the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Ninety Third Annual Function Excellence Award 2009-10 - Excellence in Industrial Productivity and National Award For Meritorious Performance - Thermal Power Stations Performance (Dr Narla Tata Rao Thermal Power Station) from Sushilkumar Shinde in the year 2010. For his excellence Vijayanand received “CEO of the Year (State Thermal)’ 2013” award from Sri N. Kiran Kumar Reddy on 22 November 2013.

Dr. Bengt Jaeckel Expert on Solar Projects - UL Germany Bengt Jaeckel is principal engineer (PDE) in UL’s global renewable energy initiative. This involves the whole value chain in the photovoltaic sector, starting with wafers and cells and ends with large PV installations and their challenges. Bengt was working in the solar industry for more than five years before joining UL in 2012. In the past he was working on PV module testing and certification, reliability evaluation and the possibility for lifetime prediction. That included the development of new testing procedures and the evaluation of their advantages as well as their limitations. During the last years he was involved in the testing and evaluation of all major photovoltaic technologies, including crystalline silicon, CdTe,CIGS/CIS and a-Si/c-Si. Lately he is focusing on the reliability and quality testing of PV modules used in large PV applications. These types of installations require site specific testing to keep costs down and quality up to finally ensure the return of investment. Bengt received his PhD at Darmstadt University of Technology in Materials Science in 2005. His major focus was surfaceand interface- formation of semiconductor interfaces used in PV applications. From 2005 until 2007 he was a research fellow at Colorado State University in the department of Chemistry. He is a member of the DKE (Deutsche Kommission Elektrotechnik Elektronik Information stechnik) and a representative of the German National committee for IEC TC82. Bengt has spoken at numerous industry conferences and seminars on reliability ofphotovoltaics including IEEE, Solar Power International, several Solarpraxis seminars, EUPVSEC, PV-Expo Japan, Greenpower conferences GPVC Korea, WCPEC, Japan, reliability workshops held by NREL, ISE Fraunhofer and TüV Rheinland.

Suresh Sugavanam MD - India & South Asia, UL Suresh Sugavanam is the Vice President and Managing Director for UL South Asia (India, Bangladesh and Sri Lanka). In this capacity, he is responsible for driving UL’s growth in India, building on the solid foundation and momentum achieved by the ‘In India, For India Strategy’. Suresh Sugavanam joins UL from Suzlon Group where he led several strategic and operational assignments for over five years. Most recently, he was based in Germany as Senior Vice President – Operations, Planning, Fulfillment and Strategy for RE Power Systems, a $2.5B wind turbine subsidiary of Suzlon. He started his career with Ernst & Young in June 1997 as a Senior Consultant. After a 3 year stint as an ERP and Business Process Reengineering Consultant for Oil & Gas and Infrastructure industries, Suresh took on the role of founding member and VP of iSeva, Inc., a BPO services company for the mortgage banking and communications industries in the United States, the United Kingdom and India. In 2002, he joined Boston Consulting Group as a Project Leader and was assigned to lead client engagements in energy and natural resources, airlines, telecom and media. In 2006, he took on a Portfolio

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Gaetan Tiberghien

SPE AKE R PROFI L E

Management role where he led and incubated several companies. His vast experiences led him to his next role as the Head of Strategy and Acquisitions at Lexus Nexus, UK where he conceived and executed LN’s entry and expansion into Practice Management solutions for two years. He then joined Suzlon Energy in 2008 and worked in the Chairman’s office based in Mumbai where he was in charge of strategy and corporate development across several group companies. At UL, Suresh Sugavanam’s local and global business experiences herald a renewed focus and commitment to safety in India and South Asia. Suresh is a Chemical Engineer from Indian Institute of Technology, Delhi and holds an MBA in Strategy, Finance and International Business from University of Chicago-Booth School of Business. He is currently based in Bangalore.

E V Narasimha Reddy ED, TSIIC He has extensive experience of working at cutting edge level & with grassroot level institutions both in urban and rural contexts. Well versed in implementation of urban poverty eradication programs and EDP – Entrepreneurship Development Programmes, having worked as Executive Director,B.C.Corporation, Hyderabad for nearly 4 years. As Nodal Officer for a constituency – worked closely with urban communities and monitored various developmental activities with effective coordination of functional departments in Hyderabad Municipal Corporation’s jurisdiction. Associated with early implementation and developing procedures for implementation of National Rural Employment Guarantee Program- the flagship program of Govt.of India launched by Hon’ble Prime Minister of India, in Rangareddy district in the year 2005. Having rich experience in financial and marketing management as Managing Director, HACA Ltd,. The turn over handled as the Managing Director, HACA Ltd is around Rs. 180 crores per annum. Executive Director – Promotion of Industries. Dealing with implementation of infrastructure facilities in SEZs, Industrial Parks, MSME Parks etc. Well versed with the GOI Industrial Policies, SEZs and MSME Sector Development.

Anurag Garg VP–Solar, Schneider Working experience of 22 years at different location in India in different domains viz Manufacturing, Commercial - Tendering & Contract Management of MV Switchgears, Dealer & Channel Management for Service business, Long Term Service Contract Management & Commercial for T&D Services, Business Development of Long Term Maintenance Contracts (Asset Care) and T&D Service Solutions in India and APAC, P&L and Plant Management for Ring Main Units and MV Products. He is a Graduate in Mechanical Engineering / MSc in Engineering Business Management- University of Warwick.

Sailesh Prasad AGM, EXIM Bank of India Currently working as Assistant General Manager (AGM), I have about 13 years of experience in Exim Bank working in various departments such as Corporate Banking, Project Finance and Research & Planning Groups. In addition to an overseas assignment in South Africa, Sailesh has diverse experience in project funding, structured finance, international banking and overseas investment finance. Qualification: Masters of Business Economics from Delhi University

EQ Financing the Renewables Summit, Mumbai 03-04 DEC 2014