Day One: 10th April 2008
8.15 Morning coffee and registration
9.00 Chairman’s opening remarks
- Outlining the investment climate in Turkey from a politico – economic perspective
- Overview of Turkish Project Finance Market
- Where are the emerging sectors for project finance in Turkey?
- Analysing the role of TOBB in project and infrastructure finance projects
M. Rifat Hisarciklioglu, Chairman, DEIK (Foreign Economic Relations Board)
9.10 Private sector perspectives: The evolution of project financing opportunities
- How has the Turkish banking sector changed over recent years?
- Spotlight on M&A and consolidation in the Turkish financial sector – how has this affected project financing in Turkey?
- How have tenors increased? Is this a sustainable trend?
- Tracking the move towards more uncovered loans
- How are banks able to offer more complex and creative financing solutions?
- The recent turmoil in international financial markets and its impact on project finance in Turkey
Turkekul Dogan, Executive Director – Origination, Istanbul Office, West LB
Ebru Dildar Edin, Coordinator - Head of Project and Acquisition Finance, Garanti Bank
Murat Bilgic, Regional Manager, Corporate Loans Department, IsBank
Bruno Cloquet, Director, Global Export and Project Finance (Middle East & Turkey), Fortis
Moderator: Aygen Yayikoglu, Principal Investment Officer, IFC
10.10 Keynote Ministerial address
- What are the prime sectors that will benefit from project financing?
- Analysing the need for project and Public Private Partnership (PPP) based infrastructure financing and procurement in Turkey
- How are key ministerial departments working together to facilitate this level of activity?
- What can local and international investors bring to the table, and what can they expect in return?
Kürşad Tüzmen, Minister of State of Turkey*
10.30 Coffee and networking
11.15 How are multilaterals financing infrastructure projects in Turkey?
- Analysing the need for infrastructure investment structures across key business sectors
- Public or private sector promoters - what suits better? How can these deals be successfully financed?
- How could developing legislative frameworks facilitate this process and eventually make projects more bankable?
- How do European Union grant schemes alter the picture?
Franz-Joseph Vetter, Head of Lending Activities in Turkey, European Investment Bank
12.00 International legal perspective: How has legislative review in Turkey affected project financing?
- How has international market practice and the presence of international law firms in Turkey impacted on project financing legislation?
- How have PPPs been used in Turkey in the past and to what effect?
- Analysis of the Executive Committee Review of PPP legislation: progress so far and consequences for future PPPs from a bankability perspective
Riko Vanezis, Partner, Clifford Chance
12.30 On the road to success – infrastructure financing in the transportation sector
- How is the Ministry of Transportation working with other ministerial departments, governmental agencies and municipalities to facilitate infrastructure financing?
- Evaluating strategies for infrastructure financing as outlined in the Transport Action Plan (2008 – 12)
- Where are the new opportunities for project developers in this sector?
- Why are these types of concessions appealing for project developers and investors?
- Examining the success of project developer partnerships in infrastructure projects in Turkey
Binali Yildirim, Minister of Transportation, Government of Turkey
12.50 How is the Turkish energy sector set to grow and flourish through privatisation and project financing?
- Project financing in the Turkish energy sector - What’s the rush?
- How can Turkey gear up its capacity for energy production through Greenfield and Brownfield power plant projects?
- Can supply security be effectively maintained through the development of alternative forms of energy?
- Will Turkey still need to import electricity, and if so, from where?
- What can international and domestic project developers bring to projects?
Dr. M Hilmi Guler, Minister for Energy and Natural Resources, Government of Turkey
13.10 – Lunch – sponsored by Daruma Corporate Finance
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PPPs and Infrastructure Financing |
Energy, Utilities and Project Finance |
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14.40 Privatising highways, motorways and toll roads
How can concession models be effectively developed for highways and toll roads in Turkey?
How can risks be effectively calculated?
How can these deals be successfully financed?
Examining the success of project developer partnerships in infrastructure projects in Turkey – what have these partnerships brought to the table?
Jane Sefo, Director, RREEF
Yildiz Koc, Project Group Head, Privatisation Administration
Vardy Jones, Market Sector Director, Infrastructure, HPR
Burcu Evciler Avcı, Head of Project Finance, DenizBank
Moderator: Mustafa Tiftikcioglu, Senior Vice President - Project and Acquisition Finance, Garanti Bank |
14.40 What is the future of the electricity market?
Analysing the tendering process for electricity distribution licenses – how straightforward has this been?
How will the government’s efforts to improve this process work in reality?
What lessons can be learned from international practice?
Just how attractive are the incentives offered by the Turkish government to international and local project developers?
15.00 Going bigger, better and cheaper: Privatising electricity distribution
Has the government’s liberalisation policy moved beyond Turk Elektrik Dagtim?
Analysing the tendering process for electricity distribution licenses
Renewable energy – just how favourable are “favourable tariffs”?
How will amendments to Electricity Market Law affect electricity distribution?
Where are the tax incentives, and how will they attract international and local project developers?
Hasan Koktas, Vice President, Privatisation Administration of Turkey |
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15.45 - Afternoon tea and networking
| 16.15 Project financing in the rail sector – capitalising on existing and new opportunities
Successfully working with municipalities – Istanbul Metropolitan Municipality and rail sector projects
Spotlight on new projects – Istanbul Ankara high speed railway project
Where are the opportunities for project developers and sponsors
Turkekul Dogan, Executive Director – Origination, Istanbul Office, West LB
Mehmet Peker, Business Development Director, Yenigun Inc |
16.15 Developing renewable energy production – where to next?
How can hydroelectric, wind and geothermal power help meet Turkey’s impending electricity shortfall?
How can these projects be successfully financed?
How are multilaterals participating in these projects?
Analysing Turkish legislation on renewable energy – incentives and sanctions
Renewable Energy Resources Certificate – What are the qualifications and benefits?
What can international project developers bring to these projects?
Oliver Wendland,Department Project Finance and Ships,Euler Hermes Kreditversicherungs-AG, Export Credit Guarantees
Ece Guner, Managing Partner, Guner Law Office
Justus Vitinius, First Vice President, Infrastructure, DEG Invest
Tolga Bilgin, President, RESSIAD (Turkish Wind and Hydro Energy Association)
Moderator: Susana Vivares, Executive Director, Global Energy, West LB |
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17.15 Privatising ports – are there still deals to be done?
Examining future opportunities for port modernisation and capacity expansion
Highlighting new projects – Greenfield shipyard projects as a result of port privatisation
Case study analyses of major port privatisations – what are the lessons to be learned?
Are the effects of the Competition Board regulations likely to continue to impact on the privatisation process?
Who gets the revenue from port privatisation? Spotlight on new rail projects financed by privatisation of ports
Sundeep Vyas, Director, RREEF
Rob Walker, Chief Executive Officer, DP World Yarimca
Moderator: Ozan Gursoy, Assistant Manager, Project Finance, IsBank |
17.15 Evaluating the challenges of project financing energy projects in Turkey
What is a typical project contract structure?
Analysing the main bankability issues in this process
What are the key regulatory concerns in energy projects?
How can security issues be overcome to ensure successfully financed energy projects?
Nicholas Wong, Partner, Clifford Chance |
18.00 Chairman’s closing remarks
18.15 Close of conference
18.30 Cocktail reception – sponsored by Garanti Bank
Day Two: 11th April 2008
8.30 Registration
9.00 Chairman’s opening remarks
9.10 Acquisition financing – how is this taking off in Turkey?
- How can acquisition financing become more advanced in the Turkish market with opportunities for project financing?
- Which sectors are set to benefit from this growth?
- What can be taken from international experience and applied to projects in Turkey?
Ahmet Tataroglu, Managing Director, NBK Capital
9.50 Calculation of risk – is Turkey now a more appealing environment for project financing?
- Sovereign risk: how has this changed in recent years? Is this set to stay this way?
- How important is economic and political stability in project financing?
- Rating municipalities - a distant prospect? How will new levels of project financing change this?
Botan Berker, Director - Istanbul Office, Fitch Ratings
10.45 Is nuclear power the way forward? Developing and financing nuclear power in Turkey
- Could nuclear power be a real solution to Turkey’s impending energy shortfall?
- Examining International Treaty obligations and nuclear liability regime
- How can these deals be successfully financed?
- Analysing risk allocation in nuclear projects
- Evaluating the availability of nuclear insurance
Christopher McGee-Osborne, Partner and Energy, Transport and Infrastructure Head, Denton Wilde Sapte
11.15 Coffee and networking
| PPP and Infrastructure Financing |
Energy, Utilities and Project Finance |
| 11.45 Taking a closer look at water and wastewater treatment plant projects
Where are these projects taking place in Turkey?
How are these projects being financed?
What can multilaterals bring to these types of projects besides financing?
Overcoming challenges to working with municipalities on these projects
Where are further opportunities in this sector? Spotlight on refinancing and upgrading existing facilities
Dr Sahim Tekeli, Ankara Representative, Arup |
11.45 Pursuing alternative energy sources in the quest to meet Turkey’s energy consumption needs
Spotlight on wind power – how can this new form of energy help Turkey meet its forthcoming electricity shortfall?
How can these projects be successfully financed?
Has recent legislative review simplified the process of structuring these projects?
What can project developers take from international practice?
Kaj Morlock, Vice President, Project Finance, Landesbank Baden-Württemberg
Erol Demirer, Chief Executive Officer, Demirer Holding
Moderator: Okan Altug, Managing Partner, Daruma Corporate Finance |
| 12.15 Up, up and away – evaluation of deal financing opportunities through airport privatisation
How has usage of the Build – Operate – Transfer (BOT) concession model pushed the boundaries for subsequent deal structuring and financing in this sector?
How has multilateral financing developed capacities for further levels of private sector investment in this field?
Developing PPP models for the airport sector – opportunities and challenges to overcome
Where are the new opportunities in this sector – spotlight on supporting infrastructure investment, airport upgrade and operations contracts
Turkey and beyond – how Turkish project developers are participating in international projects and what this means for infrastructure financing
Murat Ulug, Chief Financial Officer, TAV Airports Holding
Gueorgui Horozov, Director of Energy and Infrastructure, Black Sea Trade and Development Bank~
Alexander P. Zinell, General Manager, Antalya Airport
Moderator: Rene Kassis, Head of Infrastructure Finance, Dexia DCL |
12.15 Where are the opportunities for new generation investment in plant production?
Where are these projects taking place in Turkey?
Case study analyses of previous successful privatisations – how has Erdemir pushed the boundaries for project financing in this sector?
Tendering for plant regeneration and rehabilitation contracts – how effective is this process?
Analysing successful project financing of power plants – what are the lessons to be learned for future projects?
New tenders for new concession models – examining the tender process for TOR concession models.
Duncan MacDonald, General Manager, Enka Power
Marc Thümecke, Head of Metals, Pulp and Paper, Project and Commodity Finance, Unicredit / HVB
Moderator: Erwin Boon, Head of Global and Project Finance Turkey, Fortis Bank |
| 13.00 Public Private Partnerships in the Turkish health sector
Why is PPP an appropriate model for investment in the Turkish healthcare sector?
How will legislative reforms impact on new PPPs in this sector?
Spotlight on successful PPP ventures abroad and how this model can be successfully applied in Turkey
Where are the opportunities for local and international project developers? Cumali Yuksek, Head of PPP Department, Ministry of Health |
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13.30 Lunch, followed by close of conference
Lunch sponsored by Fortis Bank