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Agenda Overview

Day 1: Thursday, June 29, 2017

8:15AM Registration & Refreshments
9:00AM Chairperson's Opening Remarks
9:10AM Renewable Energy: Government Keynote Address
  • A brief summary of the current composition of Argentina’s energy matrix
  • A look at perceived successes and failures of recently held auction processes
  • Looking ahead: following the successes of RenovAr 1 and RenovAr 1.5, when will the next rounds be held?
  • Is the government on track to meet its renewables target of 8% of generation by 2017 and 20% by 2025? What obstacles does it face?
  • How involved have provincial governments been in encouraging investment into wind and solar PV projects through joint ventures?
Sebastian Kind, Undersecretary, Renewable Energy, Ministry of Mines & Energy, Government of Argentina
9:40AM PPP: Government Keynote Address
  • Outlining Argentina’s estimated infrastructure deficit
  • A Recap of Argentina’s $36 billion transportation investment plan in the rail, road, port, airport, waterway and urban mobility sectors
  • Other priority projects and target sectors for PPP
  • Plans on whether to tender projects under the PPP or the concession frameworks
  • How does the government plan to mobilise funding for projects?
  • Timetable for awarding projects and next steps in terms of regulation of PPPs
  • Will the government promote private sector investment in social infrastructure projects?
José Luis Morea, Head of PPP Unit, Ministry of Finance
10:10AM Examining the investment plan for Argentina's rail infrastructure

This presentation will share the investment plan for Argentina’s railways, which aims to transform the infrastructure for passenger and freight rail throughout the country – the largest plan of its kind in the last 100 years.

Guillermo Fiad, President, Trenes Argentinos Infraestructura
10:40AM Morning refreshments & networking break
11:15AM Investor panel: Regaining investor confidence
  • How can the new government build robust legal frameworks for the financing of infrastructure and energy projects?
  • How has the creation of the Foder trust to guarantee payments served to ease investor confidence in the renewables sector?
  • What additional guarantees or regulatory changes do foreign investors require before committing to projects in Argentina?
  • What measures has Macri’s government introduced with regard to relaxing restrictions on the repatriation of profits for foreign firms?
  • Outlook for the upcoming October elections and their impact on investor confidence
Moderator: Matías López Figueroa, Partner, Bruchou, Fernández Madero & Lombardi
Javier Areitio, Director - Energy, Actis
Erik Savi, Global Head Of Infrastructure Debt, BlackRock
Maurizio Bezzeccheri, Country Manager, Enel Argentina
José Miguel Lyon, Head of Structured Finance Latin America, Vinci Concessions
12:00PM Argentina's renewable success
  • A review of the RenovAr 1 and RenovAr 1.5 auctions:
    • Are the prices achieved in these processes sustainable?
  • Who are the new equity players in the sector?
  • What is the participation of international sponsors compared to local?
  • What is the average ROI on Argentine renewables projects, and how does this compare elsewhere in the region?
  • Could Argentina borrow from the IPO equity financing structures closed in Uruguay?
Moderator: Fabricio Longhin, Partner, Clifford Chance LLP
Elliot Titman, Managing Director, Alpha Renovables LLC
Juan Bosch, President, SAESA
Juan Guillermo Walker, New Business Latam, Mainstream Renewable Power
Federico Sbarbi Osuna, Development & New Business Director, Genneia
12:45PM Lunch
2:00PM Thermal energy in Argentina: market developments and financing trends
  • Mapping Argentina’s thermal energy landscape
  • Review of recent and upcoming thermal energy tenders
  • Is the market expecting the PPAs for the next thermal auctions to follow the renewable energy PPA or will the market accept the existing thermal PPAs?
  • Deals and finance structures
  • Future developments, opportunities and challenges in thermal energy
Moderator: Francisco Macias, Partner, Marval O'Farrell & Mairal
Daniel Castagnola, Managing Director – EFS Global Markets, GE Capital
Martin Mandarano, President, YPF Energía Eléctrica
Martín Genesio, Country Manager, AES Argentina Generación S.A.
2:45PM Lender perspectives - getting accustomed to Argentine risk

Lender panel 1: Multilaterals, ECAs and bilateral agencies

  • Financing the first wave of renewables projects:
    • Which kinds of financial institutions have committed to projects so far?
    • What role are multilaterals playing in financing projects?
    • What lessons have been learned in past transactions by multilaterals and what is their attitude towards funding on projects today?
    • What can export credit agencies (ECAs) and bilateral agencies bring to the table?
  • Expectations for DFI participation in PPP financing
Moderator: Dorian Messuti, Vice President, Citibank
Antonio Barbalho, Practice Manager, Latin America Energy, World Bank
Martin Duhart, Principal Investment Officer, Inter-American Investment Corporation (IIC)
Juan Payeras, Chief Investment Officer., IFC
Andrew Eckhardt, Vice President, Power - Renewables - Water, SEG no account
Romina Ventura, Vice President, Banco Santander Spain
3:30PM Afternoon refreshments & networking break
4:00PM Lender panel 2: Capital Markets, commercial banks and local financiers
  • Are international commercial lenders ready to provide project finance in Argentina?
  • Commercial lender insights on PPAs
  • What is the role of the capital markets in these structures?
  • What is the role of local financiers?
  • Would it be useful for the government to develop a template concession agreement for PPPs across various sectors?
  • Have any RenovAr projects achieved financial close?
  • How do financing structures differ between projects contracted with Cammesa in RenovAr and self-supply projects?
Moderator: Gianluca Bacchiocchi, Partner, Clifford Chance US LLP
Raphael Dumas, Director | Infrastructure & Real Estate Group, Americas | Project Finance Americas, HSBC Bank
David Gonzalez, Head of Infrastructure Project Finance, Latin America, SMBC
John Greenwood, Managing Director, Project, Infrastructure & Principal Finance, Goldman Sachs
Cecilia Minguillon, Senior Director, Energy and Project Finance, FIXSCR Fitch Ratings
Miguel Morales, Vice President, Project and Acquisition Finance - Power and Renewables, Banco Santander
4:45PM Infrastructure investment opportunities in Argentina: Overhauling the sectors and rolling out PPP
  • How can credit committees get to grips with Argentine sovereign risk?
  • How will the country’s return to the international debt capital markets help to boost infrastructure financing? 
  • Identifying obstacles in regional integration and logistical bottlenecks hampering growth
  • What are the immediate ramifications of the signing of Argentina’s PPP bill into law?
  • How was the bill and its regulatory decree perceived by the market?
  • Could Argentina borrow PPP models from neighbouring LatAm countries, such as Chile, Peru, or Colombia?
Moderator: Raul Denegri, Director – Head of Brazil Agency & Trust Sales, Citi
Andres Zenarruza, Counsel, Corporación América
Jose Mestres, Head of Argentina and Chile, Patria Investmentos
José Augusto Gomes Campos, Business Development Director, Andrade Gutierrez
5:30PM Closing remarks & drinks reception