Download the 2012 - The European Power Generation Strategy

The Annual European Power Generation Strategy Summit & Power-Tech Forum & 3-day Exhibition & Power Project Financing & M&A Forum

Monday 3rd – Wednesday 5th December 2012 The Four Seasons | Prague | Czech Republic www.europeanpowergeneration.eu

“Our most basic common link is that we all inhabit this planet. We all breathe the same air, and we all cherish our children's future.”

John F. Kennedy

“By attending the EPG Summit you will be briefed on changes in policy and the

solutions that are present for the energy & climate challenges ahead”

Dominique Woitrin, Director, CREG

Mark Porter

Onshore Director - Northern Europe

Getting the Fuel Mix Right The Technological and Political Direction of EU Power Market Integration and Standardisation

Peter Markussen Director & Head of Strategy

Special panels and case study presentations by major European power utility executives, regulators, and R&D specialists - providing crucial insights into the future of Europe’s Power Generation Market

Peter Devlin, Fuel Cell Technologies Program – Washington D.C

Development (Nordic)

Franz Bauer, Head of Fossil-fired Power Plants, VGB PowerTech Martin Englisch, Chairman, OFI Technologie and InnovationsLars Geoffrey

Morrison, Programme Manager, IEA Clean Coal Centre Peter Ramm, C.O.O Europe, Advanced Power

Gaidis Klavs, Lead Researcher, Institute of Physical Energetics Martin Andersen, Head of Office, Kalundborg

:

:

David Viduna, Head of Longterm Origination, ČEZ

For attendance or sponsorship inquiries or assistance please email: [email protected] or call: +357 99180 833

Supporting organizations

include:

Sponsored by

Over 70 Leading Industry Speakers Including:

Enabling European Power Generators to make the Right Strategic Decisions

Regarding the Development of the Power Generation Portfolio

- Power Technology Speakers Include -

- Financing for Power Projects Speakers Include -

- European Power Market Analysis Speakers Include - Alan Svoboda, Executive

Director Sales & Trading

Lars Jacobsson Head of Strategic Planning &

Mats Nilsson, Economist, Vattenfall

Patrick Heather, Senior Fellow, Oxford Institute for Energy Studies Roland Matous, Electricity Expert, Energy Community Secretariat

Jim Campion, Partner, EnerCap Capital Partners Adam Pool, CIO, European Investments & Partners

Frauke Thies Policy Director

Executive Director Geoff Haley, Chairman, IPFAJosé Antonio López, Director - Equity Research, HSBC Bank

Simon Scott, Director- Energy Project Finance, Société GénéraleLubov Kotzeva, Director, Rothschild

Jessica StrömbäckKim Keats, Executive Director - International Infrastructure Analysis,

IPA Energy + Water Economics

Hosting a delegation of the chief decision-makers and strategists within Europe’s Power Utilities Industry, EPG 2012invites you to gain critical insights into formulating a balanced and forward-looking power portfolio. Addressing thecrucial market, regulatory and technological issues and questions that are delaying the swift execution ofcomprehensive and far-reaching decarbonisation efforts, attending delegates will hear from the most accomplished,successful practitioners, experts and pioneers in the industry. Participants will address the critical issues affecting thepower portfolio and how to enable effective forward planning despite volatile economic conditions.

Thorough Examination of the Ongoing Economic Crisis and the Projections of Leading Economists on theConsequences for the European Power Utilities Industry

Optimising the Forward-Planning Process Regarding the Future Power Generation Portfolio Mix for PowerCompanies Operating Within the EU

Where European Energy Companies Should be Investing Given Europe’s Ambitious Carbon Reduction Targets andFuel Dynamics

How the Current Downward Pressure on Energy Prices Should be Managed and the Longer Term Affect onGeneration Asset Investments

Overcoming the Challenge of Stalled Power Projects Given the Prevailing Economic Climate Projection of European and World Energy Demand and How to Securing the EU’s Energy and Fuel Supply How Pioneering Emerging Technologies Will Affect The European Power Generation Industry in the coming Decade Fuel Supply Diversification and Security and Mid-Long Term Projections for Gas Pricing and Sourcing Enabling Nuclear Energy to Effectively Contribute to a Carbon-Free Market Efficiently Upgrading Existing and New Build Power Plants How European Power Generators Should Prepare for the Mass Electrification of Personal Transport Vehicles Feasibility and Management of Renewable Energy Projects and Investments during the Current Economic

Environment How to Incorporate increasing levels of RES into the European Energy Market Entering New RES Markets (Off/onshore) Wind and Solar in North-West Europe and in Emerging Markets such as

CEE and Turkey

Practical Implementation and Cost Implications of the Third Energy Package Assessing the Progress and Cost Implications in Achieving 20/20/20 Targets and Objectives EU Commission Update on Anti-Trust Issues and New legislation The Regulatory Aspects of Entering New Markets on the European Continent Risks and Entry Strategies for Established and Emerging Markets Regulatory Developments and the Market Opportunities Being Created in Western, Central & Eastern Europe,

Turkey, the USA and the BRIC regions Regulatory Aspects to Entering New Markets on the European Continent

Northern, Western, Central & Eastern Europe, the USA and BRIC Regions

THE EUROPEAN POWER GENERATION STRATEGY SUMMITMain Conference 3rd - 5th December 2012

Making the Right Strategic Decisions Regarding the Power Generation Portfolio and EfficientlyExecuting Projects and Entering Developing Markets in Europe and Around the World

Strategic Planning for Coal, Gas, Nuclear and Renewable Power Generation

Regulatory Issues Affecting Power Generation Planning

Risk & Entry Strategy Analysis for Established and Emerging Markets

The Summit programme has been devised to conveniently enable attendees to travel to Prague on Mondaythe 1st and depart on the afternoon on Wednesday the 5th of December

The EPG Summit is the European Power Industry’s leading peer-to-peer forum for discussing strategic business planningissues for the following executive profiles from incumbent and independent energy utility companies:

• CEOs, Presidents & Chairmen• CFOs and Heads of Finance• Heads of Strategic Business Planning and Development• Heads of Power Assets and Generation Portfolio Management• Directors of Legal and Regulators Affairs• Senior Managing and Project Directors• Heads of Risk Management• Heads of R&D• Heads of Analysis• Heads of Trading

Conventional and renewable energy asset buyers, sellers and developers will also come together in Prague to network and gatherintelligence from the Global and European power utilities industry together with equity investors, investment bankers, lenders,government representatives and regulatory expertsAs Europe struggles to forge a coherent nuclear energy strategy and while efforts to achieve critical C02 reduction targets drive the renewaland development of more efficient methods of generating electricity, buyers and sellers for individual projects or entire companies facechallenging times ahead. Within the EU transaction volumes for energy assets is constantly changing in size and scope and althoughdevelopers, operators and strategic investors are prepared to deal, the path to selecting and structuring the correct deal and actually closingit remains challenging. With unpredictable regional government policies and tight and uncertain credit markets only the very well informedwill be able to accurately judge how market developments, regional infrastructure incentives and regulatory trends will affect asset valuesover the longer term.

Reasons to Attend the Financing and M&A Forum Specifically Relevant for

• Enhance your understanding of the dynamics governing the current market forenergy financing and M&A deals in Europe given the global recession

• Discover how to engage strategic players by knowing what they look for interms of their acquisition targets

• Become updated on how regulatory changes will affect the sector• Gauge the investment banking community’s perspectives on the deal market• Gauge how conventional and renewable energy project developers view

the market over the coming year• Become aware of the type of deals equity investors are seeking• Increase awareness of how to navigate through a transaction• Become familiar with the type of terms financiers are offering

• CEOs, Presidents, Chairmen,• CFOs and Heads of Finance• Heads of Investment• Heads of Strategic Business

Planning and Development• Heads of Power Assets and

Generation Portfolio• Heads of Risk Management & Project Directors• Heads of Risk Management &

Directors of Legal Divisions

The Power-Tech 2012 Forum will take place on Monday 3rd December with the Exhibitionspanning the full 3 day Summit in the EPG Exhibition Lounge (3rd – 5th December)Power-Tech 2012 will specifically focus on: New Technology Show-Cases from Leading Developers and Manufacturers New Technologies Improving Efficiencies and Power Conversion for: Coal and Gas

Generation – Nuclear – Renewables: including Wind, Hydro, and Solar New and existing Power Plant Upgrades The Latest Advances in Smart-Grid Technology & Deployment Progress on CCS Pilot Projects & Technologies How to Incorporate Increasing Levels of RES into the European Energy Market

Case Studies from Prototype Energy Storage Solutions and Hydrogen Economies

The 2012 Power Project Financing & M&A Forum (Focus Day - Monday 3rd December)

The EPG Executive Delegation: A Summit Specifically Formulated for Decision Makers & Strategists

POWER-TECH 2012 (Power Technologies Forum - Monday 3rd December & 3-Day Exhibition)

wwwwwwwww...eeeuuurrrooopppeeeaaannnpppooowwweeerrrgggeeennneeerrraaatttiiiooonnn...eeeuuu | For attendance or attendance enquiries please email [email protected] | or call: + 357 99 810 833

EPG Pre-Conference Power Project Financing and New Power Technologies ForumsMonday 3rd December 2012 (Summarized Agenda)

12:00 Registration & Networking Lounge Opening

1 3 : 0 0 Chairman’s Opening Address – André Jurres, CEO, NPG EnergyOpening Session

Project Finance in a Depressed Economic MarketSpeaker: Geoff Haley, Chairman, International Project Finance Association

POWER PROJECT FINANCING STREAM NEW POWER TECHNOLOGIES STREAM

1 3 : 4 0 Financing Renewables at a Time of Regulatory ChangeSpeaker: Arnaud Bouille, EMEIA Lead for Renewable CorporateFinance, Ernst & Young

Flexible Power Generation Enabling Wide Integration of RESSpeaker: Kenneth Engblom, Marketing Director, Wärtsilä Power

Plants

1 4 : 1 0 Investing in the European Power Market – Safe as Houses? Foster Wheeler CFB Technology - Enabling Fuel Flexibility forPower and CHP Generation with Broad Range of Fuels

Speaker: Markku Kostamo, Regional Vice President Sales andMarketing, Foster Wheeler Global Power Group

1 4 : 4 0 Financing New Major Baseload Power Generation Builds inEuropePanellists: Simon Scott, Director, Energy Project Finance, SociétéGénérale, Lubov Kotzeva, Director, Rothschild

How 21st Century Needs are Reshaping Hydropower ProjectsSpeaker: Simon Harrison, Business Development Director, Power,

Mott MacDonald

15 : 10 Networking Coffee Break in the Exhibition Lounge

1 5 : 4 0 Making the Correct Decisions During the Development ofCombined Cycle Gas Turbine (CCGT) Power Stations to Ensure

an Optimised SolutionSpeaker: Peter Ramm, Chief Operating Officer, Europe, Advanced

Power

Connecting the Sun, Solar Photovoltaics on the Road to Large-Scale Grid Integration

Speaker: Frauke Thies, Policy Director, European PhotovoltaicIndustry Association (EPIA)

1 6 : 4 0 Meeting the Challenge of Financing Pipeline InfrastructureSpeaker: Richard Clegg, Partner, Wolf Theiss

New International Standards for Solid Biomass – Development

1 7 : 1 0

1 7 : 4 0 Closing Plenary Session and Discussion

Chairman’s Closing Address

1 8 : 0 0 Forum Networking Dinner & Drinks in the Exhibition Lounge

Hydrogen: Part of the Renewable Energy Storage SolutionSpeakers & panelists: Peter Devlin, Fuel Cell Technologies Program, Washington D.C., U.S. Department of Energy, Elvin Yuzugullu, Senior

Clean Energy Analyst, SRA International, Filip Smeets, General Manager, Hydrogenics, Andreas Frommel, Manager of CommercialDevelopment, FuelCell Energy Solutions GmbH, Nikos Lymberopoulos, Associate Director, Projects and Development, International

Centre for Hydrogen Energy Technologies (UNIDO-ICHET)

Investment Opportunities and Challenges Given RecentDevelopments in PL RES & CHP/District Energy EfficiencyLawSpeaker / Panelists: Adam Pool, Chief Executive Officer,EuropeanInvestment & Partners, Jim Campion Partner EnerCap CapitalPartners

Speaker: Charles Whiddington, Partner, Field Fisher Waterhouse1 6:1 0 REMIT & Wholesale Pricing Manipulation

Speaker: Martin Englisch - OFI Technologie and Innovations GmbH

Panellists: Kim Keats, Executive Director - International Infrastructure Analysis, IPAEnergy + Water Economics, José Antonio López, Director - EquityResearch, HSBC, José Antonio Corchado, Director General,Ascia Ingenieria S.A

Speaker: Bart Geothals, Business Development Manager, Elia Group

for Torrefied and Upgraded Biomass

Electricity Storage and HydropowerSpeaker: Otto Pirker, Senior Advisor Verbund Hydropower AG&

Vice Chairman Working Group for Hydro - Eurelectric

Future Transmission Infrastructure Developments


EPG Main Conference Programme - Main Conference Day 1: Tuesday 4th December 2012 (Summarized)

08:50 Chairman’s Opening Address: André Jurres, CEO, NPG Energy

09:00

09:30

10:00

10:30

11:00

The 2012 World Energy Report & Recommendations for European Power Generators

Technological Perspectives Regarding Smart Power Generation within Europe’s Future Power Systems

The Future of Gas in European Power Generation –New European Gas-Price DynamicsSpeaker- Patrick Heather, Senior Research Fellow - The Oxford Institute for Energy StudiesThe Sceptical View - Why Decarbonisation Cannot Achieve its Desired Goals

Speaker: Franz-Josef Wodopia, Vice President, EURACOALCCS Developments and the Role of Coal Within the European Power Portfolio

Speaker: Geoffrey Morrison, Programme Manager, IEA Clean Coal Centre

11:30 Networking Coffee Break in the Exhibition Lounge

12:00

12:30

The Future of Nuclear Power in Europe & the Significance of German Energy Policy in the Region

Charting a Course for Europe's Energy TransitionSpeaker: Tony Ward, EMEIA Transaction Advisory Services Power & Utilities Leader, Ernst & Young

13:00 Lunch in the Exhibition Lounge

Portfolio Mix Optimisation in Order to Manage Demand &Supply Challenges

Operating Within the EU Regional & RegulatoryFramework & Regional Updates

14:00 Managing Demand and Supply Dynamics - Increasing Flexibility inthe North European Energy SystemSpeaker: Peter Markussen, Director of Strategy, Dong Energy

German-Austrian Electricity Market Developments & TrendsSpeaker: Bernd Westphal, Marktbeobachtung, Monitoring Energie,

Federal Network Agency (Germany)

14:30The Challenges & Possibilities Inherent in the Central and NorthernEuropean Renewables MarketSpeaker: Mark Porter, Director, Onshore Northern Europe. E.ON Climate &Renewables, E.ON

Modelling Power Generation Strategy in the Context ofRegulatory Compliance - Case study Latvia

Speakers: Edvins Karnitis, Public Utilities Commission of Latvia& Gaidis Klavs, Lead Researcher Institute of Physical Energetics


15:30

16:00

Making the Right Generation Investment Choices in the CurrentEnvironment

Speaker: David Viduna, Head of Longterm Origination, ČEZ

16:30

17:00 RES Integration Through Spot Organized Markets: Latest Products,Developments and Market Design Concepts in an Evolving EuropeanEnvironment

Power Projects and European Competition LawCharles Whiddington, Partner - EU and Regulatory Group, Field

Fisher Waterhouse

Challenges, Issues and Benefits of Regional European MarketCoupling

Speaker: Roland Matous, ECRB Electricity Expert, EnergyCommunity Secretariat

Speaker: Lars Jacobsson, Head of Strategic Planning and Development,Vattenfall Nordic

18:00 Networking Drinks Reception in the Exhibition Lounge Sponsored by Ernst & Young

speaker: Marco Baroni, Office of the Chief Economist, International Energy Agency

Speaker: Edward Nagelhout, Market Development Analyst, Wärtsilä Power Plants

Speaker: Niccolo Della Bianca, Anti-Trust Counsel, ENELREMIT: Infrastructural Challenges and Solutions

Speaker: Daniel Wragge, Head Political CommunicationsEuropeanEnergy Exchange AG

Elective Affinities? Regulation & Anti-Trust Intervention From the View of a Regulated Company

The Future Role of Thermal Plants in the Era ofRenewable EnergySpeaker: Michele Governatori, Director of Institutional & RegulatoryAffairs, Axpo Italia,

Speakers: Kim Keats, Director - International Infrastructure Analysis, IPA Energy + Water Economics

17:30 The Nordic Power Market - CaseStudy: Vattenfall Nordic Aspects of System StabilityFranz Bauer, Executive Managing Director, VGB PowerTeche.V.

Speakers/discussion Panelists: Spyros Vassos, CEO, AΔΜΗΕ (Independent Power Transmission Operator - Greece), Lars Jacobsson, Head ofStrategic Planning and Development,Vattenfall Nordic, Marco Baroni, Senior Energy Analyst, International Energy Agency, Peter

Markussen, Director & Head of Strategy, DONG Energy Power, Dr. Geoffrey Morrison, Programme Manager, IEA Clean Coal Centre, Dr.Franz-Josef Wodopia, Vice President, EURACOAL, Patrick Heather, Senior Research Fellow, The Oxford Institute for Energy Studies

Speaker: David Assaad, Head of European Market Integration, EPEXSPOT

Speaker: Michal Mravec, Strategy Analyst, CEZ a.s.

Gas Power Production - A Sleeping Beauty?


EPG Main Conference Programme - Main Conference Day 2: Wednesday 5th December 2012(Summarized)

09:00 Chairman’s Opening Address : Ben van Gils, Global Power & Utilities Sector Leader, Ernst & Young

09:05

09:35

10:05

10:35

11:05

Update on Anti-Trust Issues and New Developments Affecting Energy UtilitiesSpeaker: Monica Cunningham, Energy and Environment Unit, DG Competition, European Commission

Building South East Europe’s Future Energy Market -The Evolution of the Region’s Power Portfolio to 2020 and 2030

Speaker: Spyros Vassos, CEO, AΔΜΗΕ (Independent Power Transmission Operator - Greece)

Overcoming the Current and Future Challenges Facing the EU Power MarketSpeaker: Alan Svoboda, Executive Director, Sales & Trading, CEZ

Making Europe’s 104 Billion Euro Investment Need in Transmission Materialisespeakers/panelists: Spyros Vassos, CEO, AΔΜΗΕ (Independent Power Transmission Operator - Greece). Alan Svoboda, Executive Director, Sales

& Trading, CEZ, Peter Markussen, Director of Strategy, Dong Energy, Lubov Kotzeva, Director, Rothschild, José Antonio López, Director -Equity Research, HSBC, John Easton, Vice President, International Programs, Edison Electric Institute


12:00

12:30

Engaging Power Opportunities Within the UK and Belgian Energy Markets


14:00

14:30

15:00

15:30

The Smart City Implications for the Power Portfolio: Managing the Transition to a Smarter Power System in EuropeSpeaker: Martin Andersen, Head of Office, Kalundborg

Mitigating the Risks Within Current & Future Supply, Demand & Pricing Issues Within Europe’s Future Gas MarketSpeaker: Andras Jenei, Head of Energy Workshop/CFPA, Ministry of National Development – Hungary

Managing the Influence of Gas Grid Development and Gas Market Design on Gas Purchase for Power GenerationSpeaker: Dr. Michael Kehr, Head of Business Development, NET4GAS

Closing Plenary SessionShaping Europe’s Power Industry to 2020 & Summit Summary

Closing Keynote Discussion: Moderator: Ben van Gils, Global Power & Utilities Sector Leader, Ernst & Young+ attending summit session/industry leaders

16:00 Summit Ends

Key Developments in the American Power Market: Lessons for EuropeSpeaker: John Easton, Vice President, International Programs, Edison Electric Institute

Speakers: David Haverbeke, Partner, Energy & Utilities Practice, Regulatory Department, & Mauzima Bhamji, Senior Associate, Field Fisher Waterhouse


EPG Pre-Conference Power Project Financing and New Power Technologies ForumsMonday 3rd December 2012 (detailed session outlines where available)

12:00 Registration & Networking Lounge Opening

1 3 : 0 0 Chairman’s Opening Address – André Jurres, CEO, NPG EnergyOpening SessionProject Finance in a Depressed Economic Market

Speaker: Geoff Haley, Chairman, International Project Finance Association

POWER PROJECT FINANCING FORUM NEW POWER TECHNOLOGIES STREAM

1 3 : 4 0 Financing Renewables at a Time of Regulatory Change

Outline of key regulatory issues across Europe Outline of key debt and equity trends

Flexible Power Generation Enabling Wide Integration ofRES

1 4 : 1 0 Investing in the European Power Market - ManagingIncreasing Costs, Under Investment, Volatile RenewableSupport Mechanisms in Europe – Safe as Houses?

National governments guarantee feed-in-tariffs. But if they arebankrupt why should investors considered these investments safe andwhat does this mean for the achievement of climate change goals?

Foster Wheeler CFB Technology - Enabling FuelFlexibility for Power and CHP Generation with BroadRange of Fuels

Speaker: Markku Kostamo, Regional Vice President Sales andMarketing, Foster Wheeler Global Power Group

1 4 : 4 0 Financing New Major Baseload Power Generation Buildsin Europe Financing challenge for new coal gas and nuclear given current

political trends Financing sources and structures New financing trends European countries where nuclear still has a future Competitiveness, new entrants, government/EU policy implications

Panellists: Simon Scott, Director, Energy Project Finance, SociétéGénérale, Lubov Kotzeva, Director, Rothschild

How 21st Century Needs are Reshaping HydropowerProjectsSpeaker: Simon Harrison, Business Development Director, Power,Mott MacDonald

15 : 10 Networking Coffee Break in the Exhibition Lounge

- How to cut emissions, increase plant reliability and usage- Optimization of lignite combustion systems for reducing CO2 from

legacy coal-fired plants- Practical case study examples within Fortum Power and Heat

- Overview of modern combustion engine power plant technologyand typical applications

- Flexibility features of engine power plants including- Key system benefits of Smart Power generation- Customer insights from selected reference projects

- Progress made and global market review- Opportunities in 2013- Progress in the creation of infrastructure and green banks: help or hindrance?

Speaker: Arnaud Bouille,EMEIA Lead for Renewable CorporateFinanceErnst & Young

Speaker: Kenneth Engblom, Marketing DirectorWärtsilä PowerPlants

Panellists: Kim Keats, Head of International Infrastructure Analysis,IPA Energy + Water Economics, José Antonio López, Director -Equity Research, HSBC, José Antonio Corchado, Director General,Ascia Ingenieria S.A


1 5 : 4 0 Investment Opportunities and Challenges GivenRecent Developments in PL RES & CHP/DistrictEnergy Efficiency Law

Speaker / Panelists:

Adam Pool, Chief Executive Officer, European Investment &Partners

Making the Correct Decisions During the Developmentof Combined Cycle Gas Turbine (CCGT) Power Stationsto Ensure an Optimised Solution

Speaker: Peter Ramm, COO Europe, Advanced Power

1 6 : 1 0Large-Scale Grid IntegrationSpeaker: Frauke Thies, Policy Director, European PhotovoltaicIndustry Association (EPIA)

1 6 : 4 0 Meeting the Challenge of Financing Pipeline InfrastructureSpeaker: Richard Clegg, Partner, Wolf Theiss New International Standards for Solid Biomass –

Development for Torrefied and Upgraded Biomass

quality with respect to grindability, interaction with moisture andwater or leaching behaviour

Speaker: Martin Englisch - OFI Technologie and Innovations GmbH

1 7 : 1 0

1 7 : 4 0 Closing Plenary Session and Discussion

Hydrogen: Part of the Renewable Energy Storage Solutionspeakers & panelists: Peter Devlin, Fuel Cell Technologies Program, Washington D.C., U.S. Department of Energy, Elvin Yuzugullu, SeniorClean Energy Analyst, SRA International, Filip Smeets, General Manager, Hydrogenics, Andreas Frommel, Manager of CommercialDevelopment, FuelCell Energy Solutions GmbH, Nikos Lymberopoulos, Associate Director, Projects and Development, InternationalCentre for Hydrogen Energy Technologies (UNIDO-ICHET)

Chairman’s Closing Address: André Jurres, CEO, NPG Energy

1 8 : 0 0 Forum Networking Dinner & Drinks in the Exhibition Lounge

- The role of pump storage hydro power plants today and in thenear future

- New developements and and possibilities for new projects- Investments in Hydro Pump Storage- Today – no market model for new investment

- ISO 238 extends standardization to torrefied biomass- Dedicated standards enable a detailed description of torrefaction

- New techniques for solid biofuels are used to access processprinciples like NIR and TGA

-Scientific support provided by the EU funded project SECTOR

- Likely future design decisions on conventional CCGT powerstations due to increased renewable generation

- Understanding the options and decisions taken to optimise thevariable aspects of design (e.g. HRSG design, cooling technology)and operability of the plant

- Assessing the requirements and attributes associated with asuccessful project at early development stages

Jim Campion, Partner, EnerCap Capital Partners

Field Fisher Waterhouse

Facing the needs and finding ways to finance them New EU instruments and other incentives

Speaker: Otto Pirker, Senior Advisor Verbund Hydropower AG& Vice Chairman Working Group for Hydro - Eurelectric

Speaker: Charles Whiddington, Partner - EU and Regulatory Group,REMIT & Wholesale Pricing Manipulation Connecting the Sun, Solar Photovoltaics on the Road to

Future Transmission Infrastructure Developments Electricity Storage and Hydropower

Speaker: Bart Geothals, Business Development Manager Elia Group


EPG Main Conference Programme - Main Conference Day 1: Tuesday 4th December 2012 (detailed)

08:15 Registration Desk Open

08:50 Chairman’s Opening Address: André Jurres, CEO, NPG Energy

09:00The 2012 World Energy Report & Recommendations for European Power Generators

09:30 Technological Perspectives Regarding Smart Power Generation within Europe’s Future Power Systems Challenges in power systems with intermittent generation Overview of possible solutions for facing the challenges with discussion on the technological and economic feasibility Smart power generation in the low carbon power system Optimal share of flexible power generation in the low carbon power system Market framework developments - supporting the transition towards future power systems

10:00

10:30

11:00

The Evolution of Europe’s Power Generation PortfolioThe Future of Gas in European Power Generation –New European Gas-Price Dynamics The affordability of gas over the next 10-20 years Examining key current and future gas supply routes to Europe How Europe can replicate an American style boom in accessing shale gas reserves The role of gas for back-up power (CCGTs) and the time horizon and market effects of capacity payments The potential for gas to become the fuel of choice as the bridging solution for European powerOpening speaker- Patrick Heather, Senior Research Fellow, The Oxford Institute for Energy Studies

The Sceptical View - Why Decarbonisation Cannot Achieve its Desired Goals The power sector in Europe: The extent to which coal and renewables are compatible/incompatible Overcoming resistance against coal use through sustainability arguments Essential elements of a promising climate protection policy The role of coal in a sustainable European energy policy

Speaker: Franz-Josef Wodopia, Vice President, EURACOALCCS Developments and the Role of Coal Within the European Power Portfolio European low cost vs. low carbon electricity: policy vs the economic reality Reconciling the age of austerity’s electricity consumer with carbon-cost loaded energy prices The cost of retro-fitting and new-build generation: The strategic, financial and legal considerations Progress and economics of CCS Political energy landscape across Europe: where the use of coal is most tolerated and likely to increase

Speaker: Geoffrey Morrison, Programme Manager, IEA Clean Coal CentreSpeakers/discussion Panelists: Spyros Vassos, CEO, AΔΜΗΕ (Independent Power Transmission Operator - Greece), Lars Jacobsson, Head ofStrategic Planning and Development, Vattenfall Nordic, Marco Baroni, Office of the Chief Economist, International Energy Agency, RuneBjørnson, Senior Vice President, Natural Gas, Statoil*, Peter Markussen, Director & Head of Strategy, DONG Energy Power, Dr. GeoffreyMorrison, Programme Manager, IEA Clean Coal Centre, Dr. Franz-Josef Wodopia, Vice President, EURACOAL, Patrick Heather, SeniorResearch Fellow - The Oxford Institute for Energy Studies


Projections of global energy developments to 2035 Emerging challenges and opportunities in power markets Benefits and costs of subsidies for renewable electricity generation How energy efficiency can unleash huge gains for energy security, economic growth and the environment Reforms to support renewable energy investment How the 2 °C climate goal is becoming more difficult and more costly

Speaker: Marco Baroni, Senior Analyst, International Energy Agency

Speaker: Edward Nagelhout, Market Development Analyst, Wärtsilä Power Plants


12:00 The Future of Nuclear Power in Europe & the Significance of German Energy Policy in the Region

Speakers: Kim Keats, Head of International Infrastructure Analysis, IPA Energy + Water Economics

12:30 Charting a Course for Europe's Energy Transition

Speaker: Tony Ward, EMEIA Transaction Advisory Services Power & Utilities Leader, Ernst & Young


Portfolio Mix Optimisation Stream Operating Within the EU Regional & RegulatoryFramework & Regional Updates

14:00

Managing Demand and Supply Dynamics - IncreasingFlexibility in the North European Energy System

Speaker: Peter Markussen, Director of Strategy, Dong Energy

German-Austrian Electricity Market Developments andFuture Trends

Speaker: Bernd Westphal, Marktbeobachtung, Monitoring Energie,Federal Network Agency (Germany)

14:30 The Challenges & Possibilities Inherent in the Central andNorthern European Renewables Market

Speaker: Mark Porter, Director, Onshore Northern Europe. E.ON Climate &Renewables, E.ON

Modelling Power Generation Strategy in the Context ofRegulatory Compliance - Case study Latvia

Essential extension of NRAs’ functions caused a need formodelling electricity demand-supply scenarios;

Economically reasonable power balance of self-generation (usingvarious available primary resources) and import in 15-20 years(reference scenario);

Structural influence and cost effect of energy policy: Vis-à-vis energy efficiency activities Vis-à-vis security measures Vis-à-vis low-carbon generation & fuels

Speaker: Dr. Edvins KarnitisPublic Utilities Commission of Latvia

Dr. Gaidis Klavs, Lead Researcher Institute of Physical Energetics15:00 Networking Coffee Break in the Exhibition Lounge

15:30

16:00

Making the Right Generation Investment Choices in theCurrent Environment

Speaker: Michal Mravec, Strategy Analyst, CEZ a.s.

Gas Power Production - A Sleeping Beauty? Sleeping gas power plants What needs to happen to activate increased gas power production When should new gas power plants be built? Is Europe ready for a move to large scale power production from gas?"Speaker: David Viduna, Head of Longterm OriginationČEZ

REMIT: Infrastructural Challenges and Solutions The infrastructure that is needed in terms of reporting The necessary infrastructure required for the publication of

fundamental data Infrastructure requirement needed for the publication of insider

informationSpeaker: Daniel Wragge, Head Political CommunicationsEuropean Energy Exchange AG

16:30

Speaker:Michele Governatori, Director of Institutional and Regulatory AffairsAxpo Italia

Power Projects and European Competition LawSpeaker:Charles Whiddington, Partner - EU and Regulatory GroupField Fisher Waterhouse

- What are the most significant barriers to the realisation of Cornerstone EU energy policy targets (2020, 2030 and 2050)?- How can the wide array of stakeholders, including consumers, help address these barriers?- What can European Generators do to minimise the Risk associated with Europe's Energy Transition?

- The remaining scope for nuclear power to assume a role in achieving energy security and carbon reduction targets- German energy policy and the Fukishima fallout - lessons learned and the way forward for nuclear in Europe- Overview of Key operators such as RWE, British Energy, E.ON and EDF’s portfolio development strategy

Speaker: Niccolo Della Bianca, Anti-Trust Counsel, ENEL

Elective Affinities? Regulation & Anti-Trust Intervention From the View of a Regulated Company

The Future Role of Thermal Plants in the Eraof Renewable Energy


17:00 RES Integration Through Spot Organized Markets: LatestProducts, Developments and Market Design Concepts in anEvolving European Environment The dynamic growth of the 15mn intraday products we announced and

launched last year; Further perspectives of development for these products asked by the

trading community, regulators and TSOs; Take-off of the new RES scheme in Germany, with also interesting

impacts on our markets; Intense debate on the feasibility of extending one single market platform

of intraday trading in Europe Latest market developments

Challenges, Issues and Benefits of Regional EuropeanMarket Coupling Market coupling - moving towards the single European market The role that CEE will play in the move towards a single market Overcoming the challenges of cross-border trading - capacity

allocation and rights How to incentivise TSOs Interconnection between regions Flow-based versus ATC

Speaker: Lars Jacobsson, Head of Strategic Planning and Development,Vattenfall Nordic

Aspects of System Stability

18:00 Networking Drinks Reception in the Exhibition Lounge Sponsored by Ernst & Young

EPG Main Conference Programme Main Conference Day 2: Wednesday 5th December 2012(detailed)

09:00 Chairman’s Opening Address: Ben van Gils, Global Power & Utilities Sector Leader, Ernst & Young

09:05 EU Commission Update on Anti-Trust Issues and New Developments Affecting Energy UtilitiesSpeaker: Monica Cunningham, Energy and Environment Unit, DG Competition, European Commission

09:35 Building South East Europe’s Future Energy Market -The Evolution of the Region’s Power Portfolio to 2020 and 2030

in prospect, and in the light of current economic and financial constraints, and barriers of public acceptabilitySpeaker: Spyros Vassos, CEO, AΔΜΗΕ (Independent Power Transmission Operator - Greece)

10:05 Overcoming the Current and Future Challenges Facing the EU Power Market How power producers should approach building a sustainable portfolio over the long term given the increasing availability of cheap gas Taking a pragmatic look at nuclear Dealing with the Markets in Financial Instruments Directive and the damage it could inflict on power producers and the EU's internally liberalised

energy market How CEZ is looking to deal with the inherent risks in the market over the coming 5-10 yearsSpeaker: Alan Svoboda, Executive Director, Sales & Trading, CEZ

10:35 Key Developments in the American Power Market: Lessons for Europe

Speaker: John Easton, Vice President, International Programs, Edison Electric Institute

Given recent developments regarding competitiveness coal, gas and renewables along with new safety concerns regarding nuclear how is Europegoing to achieve its 2020 and 2030 objectives. This discussion panel will present the views of today's energy leaders of the role of each method ofpower generation and how to deploy them to resolve the challenges of reducing carbon emissions, financial constraints and securing Europe’sfuture energy supplies. Public Power Corporation S.A.‘s target portfolio structure The single European energy market - Trans European interconnectivity infrastructure and investment needs How long much longer can gas can be expected to act as the transition fuel of choice - the short-medium term solution outlook he evolution of the portfolio mix over the next 20 year and how the mix should be changing over time The role of renewables over the next 10 years The approach and achievability of the 2020 and 2030 emission targets given the status of energy technologies currently in use, development or

The current US power generation map by generation type Current conflicts between the EPA and environmental regulations that have made it very difficult to burn coal How abundant shale gas resources have transformed the US power market with currently pricing at ~$2.50 MMBTU The role of renewables and nuclear given the newfound abundance of shale gas developments US Government policy and its vision for the future

17:30 The Nordic Power Market -Case Study: Vattenfall Nordic

Speaker: Roland Matous, ECRB Electricity Expert, EnergyCommunity Secretariat

Speaker: David Assaad, Head of Market Integration & Coupling, EPEXSPOT

Speaker: Franz Bauer, Executive Managing Director,VGB PowerTech e.V.


11:05 Making Europe’s 104 Billion Euro Investment Need in Transmission MaterialiseAccording to the European Network of Transmission System Operators for Electricity it’s estimated that Europe needs to invest approximately 104billion euros in its extra high voltage power lines over the next 10 years to avoid bottlenecks, 80 percent of which are related to renewable sourcessuch as wind and solar power. This session will look at the current and future challenges that the European transmission system faces and discusswhere the required investment and technologies will come from. Problems posed by the blind-spots – Germany Vis a Vis Sweden & the Czech Republic’s failure risk Evaluating the available technologies - Are phase shifting transformers a good investment/solution – The Belgian experience Filling the investment need – what needs to be done to fill the massive infrastructure investment requirement.speakers/panelists: Spyros Vassos, CEO, AΔΜΗΕ (Independent Power Transmission Operator - Greece). Alan Svoboda, Executive Director, Sales& Trading, CEZ, Peter Markussen, Director of Strategy, Dong Energy, Lubov Kotzeva, Director, Rothschild, José Antonio López, Director -Equity Research, HSBC, John Easton, Vice President, International Programs, Edison Electric Institute

12:30

Engaging Power Opportunities Within the UK and Belgian Energy Markets


14:00 The Smart City Implications for the Power Portfolio: Managing the Transition to a Smarter Power System in EuropeSpeaker: Martin Andersen, Head of Office, Kalundborg

14:30 Mitigating the Risks Within Current & Future Supply, Demand & Pricing Issues Within Europe’s Future Gas Market European Natural Gas Supply Chain Forecast Until 2020 - Pipelines, & Interconnectors Unconventional gas (upstream-downstream) & its future role in Europe and the CEE region for power generation activities CEE, SEE, FSU and Caspian region energy policy & strategy formulationSpeaker: Andras Jenei, Head of Energy Workshop/CFPA, Ministry of National Development – Hungary

15:00 Managing the Influence of Gas Grid Development and Gas Market Design on Gas Purchase for Power Generation Key success factors for gas to power business (gas TSO view) Enabling functional and tightly connected gas markets Network development plan(s) including Projects of Common Interest (PCIs) Costs and appropriate tariffication of gas infrastructureSpeaker: Dr. Michael Kehr, Head of Business Development, NET4GAS

15:30 Closing Plenary SessionShaping Europe’s Power Industry to 2020 & Summit Summary Factors affecting Europe’s security of supply The EU Financial crisis - affordability becoming the new focus detracting away from climate change concerns The impact of new interconnectors and the evolution of a pan-European grid on the future price of electricity Is there a case for greater government intervention in energy markets, given the successes of state-driven measures in some emerging

markets, in encouraging low-carbon energy development? How security of suppy issues, the pace of new technology and energy pricing will ultimately affect European energy policy in the medium-long

termClosing Keynote Discussion: Moderator: Ben van Gils, Global Power & Utilities Sector Leader, Ernst & Young+ attending summit session/industry leaders

16:00 Summit Ends

“Excellent insights into future and financing of the PowerGeneration Industry”

Graham Weale, Chief Economist, RWE AG


12:00 Speakers: David Haverbeke, Partner, & Mauzima Bhamji, Senior Associate - Field Fisher Waterhouse


The Summit Venue

The 2012 European Power Generation Summit will take place at the renowned Four Seasons Hotel – Prague (Czech Republic).

Our aim is to ensure that all delegates are conveniently accommodated within the hotel venue so please ensure you book early to makeyour stay as convenient and productive as possible

Overlooking the Vltava river and only two minutes walk from the Old Town Square and its spectacular Christmas Market, the Four Seasonsis by far the best location in downtown Prague.

The hotel offers newly renovated guest rooms and suites, which feature every imaginable comfort. The spacious Health club & spa iscomplimentary to hotel guests and include swimming pool, sauna, Jacuzzi, gym and treatment facilities. A trip from anywhere in Europetakes no longer than a few hours by plane. That is why European cultural and commercial forces from North and South, East and Westmeet here.

- In order to make a reservation please contact the hotel directly referencing your attendance to the 2012 EPG Summit -

- Hotel Details - Remember to reference your attendance to the 2012 EPG Summit

Email : [email protected] | Telephone: +420 221 427 000 | Fax: +420 221 426 000Web: www.fourseasons.com/prague

Hotel Address: Veleslavínova 2a/1098, 110 00 Praha 1, Czech Republic

“Prague changes like a precious stone to reflect the weather, the time of day andthe season of the year.” Christian Norberg-Schulz

(1926– 28 March 2000) - Norwegian architect, architectural historian and theorist.

www.europeanpowergeneration.eu | For attendance or attendance enquiries please email [email protected] | or call: + 357 99 810 833

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Documents

Download the 2012 - The European Power Generation Strategy