REFF-India is endorsed by the Indian Ministry of Non-Conventional Energy Sources

Organised by

Indias first international conference addressing renewable energy finance and investment
G

Examine active investment opportunities at the REFF-India Project and Investment Exchange Forum Receive a research report produced uniquely for REFF-India on the latest RE policy and investments

In association with

SAVE $200
Book by 20/10/06

Lead Wind Sponsor

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Hyatt Regency Delhi, New Delhi, 30 November 01 December 2006

EFF-India is dedicated to companies and investors aiming to capitalise on the additional 10,000MW of renewable energy capacity set as a 2012 target by the Government of India. India is rapidly emerging as a major new RE market and REFF-India will provide a unique update on the best investment strategies and targets as well as on the key uncertainties and most appropriate risk mitigation tools.

Unique benefits of attending REFF-India

A speaking faculty of over 20 CEOs from leading RE companies and 30+ senior level investment professionals will present their views A research report produced uniquely for REFF-India by Ernst & Young India, delivering a key knowledge base on latest RE policy, business environment and completed transactions Extended meeting opportunities including receptions and a networking breakfast

What is todays potential for Indias RE sector?

Wind: 45,000 MW Biomass: 19,500 MW Small Hydro: 15,000 MW Energy from Waste: 1,700 MW Biofuels/Ethanol: 3.6bn litres (recent 10% mandatory Blending Directive) Biodiesel: emerging market based on non-edible oils Rapidly expanding market for Carbon Credits Developing hub for RE manufacturing and offshore engineering Burgeoning market for off-grid Solar PV and solar thermal applications
Source: Ministry of Non-conventional Energy Sources, Annual Report 2004/05

Who will attend REFF-India?

investors financiers project developers renewable energy manufacturers utilities and independent power producers venture capitalists federal and state government officials

REFF-India and BASE Investment Forum

Euromoney Energy Events and the Basel Agency for Sustainable Energy (BASE) are offering RE entrepreneurs in India the unique opportunity to present their RE business to potential investors attending the REFF-India. This opportunity will only be open to registered attendees at REFF-India. Companies and project developers seeking commercial finance are invited to submit a project application by 24 October 2006. All applications will be examined by BASE and an Advisory Committee, and a select number will be given the opportunity to make a five-minute summary presentation at the BASE Investment Forum, which will be held as part of the REFF-India and will take place on Friday, 01 December at 11:10 and 14:00. The Advisory Committee will include members of the financial services community, venture capitalists, private equity investors and renewable energy experts. The names of the members of

the Advisory Committee will be made available on the REFF-India home page. RE entrepreneurs are asked to submit their proposals electronically via the home page www.reff-india.com and those project developers selected by BASE and the Advisory Committee to make a presentation will qualify for a 20% discount on their delegate fee for REFF-India. Information on the projects selected for presentation will be published and distributed to REFF-India attendees only. For more information or to submit a project for consideration please visit www.reff-india.com BASE aims to bridge the gap between sustainable energy enterprises, especially SMEs and the finance sector, to foster strategic partnerships for the purpose of increasing investment in clean energy options.

Organised by
Euromoney Energy Events produces a portfolio of market leading REFF events in London, New York, Beijing, Berlin and now New Delhi. The pioneering event, REFFLondon, was held in 1998 and now incorporates the Global Euromoney and Ernst & Young Renewable Energy Awards. EEE is a division of Euromoney Institutional Investor: www.euromoneyenergy.com

In association with
Changing attitudes and helping mainstream financiers to consider more sustainable energy investments are key components of the energy work within UNEP and the starting point for the UNEP Sustainable Energy Finance Initiative. SEFI is a platform for providing financiers with the tools, support and networks to drive financial innovation that improves the environmental performance of the energy mix: www.sefi.unep.org

conference programme
DAY ONE: THURSDAY, 30 NOVEMBER
07:30 08:50

START OF PARALLEL STREAMS These parallel streams will give delegates the opportunity to attend the focused sessions of their choice. On day one the streams are split by technology and on day two by finance type. SESSION 3A: PARALLEL STREAM - SOLAR PV
14:00-15.15 Chair:

Registration and coffee Opening Remarks Gerard Strahan, Managing Director, Euromoney Energy Events

Eric Usher, Head of Renewable Energy Finance, United Nations Environment Programme
SESSION 1: KEYNOTE POLICY SESSION
09:00-10:30 Chair:

Sven Hansen, COO, Good Energies

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Vilas Muttemwar, Minister of Non-conventional Energy Sources, Government of India

Investment opportunities and enabling policy framework: India Vilas Muttemwar, Minister of Non-conventional Energy Sources, Government of India Pakistan Air Marshal Shahid Hamid, Chairman, Pakistan Alternative Energy Development Board Industry requirements to accelerate growth Rakesh Bakshi, Managing Director, Vestas RRB India Ltd International perspective on investing in rural electrification Ernesto Macas, President, Alliance for Rural Electrification (Marketing and Corporate Affairs General Manager, Isofotn)
Chair:

Private equity investment opportunities Will India become a new solar PV manufacturing hub? Commercial opportunities and challenges in the Indian PV solar market

A K Vora, Managing Director, Tata BP Solar Deepak Puri, CMD, Moser Baer* P Suri, CEO, Microsol Power
SESSION 3B: PARALLEL STREAM - HYDRO 14:00-15:15

Anita Marangoly George, Chief Investment Officer (South Asia), IFC

Keynote Address: Scale of investment opportunity and enabling policy framework

A K Kutty, Joint Secretary Hydro, Ministry of Power

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10:30

Extended Networking Break SESSION 2: INVESTING NOW?

11:15-12.30

Outlook for capital market transactions. Are there more to come after Baspa II? Case study: project finance for small hydro

Chair:

Jayesh Desai, Director, Transaction Advisory Services, Ernst & Young India
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Ravi Jhunjhunwala, Chairman, LNJ Bhilwara Group P Supratim Sarkar, Group Head Project Finance Advisory & Structured Finance, SBI Capital Markets
15:15

Overview of most attractive investment propositions Perspective on costs, benefits and risks - renewable energies vs. nuclear, clean coal and large hydro Contribution of RE towards rural electrification and decentralised generation RE asset value and portfolio optimisation under key uncertainties fuel supply, transmission and legislation The right ecosystems to accelerate international and domestic investments

Networking Break

Sponsorship and Exhibition Opportunities at REFF-India

Your organisation can achieve real benefits from utilising the value of sponsorship to; Target potential clients Generate investor attention Highlight your achievements and services Reinforce your brand to the international community Launch products and services in new markets Our tailored sponsorship opportunities at this conference will provide an unprecedented opportunity to gain visibility and create an impact on our national and international delegates. To learn more about how to become involved and join the group of distinguished organisations who have already grasped this opportunity please contact: Tom Plinston, Sponsorship and Exhibition Manager, +44 (0)20 7779 8915; tplinston@euromoneyplc.com

Ka Keung Chan, Managing Director, CLP Renewables J P Chalasani, Director Business Development, Reliance Energy Ltd Bishal Thapa, Managing Director, ICF Consulting India
12:30

Networking Lunch

Outstanding opportunity to meet who's who in Renewable Energy

Quotes from previous REFF participants

The REFF presents excellent networking opportunities for developers / consultancies to make new contacts with the finance community

SESSION 4A: PARALLEL STREAM - WIND

16:00-17.45

Sponsored by:
Chair:

Rajesh Srivastava, Managing Director, Corporate Commercial Banking, Rabobank

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Trends in the Indian wind market: prevailing project structures and finance Is there a market opening up for independent project developers and international private equity investors? Securitisation, CDM, non-recourse-finance and leasing 2005/6 landmark deals Indias role in the global wind market Developing and financing diverse and large scale RE portfolios

DAY TWO: FRIDAY, 1 DECEMBER

07:30

Avinash Bapat, President, Enercon Financial Consultancy Mahesh Makhija, Roaring 40s Renewable Energy Pty Ltd Pedro Artigao, General Manager, Asia Pacific Area, Gamesa Eolica* Joachim Mller, CFO, Voltwerk AG
SESSION 4B: PARALLEL STREAM BIOMASS AND ENERGY FROM WASTE 16:00-17:45

Networking Breakfast Networking breakfast, with roving microphone delegates will have the opportunity to briefly introduce themselves to their fellow conference attendees to enable them to make additional business contacts at the conference. Opening Remarks Torsten Merkel, Conference Manager, Euromoney Energy Events SESSION 5A: PARALLEL STREAM PRIVATE, STRATEGIC AND PUBLIC EQUITY
09:05-10:35

08:55

Chair: Chair:

Mahesh Babu, CEO, IL & FS Ecosmart Ltd.

Keynote Address: Commercialising the Indian bioenergy sector

Harish Mehta, Director, SUZLON Group of Companies

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Debashish Majumdar, Managing Director, Indian Renewable Energy Development Agency

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Case study: Financing and developing a municipal waste to energy project in Mumbai Case study: Financing of industrial biomass and cogeneration Case study: Financing of rural biomass and biogas International investment perspective on EfW investments in the Indian market

Advantage of low cost production and engineering in India IPO pipeline How do international institutional investors allocate capital to this market? VC and Private Equity investors perspective on early stage technology investments Middle East investors perspective on RE markets in Pakistan and India

T Shivaraman, CEO, Shriram EPC Hari Sharan, Co-Chairman, Desi Jotdeep Singh, Head of Renewables and Carbon Credits, Rabobank Nicolo Dubini, Managing Director, Pirelli & C. Ambiente
17:45

Ajay Relan, Head, Citigroup Venture Capital International India Sanjeev Chaurasia, Vice President, Global Renewable Energy Effort, Credit Suisse First Boston Colleen Harkness, Managing Director, Global Growth, GE Energy Financial Services Shahab Q. Khokhar, Managing Director, Winsome Resources

Networking Evening Reception

* Invited

This is the premier conference in the renewables corporate finance arena; an absolute must for anyone involved in the industry.

An event that allows you to follow up with the latest renewable trends and where you find everyone that you need to meet.

SESSION 5B: PARALLEL STREAM SMALL SCALE RENEWABLE ENERGY FINANCING IN RURAL AREAS Organised and hosted by UNEP SEFI
09:05-10.30 Chair:

SESSION 7A: PARALLEL STREAM ETHANOL AND BIODIESEL

14:00-15.30

Andrea Valerio, Director Clean Fuels, Noble Europe

Keynote Address: Governments view on role of biofuels

Chair:

V. Subramanian, Secretary, Ministry of Non-conventional Energy Resources India

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Consumer financing uptake in the renewables sector Managing risks with small-scale renewables portfolios Innovation in rural service infrastructure approaches Energy policy environment for rural sector development

MS Srinivasan, Secretary, Ministry of Petroleum & Natural Gas

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Arvind Reddy, Program Office, Winrock International India Jyoti Painuly, Senior Energy Planner, UNEP Risoe Centre
10:35

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Networking Break SESSION 6A: PARALLEL STREAM PROJECT FINANCE

11:10-12.30

Where to invest in Indias biofuels sector How to overcome key market constraints such as environmental and social concerns, policy uncertainties, domestic feedstock availability, reliable off-take? Can ethanol meet a large portion of Indias transportation needs, and not affect local sugar supply? Prospects for the emerging biodiesel sector

Pramod Chaudhari, CEO, Praj Samir Somaiya, CEO, Somaiya Group

SESSION 7B: PARALLEL STREAM REFF-INDIA AND BASE INVESTMENT FORUM
14.00-15.30

Chair:

TN Thakur, Chairman and Managing Director, Power Trading Corporation

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CONTINUED

(Please refer to page 5)

15:30

Opportunities and constraints for non-recourse finance How to handle off taker risk, incomplete data availability, regulatory changes and other key uncertainties International project financiers risk appetite Role of private equity investments in projects

Networking Break

MK Sinha, Executive Director Business Development, IDFC Shane Bush, Global Head of Renewable Energy, Standard Chartered Pinaki Bhattacharyya, Director, New Energy Capital Corp.
SESSION 6B: PARALLEL STREAM REFF-INDIA AND BASE INVESTMENT FORUM
11:10-12:30

SESSION 8: INDIA AS A SOURCE OF CDM 16:00-17:30

Chair:

Sudipta Das, Partner, Ernst & Young India

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A selection of business proposals will be presented highlighting current investment opportunities in Renewable Energy in India. Please refer to Page 5 for more information.
12:30

Evaluating and maximising the performance of a CER portfolio CERs in renewable project finance the icing on the cakeand Additionality? Update on ETS and EU allowance price trends and risk adjusted pricing of CER Insuring Kyoto Protocol-related risk in carbon credit transaction

Networking Lunch
17:45

Josh Green, Principal, Carbon Markets, Climate Change Capital Sonia Medina, Head of Origination, Ecosecurities Chintan Shah, President, Senergy International Guy Turner, Director, New Carbon Finance
Closing Remarks Eric Usher, Head of Renewable Energy Finance, United Nations Environment Programme Torsten Merkel, Conference Manager, Euromoney Energy Events

www.reff-india.com
I was blown away with the calibre of attendees and speakers.

REFF-INDIA REGISTRATION FORM 30 NOVEMBER - 1 DECEMBER 2006

please quote this reference when booking your place

Brochure ref: UNEP Int'l

The easiest way to register is online at www.reff-india.com

Four other ways to register
Email: energyevents@euromoneyplc.com (quoting brochure ref:) Fax: +44 20 7779 8946 Telephone: +44 20 7779 8186 (quoting brochure ref:) Post: Euromoney Energy Events Ltd Nestor House, Playhouse Yard London EC4V 5EX, UK

EARLY BIRD FEE US$1399 (by 20 October 2006) - STANDARD FEE US$1599 (after 20 October 2006)
The conference fee includes: Attendance at all conference sessions, conference documentation, lunches, refreshments and receptions.
Delegates By 20 October After 20 October Discount

IT IS IMPORTANT TO FILL OUT ALL THE INFORMATION BELOW

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CANCELLATIONS Conference fee: All cancellations must be received in writing by 30 October 2006 for a full refund, less a 10% administration charge. We cannot accept verbal cancellations. Cancellations received after 30 October 2006 are liable for the full conference fee. However, substitutions can be sent to attend in your place at no extra charge. If owing to a force majeure, Euromoney Energy Events is obliged to postpone or cancel the event, Euromoney Energy Events will not be liable for any travel or accommodation expenses incurred by delegates or their organisations. Data protection: The information that you provide will be safeguarded by Euromoney Energy Events Ltd, a division of Euromoney Institutional Investor PLC group, whose subsidiaries may use it to keep you informed of relevant products and services. We occasionally allow reputable companies outside the Euromoney Institutional Investor PLC group to contact you with details of products that may be of interest to you. As an international group, we may transfer your data on a global basis for the purposes indicated above. If you object to contact by telephone I fax I or email I please tick the relevant box. If you do not want us to share your information with other reputable companies, please tick this box I.