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Investment,
Market Entry & Operation
IPA Energy + Water Economics advises its Clients on the purchase or sale of existing
assets and the market potential for building new capacity in generation,
transmission, interconnectors, distribution and storage. We assist in
analysing future prices and markets, analysing and mitigating risk, and
formulating agreements for power sales and fuel purchase.
Market
Entry
The strategy used by new entrants into liberalised energy markets is a
key factor in determining eventual success or failure of their project.
IPA deploys its extensive knowledge of operations of electricity and gas
markets around the world in support of its clients.
Market
Simulation and Price Projection
IPA's high-level modelling experience provides expertise in the development
and operation of market simulations, developing price forecasting systems
and price forecasts to a number of its clients as well as modelling a
number of electricity markets for specific projects.
Feasibility,
Due Diligence and Financial Modelling
IPA provides services in feasibility studies and due diligence, evaluating
contracts and market developments. IPA has extensive expertise in reviewing
contracts. Its market analysis and price forecasting capability is used
to support financial evaluations of proposed transactions. IPA maintains
a significant capability for financial and economic modelling.
Regulatory
Approvals
Regulation is a cornerstone of a truly competitive energy market. IPA
has worked extensively, setting up regulatory functions, writing detailed
regulatory procedures, drafting tariff methodology and price controls
and licenses. IPA uses this experience in support of its clients in securing
the regulatory approvals required to do business.
PPAs
and FSAs
Contracts for power and fuel are the cornerstones of energy markets. IPA’s
expertise in the evaluation of such contracts – often against projections
of future market prices is widely used both to evaluate a deal before
its conclusion and in disputes after a transaction has taken place.
Expert
Witness and Contract Disputes
IPA has acted as an expert witness on behalf of a number of clients within
the UK. This has drawn on our specialist expertise in energy trading,
market and price behaviour and the interpretation of PPA’s and FSA’s.
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Current
and Recent Experience in Investment, Market Entry & Operation
Scotland
- Renewables
IPA acts as Technical Adviser to a Client on the development of a Renewable
Energy Fund developing its portfolio of renewable energy assets, presenting
to investors and potential project owners.
East
Africa - Facilitation of Energy Investment
Working for KfW, IPA is providing expertise to facilitate broadened scale
geothermal energy investment along the African Rift by removing exploratory
and financial investment risks, designing appropriate financing and guarantee
mechanisms.
West
Africa - West Africa Gas Pipeline (WAGP)
IPA is conducting an independent Economic and Financial Assessment (EFA)
of the proposed WAGP system, to be used as a key document to secure potential
financial support in the form of partial risk guarantees and credits from
the International Development Association (IDA).
Spain
- Review of Electricity Market
IPA undertook a review of the Spanish electricity market for a private
sector energy company looking for opportunities to expand its operations
in Europe.
Italy
- Price Forecast
IPA was asked to assist JP Morgan in providing a forecast of the future
revenue of three generators in the Italian Market, to assist with the
pre-privatisation stage of the state utility ENEL.
Netherlands
As part of a due diligence exercise for a consortium of banks, supporting
a bid for a Dutch generator, IPA projected the price of power in the Netherlands
market.
UK
-Expert Witness
IPA is providing advice regarding quantification of loss and acting as
expert witness in litigation following a major plant failure at a UK power
station.
UK
- Litigation
IPA provided expert advice in preparation for litigation between two major
participants in the UK electricity market, disputing a pricing mechanism
for a Power Purchase Agreement.
UK
- Litigation - Electricity Sector Review
Since mid-2001, IPA has been advising a UK oil market player on the opportunities
within the electricity sector for a very large-scale off-shore wind generator,
reviewing the risks and opportunities to the project from the current
electricity markets, transmission arrangements and renewables obligations.
Cameroon
- Development of Gas Fired Power Project
IPA is working for Euroil on the development of a gas fired power project
which will provide an route to market for the country's off shore gas
reserves.
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