AFRICA’s Energy Transition Workshop

OESAI presents:

AFRICA’s Energy Transition Workshop:

From Gas to Solar, Wind and Hydro Power projects  – Insights and Challenges in Dealing with Construction Insurance (CAR & EAR) and Performance Bond coverage aspects”

PROGRAMME HIGHLIGHTS:

The need for understanding Green Energy risks becomes more crucial as challenging exposures are being brought in by the industry. This is also known as Renewable Energy. There are various techniques and procedures in place relating to such green energy and the various African governments now encourage further such power initiatives. Solar power farms, for example, are fairly new in the region and more such developments are being planned. Meanwhile, the use of solar panels of residential building roof tops will also be explored. Hydro power projects are also quite popular in the continent.

CAR/ EAR Underwriters also need to appreciate the technical aspects of these risks to evaluate the exposure effectively.  Concerns on the planning, design, construction and operation phases of the Solar Farms, Wind and Hydro Power Plants are equally important to consider.

Meanwhile, Performance Bonds requirements are also normally incorporated in such developments projects and a few key features of this insurance product will also be addressed during this 3 day course by the two prominent technical facilitators – one from Africa and the other from Asia, bringing together some 70 over years of engineering insurance experience to share with the audience.

This exciting and interactive course intends to highlight and share those key features to help secure better risks for the Insurer and hence support the Client/ Brokers’ needs more effectively.

TARGET AUDIENCE:

Ideal for Underwriters, Claims personnel, Marketeers, Risk Engineers, Brokers, Reinsurers, Loss Adjusters etc with at least 2 years of work experience & involvement in engineering project insurances.

LEARNING OUTCOMES: 

At the end of the programme, participants would be able to:

1. understand the basic principles of risk management relating to green energy initiatives
2. highlight the typical features of the Power Purchase Agreement (PPA) relating to Utility companies in the region
3. identify good engineering practices  relating to wind/ solar/ hydro power projects and its ideal risk improvement recommendations
4. consider the values of risk survey and relate it to exposures of particular green power risk in relation to the CAR / EAR policies and project delay coverages
5. appreciate the technical coverage of the Performance Bond and its applications.

PROGRAMME OUTLINE:

Day  I – All about Green Projects and the need for Insurances

• Opening/ Introduction
• Market place and some power industry practice
• Stake-holders and respective roles
• Regulator, companies and other specialists
• PPA and its application
• Current projects and upcoming plans
• Planning for a project
  • Type of project – Towers, cable laying, buildings
  • Location exposure
  • Connection to existing electrical power grid (transmission & distribution)
  • Physical protection
  • Specification and suppliers
• Some concepts of the CAR/ EAR &  project delay coverage

Day II – CAR and EAR policies – how it works

• Construction – Typical contract requirements (FIDIC wording, letter of award)
• CAR Section I – Material Damage
• CAR Section II – Third Party Liability
• CAR Section III – ALOP/ DSU

Day III – Performance Bond and Case studies relating to green energy projects

• Other project requirements – Performance Bond
• Risk evaluation and assessment
• Maintenance work and insurance coverages
• Risk improvement measures
• Case studies relating to CAR, EAR and Performance Bond issues

Q & A