Transformations in the global power industry are sending waves of change over the energy landscape. Advancements in generation, delivery, and storage technology and new ways of managing power systems of various scales are opening up new opportunities for the development of both conventional and renewable energy. In addition to the basic elements of the power industry – generation, distribution, and consumption – the new element of storage is emerging, which is capable of re-formatting the system and transforming electricity from a service to a tradable commodity. The introduction of smart networks and digital substations, the development of customer services, and solutions for commercial accounting of bidirectional energy transactions for power-generating consumers are all not only driving a shift towards smart power systems, but also setting up serious changes in the global energy mix. How should Russia act, within the scope of its energy policy, to accommodate these trends? How can maintaining the competitiveness of conventional energy exports be smoothly combined with participating in the sector’s IT race? How can Russia become a global leader in providing technological solutions for the smart power industry of the future?
Moderator: Pavel Sorokin ,
Head, Analytical Center of the Energy Sector, Russian Energy Center of the Ministry of Energy of the Russian Federation
Pavel Sorokin
Head, Analytical Center of the Energy Sector, Russian Energy Center of the Ministry of Energy of the Russian Federation
During the last 3.5 years Pavel Sorokin worked for Morgan Stanley as the Russian Oil & Gas sector lead and Vice President. In 2014-2015 he was ranked one of the best oil & gas sector analysts in Russia and EMEA in Extel and Institutional Investor. Pavel also used to work at Alfa-bank and Unicredit investment banking divisions and had Senior Accountant experience covering Oil & Gas sector at Ernst & Yong.
At the moment Pavel heads Ministry of Energy’s “Energy Research Center” at the Russian Energy Agency which provides in-house research and advice to the Ministry of Energy.
Panellists: Adnan Z. Amin ,
Director-General, International Renewable Energy Agency (IRENA) Sergey Vakulenko ,
Head of Strategy and Innovations Department, Gazprom Neft Grigory Vygon ,
Managing Director, VYGON Consulting Daniel Yergin ,
Vice Chairman, IHS Markit Isabelle Kocher ,
Chief Executive Officer, ENGIE Ghislain Lescuyer ,
Chairman of the Management Board, Saft Pekka Lundmark ,
President, Chief Executive Officer, Fortum Corporation Viacheslav Pershukov ,
Deputy Director General – Director of the Innovation Complex, ROSATOM State Atomic Energy Corporation Maxim Sokov ,
Chief Executive Officer, En+ Group Alexei Texler ,
First Deputy Minister of Energy of the Russian Federation Anatoliy Chubais ,
Chairman of the Executive Board, RUSNANO Corporation
Adnan Z. Amin
Director-General, International Renewable Energy Agency (IRENA)
Adnan Z. Amin is the Director-General of the International Renewable Energy Agency (IRENA), currently serving his second term. He was elected as the Agency’s first Director-General in 2011. During his tenure, IRENA has grown to 150 Member States and has become the global authority on renewable energy. The agency today provides the world community with a strong international cooperation framework to accelerate the sustainable energy transformation, as a major pathway to fostering sustainable development and one of the most important solutions to climate change.
Mr. Amin has over 25 years of experience in international environment and sustainable development policy, as well as in the political, management, and interagency coordination functions of the United Nations (UN). Mr. Amin has held senior positions in the UN, including as Head of the UN System Chief Executives Board for Coordination Secretariat, Director of the New York Office of the United Nations Environment Programme, and Executive Director of the Secretariat of the Secretary-General’s High-Level Panel on UN System-wide Coherence. He is currently a member of the UN Secretary-General’s High-Level Group on Sustainable Energy for All.
Mr. Amin is a development economist specializing in sustainable development. He is a national of Kenya.
Sergey Vakulenko
Head of Strategy and Innovations Department, Gazprom Neft
Mr. Vakulenko is the Head of Strategy and Innovations at Gazprom-Neft. Before joining GPN, he led IHS CERA consulting practice in Russia as a Managing Director, leading, among others, Russian oil sector tax reform project and developing the General Scheme for the Russian oil sector to 2020. Before joining IHS CERA, Mr Vakulenko worked in Shell in a number of commercial and economics roles. Mr. Vakulenko graduated from the Moscow Institute of Physics and Technology and from The Fletcher School of Law and Diplomacy (Tufts and Harvard universities).
Grigory Vygon
Managing Director, VYGON Consulting
Grigory has brought more than 19 years of operational experience in oil and gas sector. In January 2015, he established VYGON Consulting company, which is entirely based on providing strategic consulting for industrial entities, analytical support for the public authorities, conducting research in the energy sector.
From 2011 to 2014, Grigory was the director of Energy Center in Moscow School of Management SKOLKOVO. In 2008, before the foundation of the Centre, he headed the Department of Economy and Finance in the Ministry of Natural Resources and Environment of the Russian Federation, where he was engaged in various issues, including economic incentivizing of oil and gas sector.
In 2006-2008, he was the chief economist in TNK-BP, being responsible for strategic planning and analytical support to interact with public authorities. Before joining TNK-BP, he worked as an independent consultant and director in the Corporate Finance Department of the Institute of Financial Studies.
In 1996, Grigory graduated from the Moscow Institute of Physics and Technology, in 2000 – received a PhD degree in the Central Economics and Mathematics Institute of RAS.
The key field of interest – oil and gas industry strategy and economic development, improvement of state regulation in terms of taxation and subsoil management. During the past 10 years, he has been actively involved in elaboration of strategic sectoral documents and regulations on economic stimulation of Russian oil and gas sector.
Daniel Yergin
Vice Chairman, IHS Markit
Daniel Yergin is a highly respected authority on energy, international politics, and economics. He is Vice Chairman of IHS, one of the world’s leading research and advisory firms, and Founder of IHS Cambridge Energy Research Associates.
Dr. Yergin is the Pulitzer Prize-winner for The Prize: the Epic Quest for Oil Money and Power, which has been translated into 20 languages. He is the author of the new bestseller The Quest: Energy, Security, and the Remaking of the Modern World.
In 2014, the Prime Minister of India presented Dr. Yergin with “Lifetime Achievement Award” and the U.S. Department of Energy awarded him the first “James Schlesinger Medal for Energy Security.” In 2015, the University of Pennsylvania presented him with the first Carnot Prize for “distinguished contributions to energy policy.” Dr. Yergin was awarded the United States Energy Award for “lifelong achievements in energy and the promotion of international understanding.”
Dr. Yergin is a director of the Council on Foreign Relations and a trustee of the Brookings Institution. He is a member of the National Petroleum Council, and on the advisory boards of the Massachusetts Institute of Technology Energy Initiative and Singapore’s International Energy Advisory Board. He is a “Wise Man” of the International Gas Union and became an Adjunct Professor at the China University of Petroleum in Beijing.
Isabelle Kocher
Chief Executive Officer, ENGIE
Nationality:French. Born December 9, 1966.
Education:
Isabelle Kocher is a graduate from Ecole Normale Supérieure, she holds a Postgraduate Certificate in Physics.
Isabelle Kocher is a graduate from the Corps des Mines Engineering School.
Professional career:
2016: Chief Executive Officer of ENGIE.
2014 : Chief Operating Officer of ENGIE.
2011: Executive Vice-President and Chief Financial Officer of GDF SUEZ.
2007: Chief Operating Officer of Lyonnaise des Eaux (subsidiary of Suez Environnement) before becoming Managing Director of Lyonnaise des Eaux, as well as Executive Vice President in charge of the development of water activities in Europe within Suez Environnement.
2005: Senior Vice President in charge of Performance and Organization programs of SUEZ.
2002: Strategic and development department of SUEZ.
1999: Industrial Affairs Advisor to the Prime Minister of France.
1997: Manager of the postal and telecommunication budgets, followed by the defense budget at the French Budget Department.
1992 : Mergers and acquisitions Department of the Compagnie Financière de Rothschild before becoming Director of the industrial inspection department at the Ile-de-France regional department of industry, research and environment division.
1991-1997: Project Manager for the reorganisation of production workshops within the Société Européenne de Propulsion.
Other memberships and offices held:
Vice President of Electrabel (Belgique)
Director of ENGIE, SUEZ Environnement Company, ENGIE Corporate Foundation(France) and International Power (United Kingdom). Director AXA Group
Ghislain Lescuyer
Chairman of the Management Board, Saft
Ghislain Lescuyer was appointed CEO of Saft in March 2015. Prior to that, he was member of the Saft Supervisory Board and President of the Board Strategic Committee.
Aged 59, he holds an engineering degree from Télécom ParisTech and an MBA from INSEAD.
He joined Saft from Alstom, where he was Senior Vice-President of Strategy & Development and Chief Information Officer for the Alstom Group and prior to that Executive Vice-President of the Grid Products Business of Alstom/Areva T&D.
From 2003 to 2007, he was Senior Executive Vice-President of Thomson Multimedia and President of the Systems and Equipment Division based in Los Angeles, California. Prior to that, he held various general management positions including Managing Director of Europ@web and Chairman of Bull Services, and between 1989 and 1994 was a management consultant at McKinsey & Company.
President and CEO as of 7 September 2015
Born 1963, nationality: Finnish
MSc (Eng.)
Member of the Management Team as of 7 September 2015
Employed by Fortum since 2015.
Previous positions:
Konecranes Plc, President and CEO, 2005–2015;
Konecranes Plc, Group Executive Vice President, 2004–2005;
Hackmann Oyj Abp, President and CEO, 2002–2004;
Startupfactory Oy, Managing Partner, 2000–2002;
Nokia Corporation, various executive positions, 1990–2000;
Key positions of trust: East Office of Finnish Industries, Member of the Board. Fortum Foundation, Chairman of the Board.
Viacheslav Pershukov
Deputy Director General – Director of the Innovation Complex, ROSATOM State Atomic Energy Corporation
Viacheslav Pershukov was born in 1958 in Magnitka, Chelyabinsk Region. He graduated from Moscow State University with a degree in Mechanics and holds a post-doctoral degree in Applied Science. He is a Professor and Academician in the Russian Academy of Natural Sciences. Much of his career was spent holding engineering positions at the Krzhizhanovsky Energy Institute and managerial positions in private companies. In 2005–2008, Mr Pershukov served as Technical Director at West Siberian Resources before moving to CH Oil & Gas as Chief Executive. In April 2011 he joined ROSATOM as First Deputy Director of the R&D Directorate and then as Deputy Director General for Research and Development. Since June 2011, Mr Pershukov has worked as Deputy Director General for Innovation Management at ROSATOM.
Maxim Sokov
Chief Executive Officer, En+ Group
Mr. Maxim Sokov joined En+ Group as first deputy CEO in July 2013. Mr. Sokov is in charge of managing En+ investment portfolio, creating partnerships to develop Group’s investment projects as well as overseeing the development and introduction of cost reduction programs and production system in the Group’s companies.
In 2004–2013 Mr. Sokov served as Director for Strategic Investments Management, Director for Corporate Strategy, Director for Management of Investment to Norilsk Nickel, Head of the Department for Strategic Projects, Head of the Department of Mergers and Acquisitions at UC RUSAL.
In 2002–2004 Mr. Sokov worked as a lawyer for the Moscow Representative Office of Herbert Smith CIS Legal Services.
Maxim Sokov graduated with honors from the Russian State Tax Academy under the Russian Ministry of Taxes, majoring in Law. He also holds a Master's degree from New York University School of Law.
Alexei Texler
First Deputy Minister of Energy of the Russian Federation
In 1995 he graduated with honours from Norilsk State Industrial Institute with a degree in Economics and Management in the Metals Industry as a planning engineer.
From 1990 through 2007 he held various positions in JSC Zavenyagin Norilsk Mining and Metallurgical Plant and OJSC MMC Norilsk Nickel, where he started working as a specialist and eventually became the General Director of LLC Norilsk Support Complex, a subsidiary of OJSC MMC Norilsk Nickel.
From 2008 through 2009 he served as the Head of Administration of Norilsk.
From 2009 through 2011 he was the General Director of JSC Mining and Metallurgical Complex Kazakhaltyn.
From 2011 through 2013 Mr. Teksler worked as the Managing Director and Head of CJSC Polyus Gold Mining Company;
From 2013 through 2014 he held the position of Deputy Minister of Energy of the Russian Federation;
Since November 2014 he has held the post of First Deputy Minister of Energy of the Russian Federation.
Anatoliy Chubais
Chairman of the Executive Board, RUSNANO Corporation
In January 2014, Anatoliy Chubais was appointed Chairman of the Executive Board of RUSNANO Managing Company LLC, which was set up within the scope of the OJSC RUSNANO Strategy up to 2020 envisaging division of management functions and possession of company assets. Since September 2008, Anatoly Chubais has headed state corporation Russian Corporation of Nanotechnologies and, since it was transformed into an open joint-stock company in March 2011, had held the position of Chairman of the Executive Board of OAO RUSNANO.
From 1998 to 2008, Anatoly Chubais headed up RAO UES of Russia. From 1997 through 1998 he was First Deputy Prime Minister and Minister of Finance of the Russian Federation and from 1996 through 1997 Chief of Staff of the Russian Presidential Executive Office. From 1992 to 1996 he was Deputy Prime Minister and then First Deputy Prime Minister of the Russian Federation for economics and financial policy. From 1995 to 1996, Anatoly Chubais was the Russian Federation manager in the World Bank and the International Monetary Fund. 1991–1994 saw him as Chairman of the State Committee of the Russian Federation for management of state property, when he authored and co-ordinated the Russian privatisation programme. Earlier, in 1990–1991, he was Vice-Chairman and then First Vice-Chairman of the Leningrad Soviet executive committee.
Front row participants: Irina Gaida ,
Partner, Managing Director, The Boston Consulting Group Oleg Dubnov ,
Vice President, Executive Director, Cluster of Energy Efficient Technologies, Skolkovo Foundation Deepak Loomba ,
Managing Director,
AICORPS EPL (Artificial Intelligence Corps EPL) Stephan Solzhenitsyn ,
Senior Partner, McKinsey & Company Peter Stewart ,
Chief Energy Analyst, Interfax Global Energy
Irina Gaida
Partner, Managing Director, The Boston Consulting Group
Irina Gaida joined BCG in 2005. She is the leader of the Energy practice group in BCG CIS. Irina works on a variety of issues, including organizational issues, operational efficiency improvements, and growth, as well as market entry strategies and due diligence/PMI support. Her client portfolio includes Russian VIOCs and major international companies working in Russia. As a member of the global Energy practice group, Irina is closely involved in several global studies on topics such as BRIC markets fuel retailing and gas market developments.
Prior to BCG Irina worked as a strategy consultant on various projects for industrial goods, FMCG, health care, and financial services companies in Europe and former CIS countries. She also worked as an operational and financial auditor for United Technologies Corporation in London and Hartford, CT, and as an audit consultant at PricewaterhouseCoopers in St. Petersburg.
Irina earned her MBA degree at Harvard Business School in 2003. She also holds an MSc degree in economics from the St. Petersburg State University, specializing in operations research. Irina has ACCA diploma in auditing and accounting and is a certified Russian Statutory Auditor.
Oleg Dubnov
Vice President, Executive Director, Cluster of Energy Efficient Technologies, Skolkovo Foundation
Member of the Board of Directors at ROSSETI, PJSC. Earlier, in 2011-2015 – Director for Power Engineering in Polyus Gold, responsible for power supply of upstream assets and power asset management in the company. In 2008-2010 – Advisor of Chairman of the Board in RusHydro, JSC. Earlier – Director General in Far Eastern Energy Management Company, JSC (sole executive body of Kamchatskenergo JSC and JSC Geoterm JSC) and Executive Director of RAO UES of Russia – engaged in projects focused on power engineering restructuring and long-term programs for the Far East electric power systems development.
Graduated from the Vologda Railway College with a degree in Power supply, A.S. Griboedov Institute of International Law and Economics majoring in Legal Studies, and the International Institute of Fuel and Energy Complex by MGIMO University of the Russian Federation Ministry of Foreign Affairs with the qualification in World Economy with English language skills.
Oleg was awarded the Gratitude of Chairman of the Board of RAO UES of Russia, and in June 2008 was granted a title of Honoured Employee of the Unified Energy System of Russia.
Deepak Loomba
Managing Director,
AICORPS EPL (Artificial Intelligence Corps EPL)
An innovator, Deepak Loomba has a no. of intellectual Property Rights (>35) to his credit in area of vacuum technologies, solid state sciences, IT, and geothermal cooling, most realized into products or operational businesses. A serial technopreneur, he has successfully promoted companies & businesses in Germany, Switzerland, Russia and India.
Promoted by Deepak Loomba is AICorps EPL (Artificial Intelligence Corps Enterprises Private Limited), which is pioneering in two distinct fields - in the area of artificial intelligence based healthcare solutions and area of transaction recording including but not limited to electronic payments.
Deepak Loomba is also the Chairman of De Core Trans Technologies Ltd. The group has electronics manufacturing in Noida SEZ and a green field compound semiconductor plant (Gallium Nitride) in Gandhinagar (India).
In Russia, Deepak Loomba has co-promoted Russia’s first Energy Efficiency Fund titled Eastern Energy Efficiency Fund, which is intending to invest in the Energy Efficiency Sector of Municipal and commercial bodies.
Deepak Loomba is also an avid blogger and an accomplished author with a widely acclaimed book “Transformers”. Deepak is the only foreign (Indian) writer to write and publish in Russian Language.
Deepak Loomba is a pro-bono weekly adviser to HAQ Centre for Child Rights, New Delhi which works towards direct support to families & victims of child abuse as well as advocates for protection of child rights.
Deepak Loomba also advises and supports on weekly basis Socioknot Foundation, an organization that is impregnating non-governmental organizations and social enterprises with social enterprise management systems for better accountability towards the charity contributors.
Stephan Solzhenitsyn
Senior Partner, McKinsey & Company
Joined McKinsey in 2004. Focuses on strategy development and operational implementation for electric power as well as heating companies, with projects in generation, grids and retailing. Consults energy companies and regulators on structural transformations in the Russian utility sector. Leads McKinsey Electric Power Practice in Russia and CIS, and McKinsey’s work in nuclear power globally.
Before returning to his native Russia, Stephan Solzhenitsyn led environmental permitting for electric power projects in the United States.
Holds a Master of City Planning (MCP) degree from the Massachusetts Institute of Technology and a bachelor’s degree from Harvard, and is an expert in urban planning.
Peter Stewart
Chief Energy Analyst, Interfax Global Energy
Peter has been a frequent speaker at energy industry conferences for the last decade. He is currently the Chief Energy Analyst at Interfax Global Energy Services, and managing editor of the monthly Gas Analytica, a new publication that provides expert insight into Gas markets fundamentals and short- and medium-term price forecasts. Before Interfax, he worked for 5 years as Principal Consultant at KBC Energy Economics, where he was chief economist and led the group’s market analysis team. He is also involved in econometric research at Surrey University on the subject of oil and gas pricing benchmarks, building on his 20 years of experience with the Price Reporting Agency (PRA) Platts. He worked at Platts in a number of different roles, including Director of Markets and Pricing, in which role he was responsible for Platts global assessment processes for all commodities. Peter is a frequent speaker at oil and energy industry conferences on all aspects of the oil and gas value chain, as well as emerging markets such as bio-fuels. He has spoken and chaired discussion sessions at conferences in Europe, Middle East, Russia and Asia for companies such as Euromoney, Oil Council, SMi, Platts, Informa, Lloyds List and others. He has also contributed to discussion on radio and TV programs on energy issues, and provided training on energy pricing to government departments, academic institutions and many large companies. His specialisms include: oil and gas supply-demand fundamentals and trade; oil refining; oil and gas pricing; new fuels technology; technical and econometric analysis of markets; and the role and practices of the PRAs. Book-length publications: Korea: The Next Step (Euromoney Books, 1994); Pakistan: Meeting the Challenge (Euromoney Books, 1995); Spectrum Guide to the UAE (Camerapix, 1996) Research articles: Oil Benchmarks in International Trade issue of Oxford Energy Forum with Bassam Fattouh (Oxford Institute of Energy Studies, February 2012); BFO assessment methodology (OIES, 2003); contributor to Old Oil, New Rules (Platts/McGraw-Hill, 2000); Benchmark Pricing (DRI/PAC, 2000); Asian Oil Pricing Mechanisms (Platts, 1993).
Broadcast
Key moments
Oil will remain relevant for quite a long time in this more complex and diversified power system.
Sergey Vakulenko
Head of Strategy and Innovations Department, Gazprom Neft
We are seeing intellectualization and digitalization of the energy industry; we can see how smart wells, fields and mines actually reduce costs.
Alexei Texler
First Deputy Minister of Energy of the Russian Federation
After some time, when the share of alternative energy in overall generation becomes big enough, the question as to how the market should be regulated will become relevant.
Grigory Vygon
Managing Director, VYGON Consulting
We will see how, in a few years, blockchain will remove sales companies and other intermediaries from our lives. All transactions will happen directly and automatically between the customer and the supplier.
Alexei Texler
First Deputy Minister of Energy of the Russian Federation
Energy batteries and everything relating to renewable energy will actually shift the balance not just in the power grid, but in the energy industry in general.
Alexei Texler
First Deputy Minister of Energy of the Russian Federation
We will definitely arrive at a point when alternative energy production becomes cheaper than conventional.
Anatoly Chubais
Chief Executive Officer and Chairman of the Executive Board, RUSNANO Corporation
Solar power generation as a national Russian startup has commenced successfully. I think that, by the end of the year, it will become perfectly clear that the same has happened to wind power generation.
Anatoly Chubais
Chief Executive Officer and Chairman of the Executive Board, RUSNANO Corporation
Industrial energy storage is a complete paradigm shift. We believe it isn’t a question for the year 3000, nor even 2050, but for the next decade.
Anatoly Chubais
Chief Executive Officer and Chairman of the Executive Board, RUSNANO Corporation
The more intelligence we put in the system, the more big data analytics we have. That is clearly the way forward… And therefore there is less and less need for subsidies in many areas.
