Baku:A panel discussion on risk management and insurance mechanisms for the Green Energy Corridor was held at the Caspian-Black Sea-Europe Green Energy Corridor Forum in Baku. The event was aimed at addressing the challenges and solutions related to project risks, insurance, and bankability in large-scale energy infrastructure projects.
According to Azerbaijan State News Agency, the discussion was moderated by Stuart Broad, Senior Vice President of Power and Energy at Marsh McLennan. It featured prominent speakers including Matthew Bryza, Managing Director of Straife; Taleh Yunsurov, Deputy Chairman of the Management Board of Gala Insurance; Nijat Rasulov, Chief Risk Officer and Board Member of PASHA Insurance; and Irsen Pak, Associate Director at KPMG.
The panelists discussed potential risks associated with implementing large-scale cross-border energy infrastructure projects. They focused on how these risks could be allocated among project participants, the role of insurance solutions, and the requirements set by international creditors.
Speakers at the event highlighted the crucial role of effective risk management and adequate insurance coverage in securing future financing for the corridor. They emphasized that these elements are essential for supporting investment decisions and ensuring the success of the Green Energy Corridor initiative.