Modern Energy Management Adds to its Project Finance Team

Modern Energy Management (MEM), a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors, has appointed Jack Kneeland to the post of Head of Finance, and Supattana (Tina) Ngimhoung to Financial Controller. Both Jack and Tina will be based out of the firm's Bangkok office, working on wind energy development projects.

Jack joins MEM from AWR Lloyd, where he worked as a Managing Director for several years. He also acts as a partner for Clean Energy Advisors, which aims to create investment opportunities in the renewable energy sector.

Tina brings additional project finance expertise to MEM and will help to boost investor returns. She previously spent five years as a Senior Financial Advisory Manager at KPMG Thailand, and most recently worked as a Management Consultant for Access Energy.

"MEM is committed to delivering client success on all projects that it works on. Tina and Jack bring skills that will allow MEM to continue to support our clients and partners at the highest level as we grow,'' noted Aaron Daniels, Co-founder, Modern Energy Management.

When providing consultancy to renewable energy investors in emerging markets, MEM has, in recent years, accepted minor equity stakes in projects as partial payment for its services. By sharing risk with its clients for each project, MEM receives compensation for its consultancy only if the project is a success for the client. Jack and Tina will bring additional capacity to MEM for structuring this risk-based compensation.

Aaron Daniels continued; "Our attitude to risk and asset performance based compensation is unique in the industry. Our extensive experience delivering successful renewable energy projects in emerging markets in Asia, Latin America and Africa, and the innovative way we model challenges and understand risks, means we are very comfortable adopting this approach to working with clients. By partnering with our clients in risk management, we ensure our interests are fully aligned, and demonstrate we are as committed to success as they are. This approach is a cornerstone of our strategy to deliver world class energy projects for our clients."

Modern Energy Management | www.modernenergy.co.th