New challenges for power sector amid huge growth
Ageing infrastructure must be addressed in emerging markets
Marsh today announced the formation of a new Global Power Practice that harnesses all of its power expertise globally to better assist clients in managing the risks associated with infrastructure projects in emerging and developed economies around the world.
Philippe Du Four, leader of the power and utility sector of Marsh’s Infrastructure Practice in Asia, has been named to the additional position of chairman of the new practice. In this role, Mr. Du Four is responsible for delivering, on a consistent global basis, Marsh’s risk advisory and insurance placement strategies to power clients as they engage in power projects around the world.
“The power sector is undergoing tremendous change, growth, and expansion in both developed and emerging markets. Whether it is challenges associated with aging equipment, advanced technology, nuclear energy, or renewable energies, such as solar and geothermal, power companies face a number of growing risks, “ Mr. Du Four said. “Under a single-practice approach, Marsh is in a better position to deliver optimum solutions to its clients and also to developing countries that are seeking to bring a better quality of life to their citizens.”
Du Four, who will continue to be based in Singapore, has more than 15 years of experience in the power and insurance industry. Prior to joining Marsh in May 2008, he was the international risk manager for Suez Energy International.