Dr. Adjmal Sirak

Senior Consultant


Tel: +49 30 700 1506 17

Email: adjmal.sirak@nera.com
vCard: Download


PhD in economics, Johann Wolfgang Goethe-Universität Frankfurt am Main
MSc in economics, Johann Wolfgang Goethe-Universität Frankfurt am Main
BSc in economics, Ludwig-Maximilians Universität München


Dr. Adjmal Sirak is a Senior Consultant in NERA’s Energy Practice, based in Berlin. He works with clients from Germany and throughout Europe and the Middle East with a focus on the power, natural gas, hydrogen, and communication sectors. Dr. Sirak has provided advice to major companies in regulated network industries, energy trading firms, MNOs and MVNOs, regulatory authorities, and infrastructure investors on a wide range of topics such as arbitration support, tariff review, cost of capital estimation, market modelling, principles of incentive regulation, efficiency factor estimation, and service quality incentives.

Dr. Sirak has supported a major European logistics firm in estimating damages to its customers arising from alleged breaches of GDPR. He also supported a major European natural gas supplier in a price review arbitration, and he worked on real options-based methods to estimating cost of capital.



Title Type Author
Regulation of Electricity Interconnectors in the EU: Providing Efficient Investment I... Book By Tomas Haug, Dr. Adjmal Sirak
Understanding Modern Valuation Methods and the Value of Managerial Flexibility White Paper Dr. Fabrizio Hernández, Ralph Meghames, and Dr. Adjmal Sirak
Schadensermittlung für Bußgeld- und Schadenersatzverfahren nach DSGVO White Paper Dominik Hübler, Dr. Adjmal Sirak, and Philipp Hiemann
Blockchains in Power Markets: Decentralized Disruption or Incremental Innovation? White Paper By George Anstey, Dr. Will Taylor, Adjmal Sirak, et al.
Title Date
Noerr Digital Day 2022 19 May 2022