Power Africa has more than $54 billion of commitments from its more than 140 private sector partners to achieve its goals.
Access Power (Access) is a developer, owner and operator of power plants in emerging and frontier markets. Access today is one of the fastest growing independent power producers in emerging markets and is currently developing renewable energy projects worth over US$1 billion in 20 countries across Africa and Asia, including Egypt, Mali, Nigeria, Zambia and Malawi. In late 2016, Access commissioned East Africa's largest solar power plant, in Soroti, Uganda. That facility is today providing clean energy for 40,000 homes, schools and small businesses. Our firm's mid-size modular projects can be readily integrated into the existing grid, providing power for the populations of fast growing, energy-poor markets. Our development team has a depth of experience in developing and building large portfolios of renewable energy projects, with a collective track record of financially closing 30 GW of power projects across the globe.
Actis is a leading independent fund manager focused exclusively on investing in growth markets (Africa, Latin America, South East Asia, India and China). Actis has a strong track record of investing in power generation and distribution in sub-Saharan Africa and has a pipeline of projects and investments across the continent. Actis supports the Power Africa initiative by investing $1.3 BN in power projects or companies and supporting 4 million new connections in sub-Saharan Africa by 2024.
Begin construction of two projects by the end of 2014, the Kinangop Project, a 61 MW wind farm in Kenya and a 100 MW wind farm in Tanzania. Both projects represent an investment of $450 million.
Expand its activities to three additional Power Africa countries, focusing on wind, solar, geothermal and natural gas.
Undertaking an effort to structure, market, establish and manage a $250 million pension-backed renewable energy fund focused on funding market-based development of small- to medium-scale renewable energy ventures in East Africa.
Committing $2 million worth of professional and technical expertise towards surveying addressable markets, conducting requisite studies and the pursuant technical analysis to incisively inform the development of a comprehensive Information Memorandum which is to be pitched to target investors, with a principal focus on local pension funds as anchor partners.
To advance the Power Africa goal of providing access to clean, reliable energy across Africa, AFC seeks to complete the Cenpower (Kpone) project - a 340 MW thermal closed cycle power plant in Ghana - and finance a 30MW geothermal power project in Kenya.
In Nigeria, AFC seeks to provide approximately US$200 million of financing to support the privatization of the Nigerian electricity sector.
Through its involvement in the program, AFC aims to catalyze over a US$1billion in investment for energy projects in the Power Africa Countries over the next five years in terms of total project cost and co-investment opportunities. This will potentially increase access to electricity to 360 million users in these countries.
AFC aims to provide the Power Africa Countries with access to financial, deal structuring and sector technical expertise as well as advisory services, project development capacity, and funding.
Invest directly in energy projects: To advance the Power Africa goal of providing access to clean, reliable energy in Nigeria and Kenya, AIIM seeks to complete the Azura Gas Power Project - a 450 MW plant in Edo State, Nigeria, the Kinangop Wind Farm, a 60.8 MW wind power project outside of Nairobi, Kenya, and a potential gas power plant in Ghana representing a total investment of $170 million leveraging about $1.2 billion for all three projects.
Channel local pension capital into infrastructure projects: With the possible support of US government guarantees, AIIM aims to catalyze $70 million of Nigerian Pension Fund capital into an infrastructure fund, the Nigerian Infrastructure Investment Fund 1, which will invest in infrastructure projects predominantly in Nigeria (75%) and other West African countries (25%). AIIM will leverage this with an additional $30 million from development finance institutions. AIIM will consequently raise NIIF2 a few years after that, aiming to catalyze $200 million of local Nigerian pension fund Capital and $100 million of DFI capital.
African Power Corporation (APC) is an investment holding company that is dedicated to the long-term growth of Africa's power sector. We invest in and help grow companies that are involved in the development, ownership and operation of energy supply, power generation, transmission and distribution systems across Africa.
Our approach involves using the international capital markets to bridge an important gap in the funding of the sector over the next twenty years and beyond. APC is also committed to supporting the growth of Africa's capital markets and will actively support the listing of Africa's power companies on its domestic and regional stock exchanges.
Over the next five years, as part of its commitment to the Power Africa initiative, APC intends to participate in the development of over 500MW of power projects, predominantly in Power Africa countries.
To advance the Power Africa initiative in sub-Saharan Africa, Aldwych has worked on the development and construction of the 310MW Lake Turkana wind farm in Kenya, the 450MW Azura-Edo power project in Nigeria and the 200MW Amandi dual-fuel power plant in Ghana, a total investment of some $2 billion. The plants will be commissioned in 2018 and 2019.
APR Energy is a global leader in large-scale, fast-track power solutions, providing customers with rapid access to reliable electricity when and where they need it. APR Energy combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customizable and scalable. Serving both utility and industrial segments, APR Energy has installed more than 1,000MW of generating capacity in 11 African countries since 2008.
Founded in 2018 as a partnership between African Rainbow Capital Proprietary Limited and JCH & Partners LLP, ARCH Emerging Markets Partners Limited ('ARCH') is an emerging markets advisory firm specializing in private equity opportunities across several geographies, with an initial focus on energy and logistics in developing economies.
As a specialist emerging markets advisor, ARCH will provide advice to various funds and strategies, including Africa power, where its mission is to create long term value for its stakeholders while addressing the African market's growing demand for bankable, de-risked electricity generation. Through the ARCH Africa Renewable Power Fund's ("ARCH ARPF"), ARCH will apply its proven expertise in the origination, development, financing and construction of African renewable power projects – all while ensuring affordability and strict adherence to the highest ethical standards and applicable environmental and social requirements. Upon successful operations, ARCH will market its investments for sale to buyers with appetite for commercially proven renewable power generation.
ARCH ARPF's strategy is designed to unlock the continent's enormous clean power generation potential, help combat climate change, and offer de-risked, sustainable operating assets to exit markets – all while improving the lives of Africans by increasing their access to electricity and providing attractive employment opportunities.
Ariya Capital Group ("Ariya") is an experienced developer and investor in clean energy and infrastructure projects throughout sub-Saharan Africa. Ariya has a highly experienced management team, a unique and proprietary pipeline of well-structured, bankable, privately-financed, high-profile clean energy and infrastructure projects throughout sub-Saharan Africa and a clear vision to become a leading clean energy independent power producer on the continent delivering superior financial returns and maximising our positive social and environmental impact.
Ariya is headquartered out of Nairobi with offices in the UK, South Africa and Jersey. The company is focused on two mutually reinforcing sectors: clean energy and ICT.
As part of its commitment to Power Africa, Ariya aims to catalyze US$ 600 million in investment for energy projects in the current Power Africa countries over the next five years. These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available to 133 million users by 740 MWs.
Azura Power Holdings is majority owned by Amaya Capital, the founder and lead sponsor of the 450MW ($876 million) Azura-Edo IPP located in Benin City, Nigeria. Whilst Amaya Capital is the controlling stakeholder in the Azura-Edo project, other equity investors in the Azura-Edo project include American Capital Energy & Infrastructure; African Infrastructure Investment Managers; Aldwych Azura Ltd; and the ARM-Harith Infrastructure Fund. The Azura-Edo IPP reached financial close on 28th December 2015 with the debt financing sourced from 15 banks representing nine different countries. The completion of the financing for the Azura-Edo IPP represents the second major infrastructure investment by Amaya Capital, the first being Seven Energy, the gas infrastructure company. Through its investments in Seven Energy and Azura, Amaya Capital has been the lead sponsor and active investor in two companies responsible for the deployment of over $3 billion of capital. These early stage investments have played a catalytic role in the development of commercially viable markets in Nigeria's gas and electricity sectors.
The Babcock & Wilcox Company (B&W), headquartered in Charlotte, North Carolina, is a global leader in advanced energy and environmental technologies and services for power, industrial and renewable markets. The company provides market leading technology in thermal power, such as coal, biomass, waste-to-energy, and concentrated solar power (CSP). Product and service offerings include utility steam generation equipment, waste-to-energy and biomass steam generating equipment, industrial boilers, environmental solutions, wet and dry cooling systems, and aftermarket retrofits, parts and services. As a Power Africa partner, B&W has committed to develop 4,560 MW of coal, solar and biomass power across sub-Saharan Africa.
Barclays Africa Group Limited (Barclays Africa Group) acting through its corporate and investment banking division, provides corporate and investment banking services to large corporate, government, and institutional clients throughout the African continent. The Barclays Africa Group has an established footprint in 12 African countries (Botswana, Ghana, Kenya, Mauritius, Mozambique, Namibia, Nigeria, Seychelles, South Africa, Tanzania, Uganda and Zambia) while Barclays Bank PLC has operations in Egypt and Zimbabwe - which are an integral part of our African business and continues to be run by Barclays Africa Group's management.
Commit a minimum of $500 million to a pipeline of proposed clean power projects in Power Africa countries that are expected to increase the quantity of power by up to 12,500 MWs (the Proposed Projects), subject to further due diligence, bankability and relevant internal approvals.
Provide continued access for Power Africa countries to a combination of best practice advisory and arranging services for both private and public debt and equity capital markets.
BioTherm Energy develops, finances, constructs and operates renewable projects with a pan-African focus with over 1 GW of projects in its pipeline. To that end, it has created a vertically integrated development team that can deliver across all stages of wind and solar development activities including project sourcing, site development, contracts negotiation, project financing, construction and operation of its projects.
To date, the company operates one wind and two solar PV projects (48MW) in South Africa, where it has also been awarded four additional projects, for a total capacity of 283MW. In addition, BioTherm Energy has secured through solar PV tenders 34MW in Burkina Faso, 10MW in Zambia and 20MW in Ghana and is actively developing other wind and solar projects across the continent.
By end of 2020, as part of its commitment to the Power Africa Initiative, BioTherm Energy intends to invest approximately $330 million in sustainable energy projects. These projects are expected to provide a more secure access to electricity to 1 million households and businesses with an estimated 1 GW.
Black Rhino Group is a project development company focused on investments in the energy infrastructure sector. They believe that energy, power and fuel are key foundational elements to the development of African economies. Black Rhino is targeting Djibouti, Ethiopia, Mozambique, Nigeria, and South Africa, with potential projects in Togo and select other jurisdictions. Over the next several years, as part of its commitment to the Power Africa Initiative, Black Rhino intends to develop up to 3,940 MW of additional generating capacity in Nigeria and Djibouti through the development of both solar and natural gas-fired generation projects. These projects will catalyze over $7 billion in investments and will add significant additional generating capacity to the grid, thus assisting Power Africa in meeting its goal of providing access to clean, reliable energy in Sub-Saharan Africa while bringing much need reliable power to significantly underserved regions and populations. Additionally, in an effort to build a holistic energy security program in Nigeria, Black Rhino intends to develop a $3 billion offshore natural gas pipeline system to reduce flaring of gas, to foster additional opportunities for gas-fired generation, and to ensure adequate onshore fuel supply.
Burmeister & Wain Scandinavian Contractor A/S (BWSC) is a world-leading turn-key contractor and operator for medium and large scale diesel and gas engine based power systems and biomass fired power plants in the range of 15 to 70 MWs. The company's experience and expertise range from every aspect of plant design to rehabilitation, operation, maintenance, and financing. Within the past three decades, BWSC has supplied 182 power plants to 53 countries, with a total generating capacity in excess of 3,400 MWs.
During the development phase, BWSC can provide financing assistance based on in-house experience with project-funding and drawing on an extensive network of financial institutions, pension funds and lenders, including export credit agencies. Further, BWSC can invest and provide asset management services as an active owner through the lifetime of the plant. BWSC has an in-depth knowledge of the culture and business environment in Africa, acquired through more than three decades in designing, constructing and operating diesel engine driven power stations, including transmission / distribution systems in Africa; a total of more than 50 projects throughout the continent have given us a unique insight into the implementation of projects in Africa.
As part of its commitment to Power Africa, BWSC aims to provide 290 MWs of new generation in sub-Saharan Africa.
Enable US$ 2.5 billion in incremental capital for the energy sectors in Power Africa countries over the next five years, which will increase access to electricity to millions of users in the region.
Leverage its financing expertise in renewable energy, particularly solar and wind power, to accelerate the adoption and implementation of the appropriate technologies for the specific markets.
Work with the key stakeholders in the respective local capital markets to introduce innovative debt securities and to enhance its financial infrastructure. Accelerating the development of local capital markets will not only mobilize domestic savings but also attract greater international financial resources to the Power Sector in the region.
Deploy its systems and technology to enhance the payment and collections capability of the various providers in the Power Africa markets to increase the efficiency and transparency along the entire supply chain.
Consolidated Infrastructure Group Limited (CIG) is a provider of infrastructure services and products and investor in critical infrastructure projects throughout the African continent and the Middle East, more than 25 countries in all. Key sectors include power, water and waste management and building materials. The group is headquartered in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
CIG is focused on adding more capacity to the grid through investments in generation and grid connections or improving the quality, therefore throughput, of power that consumers receive from the grid. Currently CIG is working on investments in up to 5 African countries along with major transmission infrastructure projects in more than 15 countries.
The Corporate Council on Africa is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United States and the nations of Africa. CCA is the premier American organization devoted to U.S.-Africa business relations and includes as members more than 180 companies, which represent nearly 85 percent of total US private sector investments in Africa. CCA's members range from America's smallest to largest corporations, and CCA's Board has recently invited African corporates to join CCA to foster partnerships for US trade and investment. They represent a diverse pool of industries from more than 20 key sectors, including agribusiness, energy, infrastructure, security, power, healthcare, telecommunications and finance. The US-Africa Business Center (USABC), a program of CCA launched in 2010 through a grant from USAID, will increasingly focus on clean energy and renewables in addition to supply chain development, agriculture and trade. The USABC provides a critical link between the public and private sectors to facilitate more business involvement in Africa. Since its creation, the USABC has facilitated countless private sector connections, expanded the network of companies focused on Africa and launched a new web portal that will enable it to scale up its activities and expand its reach.
CCA and the USABC will focus efforts on increasing investment between the United States and the Power Africa countries and facilitating expanded US and African business relationships that could lead to increased deal activity in clean energy and renewables. To advance this commitment over the next 12 months, CCA and the USABC will host a series of events, including a roundtable connected to the October 2013 US-Africa Business Summit in Chicago. The US-Africa Business Summit is the largest event of its kind and has traditionally drawn 1,500 or more participants from the private sector and government.
On an ongoing basis, the USABC will help familiarize US energy companies and investors with potential investment opportunities in Africa and will reach out to local African businesses working in the energy sector.
CPCS Development International Ltd (CDIL) develops renewable energy infrastructure in Africa. Harnessing the strengths and local presence of its parent company CPCS, an global management consulting firm, CDIL focuses on early stage development of clean power projects.
$180million USD in renewable power projects in sub-Saharan Africa.
100 megawatts of capacity 2018.
To Advance the Power Africa goal of providing access to clean, reliable energy in West Africa, Endeavor, BioTherm and FRV seek to invest in 1,000MW of power generation in West Africa - including wind power generation, solar power generation and thermal power generation, representing total investment of over $1.0 billion, with a special focus on Ghana. Endeavor seeks to provide as much as 800MW of thermal power generation in Ghana representing a total investment of over $0.8 billion.
Endeavor, BioTherm and FRV seek to invest an additional 1,000MW of power generation in Tanzania, Ethiopia, Kenya, Liberia and Nigeria - including wind power generation, solar power generation and thermal power generation, representing an additional total investment of over $1.0 billion.
These planned activities are expected to increase the quantity of power available to Ghana, Tanzania, Ethiopia, Kenya, Liberia and Nigeria by 2,000MWs, which has the potential to benefit roughly 2 million households and businesses or more by providing much need power generation.
Dominovas Energy Corp. (DNRG) is an energy solutions company dedicated to delivering clean, efficient, and reliable electricity, on a multi-megawatt scale, to areas of the world that lack this precious and necessary commodity. With an eye on capturing this immense "green energy solutions" market opportunity, Dominovas Energy is committed to building and deploying the most technologically advanced and cost effective market-based energy solution available today.
Support and advance the Power Africa goal of providing access to clean, reliable energy, and efficient energy via its commitment to expanding capacity in sub-Saharan Africa.
Partner with specific university systems in sub-Saharan Africa to train and hire local citizens to perform as plant operations engineers and technicians, as necessary for the installation, service, and ongoing maintenance of the RUBICON™ system.
Mobilize close to US $1 billion dollars of investment capital for energy projects over the next five years, resulting in increased access to electricity for more than 100 million users throughout sub-Saharan Africa.
dVentus is a U.S.-based renewable energy company with engineering and manufacturing operations in Ethiopia. dVentus provides full custom design and manufacturing of generators and converters for wind, small hydro, wind diesel, combined heat and power, and small electric meters and distributed management systems for smart grid technology. The company's vision is to be a global pioneer in the development of competitive renewable energy technologies, targeting markets in Africa.
A smart meter and associated system solution for Ethiopian Utility other Regional Utility companies.
Develop a customized 1MW Wind Turbine generator (WTG) System with public sector partners in Ethiopia that will fit the region's unique requirements, develop a local industrial supply chain to support the manufacturing of WTGs, technology transfer and affordable renewable wind power generation in the region.
Complete the ASSELA WIND Project – a 100 MW wind farm in Ethiopia representing a total investment of over $300 million.
Work with EEPCO's smart grid technology development plans by supplying 2 million smart meters in the next three years.
Expand dVentus activities to additional 3 of the Power Africa Countries; in particular it will aim to provide access to (its advanced wind power technology) to small entrepreneurs in rural areas.
Complete the Kiwira Hydro Project - a 10 MW hydro power project in Tanzania. Upon successful completion, we will move forward to implement other projects in early stages of development, such as our wind farms in Tanzania.
Catalyze US$ 500 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to 1,000,000 million users in these countries.
Expand its activities across the entire East Africa region, bringing early stage financing and development expertise to provide investors a portfolio of projects to promote. These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available in East Africa by 200 MW.
Energiya Global's mission is to bring solar energy to under-served populations in developing nations. We strive for a triple bottom line, delivering good financial returns to investors in addition to strong socio-economic and environmental returns in developing countries. Our principle focus is on Africa where there is both a compelling humanitarian case, with nearly 600 million lacking access to electricity, and a strong economic argument, based on the large number of countries dependent on expensive diesel fuel for electricity generation. Energiya Global is a service provider for Dutch-American solar developer Gigawatt Global, the company responsible for the completion of East Africa's first utility-scale solar field. The 8.5 MW solar project in Rwanda, which provides 6% of Rwanda's generation capacity was finished in September 2014, and is Power Africa's first green field project to reach interconnection.
ENGIE develops effective, innovative solutions for residential customers, cities and businesses by capitalizing on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE has 154,950 employees worldwide and registered a turnover of €69.9 billion in 2015. ENGIE has been present in Africa for 50 years, where it deploys its electricity, natural gas and services businesses. ENGIE has around 3,000 MW of centralised electric capacity in service and under construction. ENGIE is also developing decentralised electricity generation for isolated businesses and rural villages in order to achieve the global target of bringing electricity to 20 million people by 2020.
ENKA İnşaat ve Sanayi A.Ş. (ENKA) was founded in 1957 and it is a global engineering and construction firm headquartered in Istanbul, Turkey and is traded publicly in Borsa Istanbul (BIST) with a Market Cap of more than 6 Billion USD. ENKA, in its 59 years of construction experience worldwide, has successfully undertaken 495 projects in 47 countries, with historical aggregate value of 42 Billion USD. Furthermore, for the last 15 years ENKA has been standing as the biggest IPP in Turkey to supply 13% of the Country's total electricity production by means of operating three (3) Gas Fired Combined Cycle Power Plants of total 3,830 MW installed capacity on BOO scheme.
Develop projects as lead investor or together with reputable local and international partners.
Participate in equity ownership with solid financial background.
Invest $500 million in equity.
Secure long-term financing from ECAs, EXIM Banks, Multilateral Institutions, and commercial banks for power projects. With the necessary stature and credibility in the financial markets, ENKA has long and distinguished record of taking ground breaking, multi-billion dollar projects from concept to financial close.
Provide projects with loans from ENKA's balance sheet, as required.
Provide EPC Services, early development technical and commercial feasibility studies, and completion comfort to creditors.
Perform overall operation and maintenance services for the plants.
As a leader in long-duration energy storage, Fluidic Energy is delivering reliable, clean energy worldwide and accelerating widespread adoption of renewable-powered electrification. With 100,000+ batteries deployed, Fluidic is proven capable of providing commercially viable, reliable and long-term solutions to diverse, remote regions in Southeast Asia, Latin America, and now Africa. The company's proprietary technology, integrated intelligence platform and turnkey, rapidly deployable solutions have positively impacted the lives of over three million people and hundreds of communities. As proven, and integral to Fluidic strategy, is the transfer of technology, creation of local jobs, and sustainable local capacity building. With a goal of bringing reliable electricity to 100 million people by 2025, Fluidic Energy has already deployed some of the largest solar+storage rural electrification projects in the world and, after proving its business model, is rolling out more across remote regions.
As a result of our synergistic missions, Fluidic's enters this partnership with Power Africa to further accelerate remote access to clean electricity throughout rural Africa. Through on-the-ground experience, Fluidic appreciates the critical nature and massive undertaking required to deliver reliable, clean electricity to these regions and, therefore, greatly values the ability to collaborate with such a well-aligned, forward thinking organization.
General Electric (GE) is a global leader in infrastructure technology, services and solutions. GE's business in Africa focuses on power, oil and gas, transportation, aviation and health care.
In support of Power Africa, GE is committed to work with Governments and private partners to help bring online about 5 GW of new, affordable energy in Nigeria, Ghana, Kenya, and Tanzania. GE intends to provide technology based on a variety of fuel sources as appropriate for each project, including solar, wind and natural gas, to deliver the power, and support partners in arranging financing for these projects.
Host a special session on African geothermal energy development at the GEA Geothermal Energy Expo 2013. The session on Africa will provide host country government delegates an opportunity to describe the state of geothermal energy development in their countries, their needs and allow them to meet U.S. geothermal development companies that can help them meet their development goals.
Conduct regular outreach through its weekly newsletter, to its members about commercial opportunities to provide geothermal goods/services in East Africa, and more specifically in the Power Africa partner countries of Ethiopia, Kenya and Tanzania.
Support the East Africa Geothermal Partnership by identifying private sector geothermal energy companies willing to provide technical assistance and training to host country governments on different geothermal technical and policy related issues.
GG Energy Holdings is forging innovative, sustainable energy investments with a focus on grid parity and direct private market purchase agreements with customers. GGEH leverages an extensive network of private partnerships in the target countries to develop, finance, construct and operate sustainable energy power facilities utilizing solar PV, wind, geo-thermal, bio-mass as well as natural gas technologies.
Over the next five years, as part of its commitment to the Power Africa Initiative, GGEH intends to invest approximately $550 million in sustainable energy projects. These projects are expected to increase the quantity of power available to over 150,000 households and businesses with an estimated 325 MW.
In partnership with agri-processing centers, approximately $200 million to construct at least 100MW of sustainable energy logistical centers in the target countries. These power stations will not only provide electricity they will help improve the business opportunities for hundreds of farmers in the target countries.
Gigawatt Global is the successful developer of East Africa's first utility-scale solar field, an 8.5 MW project on the grounds of the Agahozo-Shalom Youth Village near Kigali, Rwanda. Having recently celebrated the one-year anniversary of the field's completion and interconnection, GWG is proud to be supplying electricity to 15,000 homes, contribution a significant boost to Rwanda's economic development. Gigawatt Global is pursuing similar solar projects in Burundi and South Sudan. In addition, the company has a robust pipeline of solar projects throughout sub-Saharan Africa.
Global Communities is an international non-profit organization registered in the United States of America as a 501 (c) (3) that was incorporated in 1952 as the Cooperative Housing Foundation. It currently has operations in 25 countries, and its mission is to create long-lasting, positive and community-led change that improves the lives and livelihoods of vulnerable people across the globe. Central to all of our work is community mobilization and engagement with government and the private sector to enable increased access to services, such as water, hygiene, health care, or energy and to opportunities for income generation. In Sub-Saharan Africa, Global Communities works with communities in Liberia, Ghana, Kenya, Malawi, Rwanda, South Sudan, Tanzania, and Uganda.
In partnership with energy developers, $557,000,000 in power sector investments will be de-risked and strengthened through implementation of community engagement activities.
Global Environment Fund (GEF) is a global alternative asset manager with approximately $1 billion in assets under management. Established in 1990, GEF has grown into one of the world's most successful investment firms dedicated to the energy, environmental, and natural resources sectors. GEF is a pioneer in environmental investing. As one of the first environmentally focused investors, GEF has made sustainability its mission with profitable investments in businesses that support the environment and promote clean energy and sustainable natural resources uses. GEF has global experience and expertise in applying proven technology such as distributed solar, compressed natural gas ("CNG") and biomass-to-power to improve efficiency and access to energy in Developed and Emerging Markets.
provide Power Africa countries with increased access to clean and renewable energy technology transfer, international best practice in environmental, health and safety standards, technical and financial expertise in the development of clean and renewable energy enterprises and projects.
Globeleq is focused on providing reliable power to the emerging markets of Africa and Central America. The company develops economically sustainable businesses that support the continued development of the electric power sector in these regions and actively participates in the communities in which it operates.
Since the company's launch in 2002, it has participated in nearly 14,000 MWs in 27 countries, investing more than US$1.3 billion of equity across 44 different power projects. The company is committed to growing its asset-base by continuing to invest substantial capital to enhance performance of its existing assets and develop new power generation projects.
Goldman Sachs is a leader in the global financial services sector, and has committed to provide strategic advice to the Power Africa initiative.
By leveraging its expertise in financing and investment, Goldman Sachs will assist the U.S. government and other partners in developing and implementing innovative and sound approaches to unlocking key constraints in the financing of energy projects in the region.
Raise a $20-50 million fund to invest in the early stage development of clean energy projects in Africa.
GreenWish is a renewable energy producer dedicated to providing reliable, clean and affordable energy to people and businesses across Sub-Saharan Africa. As part of our commitment to the Power Africa initiative, GreenWish has the ambition to develop, finance, build and operate a diversified portfolio of 600 MW of renewable energy assets by 2020, thus providing access to clean power for more than 6 million people.
With offices in France, Ireland, Senegal, Cote d'Ivoire and Nigeria, and $270 million equity investment capacity from African and international investors including the Private Equity firm Denham Capital, GreenWish is a true pioneer of renewable energy in Africa, with an emphasis on ensuring the inclusiveness and sustainability of our projects and creating value for all stakeholders including local communities, public stakeholders, private partners and the environment.
Provide the additional benefits of: reinforcing the demonstration effect of investing in innovative clean energy technology across Africa, creating approximately 70,000 direct and indirect jobs, and providing strong sector leadership and expertise.
These planned activities are expected to increase the quantity of power available to approximately 14,000 MWs and directly benefit 63 million households and businesses.
Complete a 50 MW PV solar project selling wholesale power in Tanzania's capital city of Dodoma. Further, Hecate Energy intends to expand this effort to include several other PV solar projects with a goal of reaching 400 MW in PV solar projects installed over the next five years. The total investment for this effort will be approximately $800 million.
Implement advanced undergraduate and graduate curricula in collaboration with first-tier U.S. research universities, as well as bring distance learning and offer vocational training centered around renewable energy to universities and technical schools in Tanzania. Hecate Energy has partnered with Tanzania's two premier institutes of higher learning: The University of Dodoma (UDOM) and the Nelson Mandela African Institute of Science and Technology.
As part of its commitment to education and human capital growth, Hecate Energy intends to construct a 2 MW PV solar farm to serve UDOM's Medical Diagnostics Building and a 1 MW PV solar array to serve student housing at prices below current retail rates.
Bring new PV solar projects to Kenya, and is currently assessing a 20 MW project in support of that effort which would result in a capital investment of approximately $80 million.
Expand its activities to additional Power Africa countries and position itself as a leader in efforts to bring clean, reliable electricity to neighboring countries as well.
These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available to Tanzania by up to 400 MW, and to provide a template for thousands of additional MW throughout the continent.
Heirs Holdings is an African investment company that invests proprietary capital for the long term in the most promising sectors on the continent that have a significant economic development impact, including financial services, healthcare, infrastructure, real estate and hospitality, agriculture, energy, and oil and gas.
In partnership with Power Africa, Heirs Holdings will, directly and through its investee, Transnational Corporation of Nigeria Plc, invest US$2.5 billion in energy over the next five years, generating an additional 2,000 MW of power capacity in the region.
Husk Power Systems provides end-to-end renewable energy solution by installing, operating 25-100 kW "mini power-plants" and wiring villages that deliver electricity as a "pay-for-use" service to villages. HPS has created a feedstock agnostic proprietary technology that cost-effectively converts biomass waste (e.g. rice husk, mustard husk / stem, corn cob, etc) into electricity. HPS has been operating for four years, maintains power plant's uptime of over 93% and has successfully installed 90 power plants that power over 325 villages. HPS now has its footprint in India, Nepal, Uganda and Tanzania.
To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, HPS seeks to complete installation of decentralized 200 biomass based mini-power plants in Tanzania. These mini power plants can light 60,000 households (325,000 users) at an affordable price. Installations of these power plants represent total investment of $15 million.
HPS aims to catalyze US$ 50 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to one million users in these countries.
HPS aims to provide Power Africa countries with access to its proprietary biomass based technology, expertise in providing renewable and affordable power in difficult to operate rural areas.
HPS plans to franchise its business and provide equipment and training to three hundred entrepreneurs who can then run these mini-power plants and generate a livelihood for themselves and their families.
These planned activities are expected to increase the quantity of power available to over one million people by 50 MWs. These investments could directly benefit 250,000 households and 5,000 small businesses.
Hydromine is an American development and technology company, specializing in energy, with offices in New York, London, and Yaoundé. Hydromine seeks to responsibly build natural resource potential into sustainably productive assets, generating progress. Each of Hydromine's officers has over 15 years of African energy sector experience in the origination, financing, construction, or operation of utility-scale power projects. Hydromine pursues transparent, market-driven greenfield development of safe, reliable, and sustainable energy solutions that deliver affordable electricity with a fair return on investment.
Hydromine is dedicated to Power Africa's mission to expand cleaner and more efficient power generation and access in sub-Saharan Africa, actively developing renewable centralized power plants and distributed power systems in Central-West Africa. These include the 1.3 GW Grand Eweng and 220 MW Mouséré hydroelectric projects in Cameroon and compact wind and hydrokinetic turbines integrated with hydraulic compressed air energy storage for off- or mini-grid deployment, with pilot projects under review for Guinea and other markets. Grand Eweng alone–Africa's first wholly private large hydro project and single largest IPP–will supply tens of millions of consumers and billions of dollars in secondary economic production, with a comparatively small reservoir area.
Hydromine is committed to proactive social and environmental stewardship and cooperative partnership with the communities and governments we engage with, adhering to the African Development Bank Integrated Safeguards System and International Finance Corporation Performance Standards.
Providing temporary and bridge power solutions to address capacity constraints in the most rapid and economic manner possible using nature gas and other available fuels to power turbine and engine driven generators and also upgrading transmission and distribution infrastructure.
Developing, installing, operating and maintaining permanent clean burning natural gas power plants using the latest technology to address the long term capacity constraints in the target countries.
Installing, operating and maintaining megawatts of permanent power generation capacity utilizing American solar PV technology with the highest efficiency and durability in the industry and solar CSP technology. Other renewable power solutions such as wind, combined heat and power, desalination, and waste to energy projects can also be evaluated by IAP.
Industry Capital is a San Francisco-based private equity firm focused on investing in real assets. The firm was founded in 2003. IC is one of the few financial sponsors with a dedicated alternative energy platform and is able to play across the development value chain, from finance to actual project development and portfolio management. Over the next five years, IC and its partners intend to drive investment of over $1.5 billion dollars working with developers across multiple sectors in alternative energy in Nigeria. These investments will be centered primarily on utility scale solar projects - an IC affiliate has a 500MW pipeline of such projects; smart metering services for the recently privatized distribution companies and clean energy production by harnessing flared gas in the Niger Delta region.
Make its standardized documentation and "pre-fabricated package" available for Power Africa projects in 2-3 African countries.
Work through both its network of Frontier Leaders and its Working Group on Increasing Access to Reliable Power to foster increased investment in power generation on the continent.
Interlink Capital Strategies ("ICS") is a Washington DC-based management consulting firm specializing in finance and business development. Our managers are experts in project financing, trade finance, structured financing, business development and marketing with a Washington insider's expertise on how to access government supported funding for transactions. We have successfully arranged billions of dollars of financing to structure transactions worldwide. ICS concentrates on supporting the development of both large-scale sales opportunities and entire projects in emerging markets. Because commercial financial markets alone are frequently unable to support sales and direct investment in these areas without government involvement, ICS provides critical financial advisory services to mobilize this type of financing. Our firm frequently assists its clients use official (e.g., U.S. federal, multi-lateral and bi-lateral government agencies) programs and non-profit sources alone or in tandem with the full range of commercial financial institution debt and equity products to structure the most cost-effective funding solutions.
ICS support for Power Africa will be led by its' current Vice Chairman, former OPIC CEO, Peter Watson. ICS is currently supporting mid-sized LNG, electrical distribution, and other energy projects in Ghana, Tanzania, South Africa and the Region.
Through its affiliate ExWorks Capital, an U.S. ExIm Bank and SBA approved export finance lender, and trading company, ICS offers structured and trade finance solutions for small and medium-sized businesses; including working capital loans for U.S. exporters, term financing to foreign buyers of U.S. capital equipment, and acting as a trading company when needed. ExWorks Capital is headed by John McAdams, former Vice-Chairman and COO of the U.S. Export-Import Bank.
ICS, through its affiliate, is working in partnership with one of the premier African banking groups to provide access to $200 million in trade finance for African businesses to buy goods made in the U.S.
Provide input to government and other policymakers on the key regulatory and contractual arrangements necessary to support the growth of a private power sector.
Through the delivery of reliable, cost-effective, clean energy into Emerging Markets, Jabil Energy strives to reduce energy poverty, improve access to energy and uplift communities whilst protecting the environment. Jabil Energy engineers, procures and constructs fully-integrated, turnkey distributed energy solutions including grid-connected power plants and microgrids for commercial, industrial and utility scale clients across Africa.
Jabil Energy is proud to be associated with and to partner with Power Africa in its shared goal of increasing access to clean, reliable power in Africa.
JCM Capital is a private equity firm that focuses on the development of clean power projects that have a positive social, environmental and economic impact. JCM is currently developing a multi-billion dollar clean power portfolio that includes both utility-sized solar projects in emerging markets, with a focus in Africa and Latin America, and high voltage transmission projects in North and South America.
JCM is the general partner and manager of several private funds that invest in generation and distribution energy infrastructure assets. JCM currently has over 400MW of solar PV projects under development, as well as two 1000MW HVDC transmission lines, totaling approximately USD $4.5 billion in capital expenditure. JCM's infrastructure division invests long-term equity in projects developed internally as well as those sourced from third parties.
Founded in 2009, JCM has completed more than 70 projects representing USD $120 million in construction and long-term equity. JCM's management team has over 50 years of combined broad energy experience. Headquartered in Toronto, JCM has offices in Mexico City and Cape Town, South Africa.
Joule Africa is engaged in the development and operation of renewable energy projects in Africa with offices in London, Freetown, Yaounde and Port Louis. Joule Africa is currently focused on two power projects which are expected to deliver over 600 MW of power capacity. Joule Africa works closely with all of its stakeholders to create infrastructure assets that will generate long-term, sustainable value. As part of its commitment to Power Africa, Joule Africa intends to continue to develop and invest in sustainable power projects that provide affordable, reliable, electricity to those countries which need it most: a fundamental factor in any country's ability to achieve significant economic growth.
KMR Infrastructure supplies renewable power from biomass and other renewable technologies to community mini-grids, mining sites, telecom towers, and more. The company's growing pipeline of projects addresses distributed power needs in remote locations across a portfolio of emerging and frontier markets. KMRI currently operates in Tanzania and seeks to quickly expand into Ghana, Kenya, Malawi, Namibia, Nigeria, and Uganda.
To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, KMRI, in partnership with its joint venture partner in Tanzania, Symbion Power, seeks to complete in the next 18 months the Kigoma Project - a 4 MW biomass power plant - and the Tunduru Project - a 1 MW biomass power plant - representing total investment of $17.6 million in the country.
Also in Tanzania, Symbion-KMRI seeks to develop a further 15 MW of renewable energy projects over the next 24 to 36 months, amounting to a minimum $50 million investment.
KMRI also intends to expand its activities three additional Power Africa Countries; specifically, it aims to develop 15 MW of biomass installations in Ghana, 5MW of renewable projects in Kenya, and 10 MW in Nigeria.
Milhouse Engineering & Construction, Inc. is a professional full service engineering and architecture consulting firm located in downtown Chicago serving public and private sectors and is our first Chicago based Power Africa partner. As a multi-disciplinary full-service firm, they offer expertise in Civil, Mechanical, Electrical, Structural and Construction engineering. To complement their professional engineering capabilities, Milhouse also offers Architectural services.
Milhouse is comprised of a dedicated team of more than 100 talented engineers and 6 LEED-accredited professionals in each discipline. As an engineering industry leader, the Milhouse team is committed to delivering technical excellence, innovative solutions, and value engineering to foresee and meet client needs.
Manitoba Hydro International Ltd. (MHI) provides innovative services and solutions to customers in the energy and telecommunications sectors around the world. As a subsidiary of a renowned Canadian energy utility, Manitoba Hydro, MHI offers clients over a century's worth of best practice experience. Leveraging its international experience and the parent utility's methods and technologies, MHI offers sustainable results and superior value to clients.
Working in Africa for over 30 years, MHI is dedicated to creating lasting relationships and collaborating closely with clients to suit their specific needs and achieve their desired outcomes.
Mobisol delivers a clean, affordable alternative to fossil fuels for low-income households living without reliable access to energy. The Berlin-based company combines solar energy with mobile technology, microfinance and comprehensive customer service to provide high-tech solar home systems (SHS's) powerful enough to electrify whole households and small businesses in developing nations. Using mobile banking services the cost can be paid off conveniently via mobile phone in a 36-month instalment plan. Mobisol SHS's come complete with a three-year warranty for the battery and twenty years for the panel, remote monitoring of each system and a full service package including free maintenance for three years. So far, Mobisol has installed over 40,000 SHS's in Tanzania, Kenya and Rwanda.
Founded in 1968, MODEC is a General Contractor specializing in engineering, procurement, construction and installation of floating production systems. MODEC also provides operation and maintenance services around the world for these types of assets. MODEC has some 3,500 employees with citizenship from more than 25 countries. MODEC has designed and built 42 Floating Production and Storage solutions for the Oil & Gas Industry in the last 30 years and currently owns and operates 18 Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) systems world-wide.
Combined-Cycle Gas-Turbine Power Plants which are more efficient and use less fuel than simple cycle systems.
FSR-Power™ solutions can provide supplementary power for intermittently producing Wind and Solar plants (Hybrid Power Plants).
Advance the Power Africa goal of providing access to clean, reliable energy in East Africa, including through the participation in landmark transactions such as the 300MW Lake Turkana wind farm in Kenya as well as various geothermal and hydro transactions in East Africa, Nedbank also aims to catalyze the US$ 300 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to millions of users.
Provide Power Africa countries with access to Project Finance, Advisory, Treasury functions and financial structuring expertise.
Expand its activities to additional the Power Africa Countries; in particular, Nedbank will aim to provide access to its advanced funding solutions in the renewable energy sector.
Advance the Power Africa goal of providing access to clean, reliable energy in East Africa, by setting up 200MW of generation capacity via several solar power plants – 70 MW in Tanzania, 50MW in Kenya, 35MW in Ethiopia, 30MW in Ghana and 15MW in Nigeria, representing total investment of $ 600 million.
NextGen Solar aims to provide Power Africa countries with access to sector expertise in building hybrid solutions, by integrating legacy diesel mini-grids with modern PV generation. This is expected to reduce the annual greenhouse gas emissions in these Power Africa countries by 300,000 t CO2 emissions.
Nigeria Solar Capital Partners is a renewable energy company focused on the development and management of utility-scale solar fields in Nigeria. Over the next several years, NSCP intends to drive investment of over $1 billion dollars in the development and management of utility-scale solar fields in Nigeria. NSCP is proposing to develop and operate up to 500MW of utility scale solar facilities in Nigeria by 2020. NSCP is initially pursuing two 100MW sites of solar power generation for the Federal Government of Nigeria, targeting financial close by Q1 2016. NSCP has acquired a license and expects to begin construction on the first field in Q3 2016.
NOVI Energy is an entrepreneurial company that turns exceptional ideas and modern alternative and renewable technologies into efficient energy solutions. NOVI is a Michigan, based company providing energy infrastructure development and energy consulting services to governmental, industrial, commercial, institutional, and utility clients around the world. Our professionals have worked in a number of African countries, with current project development in Nigeria.
Complete up to 650 MW Solar PV projects in Ethiopia, Ghana and/or Kenya - representing a total investment of $1.3 billion.
Complete up to 210MW geothermal energy supply in Ethiopia.
These planned activities are expected to increase the quantity of power available to several thousands of households and businesses by up to 1,000 MWs.
Complete in 2014 the construction of additional 16MW in plant 3, Olkaria III, Kenya, bringing its total installed base in Kenya to about 100MW.
Ormat is in discussions with Symbion Power to collaborate in the development of geothermal power plants in Tanzania.
Pele Green Energy is an African company that develops, owns and operates renewable energy power projects. Pele Green Energy has been in the power industry since 2009, and focuses on both utility scale projects and small scale microgrid projects aimed at both the public and private sector.
As part of its commitment to the Power Africa Initiative, Pele intends to invest in the development of power projects that would generate approximately 3,900 megawatts of capacity in sub-Saharan Africa. Pele believes that genuine structural change (catalyzed by the power sector) must result in thriving societies and economies built on the principles of justice and inclusivity.
Peppermint Energy is dedicated to making easy-to-use portable power available to everyone – everywhere.
No longer are we all at the mercy of the grid for energy. From adventurers to business travelers, from tailgaters to humanitarian aid workers, from campsites in the U.S. to homes in sub-Sahara Africa, Peppermint Energy is making power personal.
Peppermint Energy designs, develops, and manufactures scalable, portable solar generators and other solar products.
These innovative solar generators/products are each designed and proven to fully power anything from a small refrigerator to maintain medicines; to atm's keeping financial means available; to lights needed at night time; or even a typical small home. Today, Peppermint Energy's solar products are being used in some of the most remote locations of the world. The independence, security, and freedom that these renewable solar generators and products have provided to the often rural, poor, and disadvantaged people has been appreciated most by those who were otherwise without.
Peppermint Energy intends to expand its primary activities and provide a distribution network with simple, portable, powerful renewable energy solutions to small entrepreneurs, NGO service providers and governmental rural electrification for use in the development of resource projects in off-grid rural areas of Africa.
Phanes Group is an international solar energy developer, investment, and asset manager, strategically headquartered in Dubai with a local footprint in sub-Saharan Africa, through its office in Nigeria - the region's largest economy.
Phanes Group has a pipeline of ca. 1.5 GW under development, with 235 MW - of grid connected PV solar in Nigeria across three different projects. Two of these projects to be built, in the Sokoto and Jigawa states, are backed by one of the Nigerian government's 14 PPAs. In addition, the group is developing off-grid solar solutions in five sub-Saharan countries, with a first project having recently being delivered in Niger, to ensure communities across the region have access to a stable and clean energy supply. In the ECOWAS region, Phanes Group has activities on the ground in ten countries in total.
In the Middle East, Phanes Group is delivering the region's largest distributed solar project (DP World Solar Power Programme) and completed Phase I (33.4 MW) of the largest solar project in the Caribbean (Monte Plata). Cumulatively, the company's global clean power contribution is in excess of 70 MW, with USD 250m of commercially closed projects to date.
Carry out Corporate Social Responsibility initiatives that provide financial and technical know-how for PV developers in Africa, setting the foundations to deliver bankable projects.
The Private Infrastructure Development Group (PIDG) encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. Since 2002, PIDG has supported 154 infrastructure projects to financial close and provided 222 million people with access to new or improved infrastructure. PIDG is funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group.
Platinum Power SA is an independent power operator exclusively focused on the development, financing, construction and operation of renewable energy production projects in Africa. A true pioneer in the sector, this independent energy operator is present in Morocco, Côte d'Ivoire, Cameroon and Senegal, with a current pipeline of close to 1,000 MW in hydro-electric and wind power projects. Platinum Power is a Moroccan company, whose leading shareholder is Brookstone Partners, the American investment fund, based in New York and present in Africa through Brookstone Africa, its African entity.
The Gao Project, a 100 MW hydropower plant, and the Tayaboui Project, a 110 MW hydropower project in Cote d'Ivoire, representing a total investment of $ 883 million.
The Makay Project, a 400 MW hydropower plant in Cameroon, representing a total investment of $ 1,115 million.
Five hydropower projects in Morocco (Tilougguit Amont, Tilougguit Aval, Boutferda, Taskdert and Imizdelfene), with a total capacity of 125 MW and two wind farms ( Essaouira and Midelt) of 150 MW representing a total investment of $ 500 million.
POWER Engineers is an employee-owned global consulting engineering firm specializing in designing and implementing large-scale power delivery systems. Our industry-leading experts also provide vital engineering services addressing energy accessibility in developing countries. This international team provides feasibility studies, realistic technology recommendations, and construction oversight in remote locations to support infrastructure development.
POWER's work in sub-Saharan Africa includes projects in Kenya, Ghana, Namibia, Nigeria, Botswana, Angola, Cote D'Ivoire, Madagascar, Senegal, South Africa, and Tanzania.
Provide early-stage transaction support facilitating generation and transmission of power in sub-Saharan Africa.
Provide pragmatic and actionable consulting before and during project executions to enable project development.
Proton Energy Ltd is a leading Nigerian based Independent Power Plant (IPP) developer with a focus to develop and operate power plants across Nigeria and more widely in Sub Saharan Africa. Proton Energy is sponsoring the development of three new gas powered power plants in support of the development of the Nigeria power sector and to assist in meeting the growing energy needs of the citizens of Nigeria. Target installed new power generation in the next five years is an installed capacity of 1,500 MW, with an investment of over US$1.5Billion.
To advance the Power Africa goal of providing access to clean, reliable energy, Proton Energy seeks to complete three renewable energy, waste to energy (WtE) projects in Nigeria, with a total generation of 100 MW.
Advance and develop its portfolio of gas-fired independent power plants in Nigeria and sub-Saharan Africa.
Implement its first project, the 500MW (150MW in phase 1) with an initial investment of over USD220 Million - Proton Delta Sunrise Project in Nigeria. This project is reviewing RFPs from EPC contractors early in 2015 and projects Commencement of Operation Date (COD) in 2017.
These planned activities are aligned with the goals of the Power Africa Initiative and are expected to support the increase in the quantity of power available to the six focus Power Africa countries. These investments could directly benefit numerous households and businesses by 2020, and together in a multi-stakeholder effort, help lay the foundation for a future increase in access to electricity for citizens not connected to the grid.
PW Power Systems, Inc., a group company of Mitsubishi Heavy Industries, Ltd., provides high-quality gas turbine solutions for the distributed energy market that increase energy productivity, energy reliability and operational savings.
In support of Power Africa, PW Power Systems is committed to work with government leaders and private partners to help bring reliable power to sub-Saharan Africa. PW Power Systems has approximately 1500 MW of FT8® MOBILEPAC® and SWIFTPAC® gas turbines on the African continent, including sites in Guinea (Conakry), Benin, Togo and multiple locations in Algeria. There are also approximately 45 MW of FT4® gas turbines installed in South Africa and Libya.
Quantum Power is an industrial investment platform focused on power generation, energy, and related infrastructure in sub-Saharan Africa. It leverages the financial and operational resources of a principal financial backer controlling an international family of companies with assets in excess of $20 billion. Quantum Power's affiliates own and operate more than 3,000 MW of power generation capacity in emerging markets around the world.
Quantum Power is engaged in a broad range of projects that will improve access to clean, reliable and affordable energy across Africa. As part of our commitment to Power Africa, we intend to invest over the next several years in power generation and liquefied natural gas projects in sub-Saharan Africa, representing over $3 billion of capital expenditure, of which over $2.5 billion would be in Power Africa priority countries.
Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and is part of one of the largest financial services groups in Africa. RMB, through the FirstRand group, has branches and representative offices in 12 countries on the continent and a deal footprint across more than 35 African countries. RMB has funded several infrastructure developments in many African countries over the past decade and has extensive experience in structuring innovative funding solutions that meet the unique requirements of both the private and public sector.
RMB's partnership approach, asset class and jurisdictional knowledge together with the FirstRand balance sheet, enables RMB to underwrite, arrange and provide committed facilities across the whole capital structure, including senior debt, mezzanine debt and equity.
RMB is committed to maintaining its role as one of the leading debt arrangers for sub-Saharan African projects and is looking at a potential project pipeline worth over $5 billion, to be rolled out over the next few years.
SOENERGY is a global provider of permanent and temporary energy solutions with a highly customized approach. Working with diverse types of fossil and renewable fuels coupled with the proper conversion technologies, SoEnergy strives to develop the most cost-effective and sustainable solutions for its customers.
To support the goals of Power Africa, SOENERGY is prepared to commit significant resources to expand its business in sub-Saharan Africa in order to promote economic development and specialized training in the region. In its global projects, SOENERGY consistently makes every effort to employ and train as its employees as many people from the region as possible and contribute to the local economy wherever its projects are located.
SOENERGY is currently actively pursuing projects in Angola, Sierra Leone, Liberia, Tanzania, and Mozambique and is working to identify additional opportunities in other Power Africa countries. This ambitious vision requires an elevated partnership built around concrete commercial and developmental interests.
Solar Capital is a subsidiary of Phelan Energy Group Ltd, a prominent South African based international investment and development company. Their mission is to be the leader in quality low-cost development, ownership and operation of solar PV farms for the long-term. Based in Cape Town, they have built up a proficiency in these aspects of renewable energy in order to realize their mission. Their success is underlined by having 175 MW of solar PV grid connected with a significant pipeline at hand.
SolarReserve is a leading global developer of utility-scale solar power projects with more than $1.8 billion of projects in operation, and a pipeline of 6.6 gigawatts worldwide. SolarReserve and its partners have been awarded 346 megawatts of capacity under the first three rounds of South Africa's IPP Procurement Programme. In addition, the company has commercialized a proprietary solar thermal energy storage technology that enables its solar power plants to reliably operate on-demand, providing baseload power 24/7. SolarReserve is headquartered in California, with seven international offices to support widespread project development activities across more than 20 countries.
SparkMeter is the leading provider of smart metering solutions for micro-grid utilities and central grid utilities in developing countries, in particular in Africa. The company is headquartered in Washington DC, and designs and manufactures its hardware in the United States.
In support of Power Africa, SparkMeter is committed to work with governments and private partners to add 1,000,000 household and business connections across sub-Saharan Africa by 2020. SparkMeter intends to provide associated technical assistance and customer service support for clients to maximize energy services available through SparkMeter products. Visit us at www.sparkmeter.io to learn more.
Supporting the establishment of Independent Power Projects (IPPs) through a combination of debt products, transactional services including providing bonds and guarantees, hedging, advisory services and carbon credit solutions for eligible transactions.
Continued underwriting of funding in the power sector for Power Africa countries, with US$1 billion of debt either already deployed since the initiative launch or earmarked for projects in Power Africa countries through 2018.
In addition, Standard Bank sees significant opportunity in other sub-Saharan African countries, and seeks to deploy an additional US$2 billlion of debt in these countries through 2018.
Supporting the policy reform process by sharing our assessment of the key regulatory changes that would facilitate private sector investment in power.
Standard Chartered is a leading international banking group with 1700 offices in 68 markets. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 percent of its income and profits in Asia, Africa and the Middle East. Standard Chartered's leading position in Project and Export Finance has allowed it to successfully complete a number of cutting edge Project Finance transactions in Africa and is a testament to its commitment to long- term sustainable infrastructure development.
Over the next five years, as part of its commitment to the Power Africa initiative, Standard Chartered intends to finance over $2 billion in funding for power projects in Power Africa countries. This commitment is expected to increase the quantity of power available by up to 1,500 MWs.
SunPower Corporation is a leading solar technology and energy solutions provider, delivering unmatched reliability, efficiency, and guaranteed performance. Through development, design, manufacturing, installation, ongoing maintenance and monitoring, SunPower provides its proprietary, high- performance solar technology to residential, commercial and utility customers worldwide. SunPower aims to invest significantly in power projects in sub-Saharan African countries, aligned with the goals of the Power Africa to increase access to clean, reliable power in Africa, and are expected to benefit more than 1 million homes by 2018.
In partnership with the Tanzania Electricity Supply Company (TANESCO), Symbion is developing a 400MW power plant in Mtwara, Tanzania and a transmission line across the south of Tanzania.
In partnership with KMR Infrastructure, Symbion will complete two small-scale biomass projects in Kigoma and Tunduru that will replace diesel-based power for these two mini-grids. Symbion and KMRI are committed to developing similar projects for additional mini-grids and industrial off-takers in other locations in Tanzania.
Symbion is in discussions with Ormat Technologies to collaborate in the development of geothermal power plants in Tanzania.
Symbion won the right to acquire a 972MW gas-fired power plant in Ugheli, Nigeria as part of the Transcorp Ugheli Power Ltd. Consortium, which will under-go significant rehabilitation and expansion.
Symbion intends to either acquire or build several other new power plants in Nigeria, including playing a major role in the bidding for the NIPP power plants that are now up for sale.
Symbion is actively pursuing possible off-grid renewable energy projects in Nigeria, including in Niger State.
Symbion is developing a 450MW gas-fired power plant in Ghana.
These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available by over 1,500 MWs.
Upepo Energy's mission is to partner with local communities and utilities to bring sustainable, large-scale wind energy projects to East Africa. Upepo is the Swahili word for wind—an important source of clean energy found in abundance in many parts of the world. With one of the world's fastest growing economies, East Africa's demand for electricity is skyrocketing while the effects of climate change and drought are hitting home. Harnessing a clean, local and low-cost source of power like the wind is part of the answer.
U.S. Energy Association is an association of American public and private energy-related organizations, corporations, and government agencies. USEA represents the broad interests of the U.S. energy sector by increasing the understanding of energy issues, both domestically and internationally. USEA supports the mission of the World Energy Council, "to promote the sustainable supply and use of energy for the greatest benefit of all."
USEA, which is heavily engaged in Africa, commits to integrating the Initiative into its numerous activities over the coming months and years, particularly into its international utility partnerships and utility peer-to-peer executive exchanges. USEA will sponsor special events and briefings on the Initiative and opportunities for trade and investment in the partner countries. USEA will incorporate presentations and updates about the opportunities and progress of the Initiative at it numerous public briefings and meetings.
United Capital Plc (formerly UBA Capital) is a major financial and investment services provider with wide expertise in the African market and a track record of world-class execution in its range of businesses which includes Project and Infrastructure Finance, Capital Markets, Mergers & Acquisitions and Structured Finance.
Power has been at the forefront of United Capital's infrastructure projects, with the company providing financial advisory services on the construction, expansion and acquisition of power plants across Nigeria. United Capital acted as financial advisor on the acquisition of three of the six power generation companies privatized under the Federal Government of Nigeria's recent Power sector privatization exercise. This is in line with United Capital's commitment to Nigeria's goal of raising the country's operating capacity from 4,000MW in 2012 to 40,000MW by the year 2020.
As part the Power Africa Initiative, United Capital is focused on expanding the reach of its impact across Africa by working more closely with the public and private sectors to support innovative and practical solutions to the current power shortage.
United Capital is committed to the economic empowerment of the African people through increased access to power.
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas' more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
Reach financial close on 20 MW of small hydro, 40 MW of solar PV, and 15 MW of biomass grid connected power projects in Kenya and Tanzania within the next three years.
Catalyze $500 million in investment for clean energy projects in Power Africa countries over the next five years, which are projected to result in an annual reduction of over 800,000 tons of greenhouse gas emissions.
Provide Power Africa countries with technical capacity in project development and financial advisory services.
These planned activities are expected to increase the quantity of power available to Kenya, Uganda, Rwanda and Tanzania by 250 MWs. These investments could directly benefit over 250,000 households and businesses by 2018.
Vital Capital Fund is a $350 million private equity fund that invests in opportunities which simultaneously enhance the quality of life of communities in rapidly developing nations, primarily in Sub-Saharan Africa, while also delivering attractive financial returns for investors. Vital has over 30 years of successful experience in Africa. Vitals' primary investment interest is the development of infrastructure. Vital broadens its investment prospects by focusing on urban, large-scale, community-integrated housing concepts, renewable energy, water and initiating fully integrated agro-industrial solutions, as well as giving particular emphasis to education and healthcare.
Windlab Limited is a global renewable energy development company. It was established in 2003 to commercialize world leading atmospheric modelling and wind energy assessment technology, developed by Australia's premier scientific research institute, the CSIRO. Windlab owns and exclusively utilizes this suite of industry best practice tools to identify and efficiently develop, finance, construct and operate high quality wind farms around the world, with considerably greater certainty and substantially less risk.
This technological advantage has enabled Windlab to amass a portfolio of high quality wind farm development sites totaling 7,406 MW of potential capacity across North America, Australia, New Zealand and Southern Africa. Windlab has completed the development of 1,093 MW of capacity across three continents. These projects are either currently under construction or are amongst the best operating projects in their respective markets.
Windlab Africa is developing a portfolio of over 1,000 MW across Southern and East Africa and has established regional offices employing highly-skilled staff in Kenya, Tanzania and South Africa.
As part of its commitment to Power Africa, Windlab Africa intends to invest in the development of power projects which would generate over 1,000 MW of capacity in Southern and East Africa.
These projects are spread across Sub-Saharan Africa, with a focus on Tanzania, Kenya, Ethiopia, Zambia (and Mozambique and South Africa).
Where viable Windlab Africa will look to integrate implement innovative wind-solar PV-battery solutions.
Windlab Africa is committed to exemplary stakeholder engagement and community involvement in projects and sees this as the foundation for project success.


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"Respecting the Separateness of Others:" Segregationist Opposition to American Foreign Aid and the Formation of a Southern Internationalism, 1946-1973
Schlumpberger_ku_0099D_14102_DATA_1.pdf (1.443Mb)
Schlumpberger, Amanda Elaine
The end of World War II, decolonization, and the emerging Cold War made forming an antiracist foreign and domestic policy an imperative for the United States. This context meant that segregation at home tarnished the American image to potential allies in the Third World because the nation claimed to be the defender of freedom and equality against Soviet totalitarianism. This dissertation explores the development of a southern internationalism in response to the antiracist liberal international policies following World War II. I define southern internationalism as a belief in racial citizenship that defined efforts to maintain white supremacist global racial hierarchies, which manifested itself in support for segregation at home and neocolonial relationships abroad. The result of this global vision led to southern internationalist support of nationalistic, unilateral, and militaristic foreign policy and attached racial significance and motives to those foreign policy methods. This dissertation uses foreign aid as an entry point into understanding how the liberal internationalist programs of the Cold War faced opposition from representatives in the American South. It argues that southern politicians, such as Otto E. Passman, Allen J. Ellender, and George C. Wallace, opposed foreign aid not only for fiscal reasons, but also because they had an alternative vision for national security and controlling the decolonizing world. Their vision, southern internationalism, attempted to combat the connection between the American civil rights movement and nationalist movements throughout the Third World and gradually gained strength during the 1950s and 1960s. Segregationists refined their message against foreign aid and eliminated direct mention of race during the 1960s so that their objectives were more palatable to a national audience. Therefore, they crafted foreign aid into a symbol for both domestic and international racial disorder. The result was a political rhetoric that attached racial meaning and symbolism to foreign aid. Imbuing foreign aid with racial meaning allowed segregationists to take their regionalist international vision to a national audience while maintaining appeal to their southern base. Southern internationalism became one of many political traditions that formed a conservative internationalism in the 1960s and 1970s around shared interests and objectives.
Center for Latin American and Caribbean Studies Scholarly Works [743]

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