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            Growing Economies: Project Finance Forum

      6- 9 December 2017    

 

 Project Financing Options for Energy and Energy Related Infrastructure Projects in Southern, East and North Africa

Join the December 2017 mailing list

Oficially endorsed by: 
   
The 10th Growing Economies: Project Finance Forum, formerly known as the hugely successful Powering Africa: Finance Options evolved into a high level dialogue focusing on the opportunities to finance energy and infrastructure projects in Southern, East and North Africa
 
The Forum hat took place in Cape Town from 2-3 February 2017, brought together heads of utilities and project developers from across Southern, East and North Africa to present live energy and infrastructure projects seeking partners and investors.
 
This meeting forms part of EnergyNet’s Growing Economies portfolio, which takes a closer look at the rapidly developing opportunities for project developers in new energy markets across the globe. 
 
View the Post Show Report from the 10th Growing Economies: Project Finance Forum
 
 
Latest industry news, interviews and articles about the energy & infrastructure projects in East & Southern and North Africa.
 

"Extremely well organised with senior level participation from a cross sectors of industry. Networking opportunity was also very fruitful." Emirates Islamic Bank

  

Some of the topics discussed include:

  • The Economic and Business Outlook for Investments in to Africa
  • Current Project Pipelines and Investment Opportunities for Investors
  • Successful Blending of Public and Private Financing
  • How are ‘Non Traditional’ Forms of Investments Shaping Project Financing
  • Effective Risk Mitigation for the Current Climate
"Strategic Partners Meaningful discussions with key stakeholders that engenders innovative thinking and builds strategic alliances for future growth in this critical industry", Webber Wentzel

Who attends

Government representatives, heads of utilities and project developers from South Africa, Kenya, Uganda, Malawi, Ethiopia, Mozambique, Tanzania, Egypt, Morocco

Debt management agencies, sovereign wealth funds, pension funds, banks and equity funds from Europe, USA, Asia and the Middle East  

Ref. Africa Progress Panel

Industry related reports and news

Global trends in renewable energy investment

Power project financing: The way forward for IPPs

Innovative Financing Models for Energy Infrastructure in Africa

Understanding Power Project financing

Financing African Infrastructure

Power and energy infrastructure in Africa - Financing for the future

 
 
Follow us on social media:
 
           #GEPFF17 

 

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To find out about speaking opportunities at the Growing Economies: Project Finance Forum 2017, please email Shididka Mohamed on s.mohamed@energynet.co.uk or call +44 207 384 7911

 

 

Christopher Marks
Christopher Marks
Managing Director and Head of Emerging Markets, Corporate Banking EMEA
MUFG

Christopher Marks has worked in the financial markets and financial sector advisory, across the public and private sector, for more than 20 years. He is Head of Emerging Markets, Corporate Banking EMEA, MUFG. Prior to his current role, Christopher served as Senior Advisor at the African Development Bank in Abidjan. He was previously Global Head of Debt Capital Markets at BNP Paribas in London. Ph.D. Princeton University.

Eric Mwangi
Eric Mwangi
Energy Advisor to the Minister of Energy
Kenya
Experience: A global business leader with over 18 years’ experience in advisory and investments in the public and private sector across a number of key industry sectors including energy, telecoms, infrastructure, financial services, agriculture and education, with a strong global management consulting and corporate finance background and extensive experience in three continents. Eric has worked with a number of leading investment companies both as a transaction advisor and as a principal, with interests in telecoms and energy on the continent ,in helping them build and execute infrastructure investment cases, generate and execute market entry strategies, as well as build strong management teams. He has worked for international firms such as Monitor Group in the US, Europe and Africa n industries such as pharmaceuticals, manufacturing, and heavy engineering, as well as national, regional and local governments in the areas of organizational restructuring, strategy development, acquisitions/investment analysis, service delivery analysis, industry analysis and competitiveness strategies. Eric is a Senior Advisor at Dalberg and an Advisor to the Cabinet Secretary in the Ministry of Energy and Petroleum in Kenya.
Background: Eric has a Bachelor of Science in Economics and Policy Analysis from Cornell University in New York.  
 
Karén Breytenbach
Karén Breytenbach
Head of IPP Projects, IPP Office, Government of South Africa

Karén Breytenbach was previously with the National Treasury, Public Private Partnership Unit and is currently in the IPP Office, a partnership between the Department of Energy, National Treasury and the Development Bank of Southern Africa.  Karén has extensive experience in the procurement of large scale infrastructure projects.  As Head of the IPP Office, Karén has been instrumental in the procurement of the internationally recognised Renewable Energy IPP Procurement Programme and is also heading the team procuring the new coal baseload and co-generation IPP Programmes.  The IPP office is currently also procuring a gas to power IPP programme, which will include, inter alia, natural gas, syngas and LNG.

Petrus Maduna Ngobeni
Petrus Maduna Ngobeni
Principal Energy Officer, IPP Office
Department of Energy, South Africa
Having worked within the Department of Minerals and Energy in the capacity of Principal Energy Officer, Maduna Ngobeni holds years of expertise within the energy sector.  Maduna has extensive experience in the development of legislation and regulations for the electricity sector and has contributed significantly with the drafting of electricity policies such as the Electricity Pricing Policy.  In his role as Project Officer at the IPP Office, Maduna has been instrumental in the procurement of the internationally recognised Renewable Energy IPP Procurement Programme. The IPP office is currently also procuring a gas to power IPP programme, which will include, inter alia, natural gas, syngas and LNG.
 
Judy Raphael
Judy Raphael
Corporate Specialist Treasury
Eskom, South Africa
 
Judy Raphael has 14 years of experience in the energy sector and is currently employed as Corporate Specialist in Eskom Treasury. She is responsible for facilitating complex and high-value financing agreements with Development Financing Institutions (DFIs) and has successfully negotiated multi-million dollar agreements. Since joining Eskom, Judy has played various roles including the financial assessment of large scale investment proposal in distribution, transmission, and generation and cross boarder projects. 
 
Judy is also a Non-Executive Director of the Board of Eskom Uganda Limited, and chairperson of the Audit and Risk Committee. She has also served on various investment committees as is currently a member of Eskom Distribution’s Investment Committees. 
 
Before joining Eskom she worked for Arthur Andersen as a Corporate Finance Consultant. She started her career as an Assistant Manager in the Investment and Property Finance Department of a large Pension Fund. 
 
Jonathan Berman
Jonathan Berman
Managing Director
Fieldstone

Jonathan joined Fieldstone in 2006, and has 25 years of investment banking experience, focussed mainly on emerging markets and the energy, infrastructure and commodities sectors

Prior to joining Fieldstone he was Managing Director and head of Global Markets for Deutsche Bank South Africa, in which role he was also CEO of Deutsche Bank AG Johannesburg branch and responsible for business development across the rest of sub-Saharan Africa. Before this Jonathan spent 17 years with Barclays, based successively in London, Hong Kong, Singapore, New York and Johannesburg. During his nine years in Asia, he completed many pioneering project, acquisition, export and capital market financings across the region,   followed by three years as Director, Investment Banking for the US Power and Utilities sector. From 2001 to 2004 he founded and headed Barclays’ pan-African Merchant Banking business, which completed transactions in 12 countries across the continent and was named “Debt House of the Year” by Euromoney. During this time Jonathan represented Barclays in the establishment of the Emerging Africa Infrastructure Fund.

Jonathan was a non Executive Director of the Bond Exchange of South Africa from 2003-9, and oversaw BESA’s merger with the JSE.   He maintains a keen interest in local currency debt market development across Africa, having led significant issues in Botswana, Kenya, Namibia, South Africa, Tanzania and Zambia.

He holds a BA (Hons) from Oxford University.

Tarik Hamane
Tarik Hamane
Director, Power Generation Projects and Programs,
ONEE, Morocco
 
Tarik HAMANE is the Director of Power Generation Projects and Programs of the Office National of Electricity and Potable Water “ONEE” (the Moroccan Electricity and Drinking Water Utility). Tarik HAMANE has more than 10 years managerial experience in leading the development of large scale power generation projects in Morocco, including IPPs and PPP projects and for different fuel and technologies (Thermal Power Plants “Clean Coal and Gas”) and (Renewables “Wind and Solar”). Tarik has also been involved in securing the ancillary power infrastructure (Port and Storage) as well as successfully managing land acquisition processes.
 
Key projects include landmark ventures that served as a guiding platforms for a wider implementation of energy projects in Morocco: Tarfaya wind farm 301MW, the Integrated Wind Project 850MW, Taza wind farm 150MW, Safi Coal Fired Power Plant 1400MW, Jorf Lasfar Coal Fired Power Plant 700MW, Extension of Jorf Lasfar Port. Before joining ONEE, Tarik has served as a R&D Engineer at CNRS in France and CERN in Geneva.
Mr. HAMANE has an MBA from Ecole des Ponts et Chaussées Paris, France, a Master’s Degree in Information Systems from Ecole Centrale and INSA Lyon, France, and a MSc degree in Electrical Engineering and in Automatic from Ecole Centrale-Supelec (Ecole Supérieure d’Electricité) Paris and from INSA Lyon.
 

 

Omar Vajeth
Omar Vajeth
Head: SAPP- Project Advisory Unit, Southern Africa Power Pool (SAPP)

Omar Vajeth is currently the Head of the Project Advisory Unit and Senior Transaction Advisor at the Southern African Power Pool, a new unit created with the sole purpose of advancing regional projects in SADC. Previously he was Head of Power, Utilities and Infrastructure at Barclays Africa/Absa where he lead the teams expansion into Africa and the approach to the South African Power market. During this time, he concluded transactions across Africa in technologies such as renewable energy, coal, hydro, gas, HFO in addition to various advisory roles.

After Barclays Africa Omar has spent time working with international utilities and South African investors on coal baseload program. He has also advised firms on Black Economic Empowerment ("BEE") Private Equity Transactions in South Africa in the Power Sector. In this capacity is also created Gold Key Energy as a BEE investment vehicle for South African Projects. Prior to this he worked at Eskom where he was the capital investment manager for the Transmission group. He has also worked at the National Electricity Regulator and at Accenture. Omar holds MBA, law and B.Sc. Elec Eng degrees.

Andrew M. Herscowitz
Andrew M. Herscowitz
President Obama's Coordinator for Power Africa and Trade Africa
USAID
Andrew M. Herscowitz is the Coordinator for Power Africa. Prior to this appointment, he served as USAID's mission director in Ecuador from 2011 to 2013, and as deputy mission director in Peru from 2009 to 2011.
 
In 2008, Herscowitz served as USAID’s supervisory regional legal adviser for Colombia, Ecuador and Peru. From 2002 to 2007, he was regional legal adviser for the Caribbean, providing services to Barbados, the Dominican Republic, Guyana, Haiti and Jamaica.
 
After joining USAID in 2001, Herscowitz served as the lawyer for USAID’s Office of Development Credit, which has leveraged hundreds of millions of dollars in private sector funds through its Development Credit Authority loan guarantee program. He also worked with the USAID legal team that designed the original framework for the Global Fund to Fight AIDS, Tuberculosis and Malaria. He began his career in international development as a consultant with Probe International.
 
Following graduation from Georgetown University’s School of Foreign Service, Herscowitz spent a year as a Georgetown volunteer in Nicaragua. After earning a law degree from the Georgetown University Law Center, he worked for the law firms of Piper & Marbury (now DLA Piper) and Brobeck, Phleger & Harrison in Washington, D.C. While at Piper, he was named pro bono lawyer of the year for running a Boy Scouts of America Law Explorers program for inner-city youth and for successfully helping victims of political persecution obtain asylum in the United States.
 
In 2005, the Federal Bar Association recognized Herscowitz as one of the five most outstanding lawyers under the age of 35 in the U.S. Government.

 

Salvador Namburete
Salvador Namburete
President, Banco Big & Former Minister of Energy, Mozambique
Banco Big
 
Born in the southern Mozambican province of Inhambane, Salvador Namburete speaks Portuguese, English, French (fair), as well as some national languages. Salvador Namburete holds a Master´s Degree in International Trade and Finance from Lancaster University, UK, and a Master´s Degree in Corporate Finance from American University, Washington, DC, United States of America. He holds a “Licenciado” Degree in Economics from Eduardo Mondlane Univesity, in Maputo, Mozambique, where he later taught International Economics, including a module in Trade Policy in the Master´s in International Trade Law Programme, at the Faculty of Law. He also holds a Bachelor´s Degree in Economics from the same University. Salvador Namburete has published a number of literary works, namely, two books titled: “International Economics” (2002), and “The World Trade Organisation: An African Perspective” (2005). He was Minister of Energy for Mozambique from 2005-2015. Before his appointment as Minister of Energy he held the position of Deputy Minister of Industry and Trade. He has held various positions in both the public service and the private sector in Mozambique.
 
Silvester Kasuku
Silvester Kasuku
Director General
LAPSSET Corridor Development Authority
 
Mr. Silvester KASUKU, MBS, CMILT is the Director General/ CEO, LAPSSET Corridor Development Authority which is charged with the responsibility of planning, coordinating and managing the implementation of the LAPSSET Corridor’s 7 infrastructure Project Components, namely; Lamu Port, Railway and road networks connecting South Sudan and Ethiopia to Lamu Port, Airports, Resort Cities, Crude oil Pipelines from South Sudan, Uganda and Kenya oil fields to Lamu Port and a planned refinery in Kenya.
 
Until February 2013, Mr. Kasuku was The Secretary for Infrastructure and LAPSSET Corridor Project Secretariat at the former Office of the Prime Minister. Previously, Mr. Kasuku had been a Lecturer at the University of Nairobi, School of the Built Environment since February 2003.
Ana Hajduka
Ana Hajduka
Founder & Chief Executive Officer, Africa GreenCo

Ana is a Founder & CEO of Africa GreenCo (Africa Green Regional Energy: Efficient, New and Creditworthy Offtaker).  Africa Greenco calls for the set-up of a public-private partnership in the form of an independent, regional, renewable energy offtaker.  Africa GreenCo would streamline development, mitigate offtake and credit risk and catalyse private sector finance for renewable energy development.  Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa by mitigating the credit risks associated with the current lack of creditworthy offtakers.  Current weak financial position of utilities and limited choice of an alternate buyer in case of utility default deters private capital.  An intermediary aggregator between buyers and sellers can help attract sustainable investments in the power sector on the strength of a multi-buyer model. Its role as a financially sustainable intermediary offtaker and power trading company can also stimulate regional electricity trading and facilitate more efficient use of available and new resources by optimising them on a regional basis.


Africa GreenCo as a concept was included in the recommendations section of the SE4All’s Finance Committee Report and is currently funded by The Rockefeller Foundation. 

Romain Py
Romain Py
Head of Transactions
African Infrastructure Investment Managers (AIIM)
 
Romain joined AIIM in August 2014 and is responsible for originating and executing investments into infrastructure projects and companies across the African continent.
 
Romain’s infrastructure experience dates back to 1999 and includes an in-depth knowledge of infrastructure sub-sectors, notably airports, ports and roads. Notable transactions include the award-winning Cyprus Airports, Brussels Airports and Bristol Airport transactions, and Sea-to-Sky Highway.
 
Prior to joining AIIM Romain was a Managing Director of Baobab Capital, which advises management, boards and infrastructure investors on acquisitions, financial or operational restructuring and strategic matters. He notably carried out a strategic review of Glasgow Prestwick Airport for the Scottish Government and serves on the Board of Global Ports Holding, the largest Turkish Port operator.
 
Romain was one of the founding members of the JPMorgan Infrastructure Investments Group in Europe where he led a number of transactions, including the acquisition of Electricity Northwest in the UK, Cairns & Mackay airports in Australia and Dragados SPL (now renamed Noatum) in Spain. He was a member of the risk committee and served on the boards of various infrastructure companies, including Noatum and North Queensland Airports.
 
Romain also worked at HSBC and Société Générale, where he structured, negotiated and completed transactions in both advisory and arranging capacities across the EMEA region and the Americas. Romain holds an MSc in Corporate Finance from EM Lyon Business School and an MSc in International Economics from Paris-Dauphine University.
 
Lisa Pinsley
Lisa Pinsley
Director
Actis Energy

In 2016, Lisa Pinsley joined the Actis Energy team as a Director based in Cape Town. Previously she worked for American Capital Energy & Infrastructure (ACEI), where she was a Director for Africa Investments; Globeleq as a Business Development Consultant and AES Africa Power Company as Vice President. Lisa holds a Master of Business Administration with honours from The University of Chicago Graduate School of Business, Master of Arts in Literature with distinction from The University of Sussex and a Bachelor of Arts in Applied Mathematics and Computer Science, cum laude from Harvard University.    

Maribuni Raphulu
Maribuni Raphulu
Chief Investment Officer
Hulisani Investments

Marubini is a former Investment Banker specialising in deal origination, mergers and acquisitions; restructuring, private equity; corporatisation; project finance and regulatory compliance. He has over 15 years corporate commercial experience, having been involved in providing advice to a number of public and private companies, parastatals and government departments. Marubini has extensive contacts and deal-making experience in the energy sector in South Africa and the rest of Africa. His experience in the energy sector ranges from solar photovoltaic, concentrated solar power, wind, coal and gas. Marubini is involved in various projects each in different stages of development.

Marubini was admitted as in attorney in 2002. He served his articles at  Werksmans, gaining experience in insolvency litigation and commercial law. He was an Associate Director at Sonnenberg Hoffmann Galombik, and a Director at AloeCap Corporate Advisors where he was an advisor on corporate finance and due diligence, as well as assessing the viability of investment opportunities. At Nedbank Capital during 2008, Marubini served as a Senior Principal in the Investment Banking Division.

Marubini left Nedbank Capital to start Medupi Capital Proprietary Limited (Medupi Capital) which is a shareholder in various energy companies and through a collaboration model is focused on Principal Investments and Advisory in the Renewable Energy Sector. The focus of Medupi Capital is on development of industries involved in the energy sector, participation in engineering, procurement and construction (EPC) and operations and maintenance (O&M), as well as investment in developing farms.

Ewout van der Molen
Ewout van der Molen
Manager, Regional Representative Office Southern Africa
FMO

Ewout joined FMO in 2002, where he started as investment officer with a focus on financing infrastructure projects (transport, energy & utilities) in Africa and Asia. In 2005, Ewout moved on to FMO’s Europe Central Asia team where he became responsible for FMO’s portfolio in Azerbaijan and Ukraine. Besides originating and completing several transactions in the automotive and agri-sector, Ewout was responsible for a number of equity and debt transactions with financial institutions. At the end of 2008, Ewout joined FMO’s Private Equity department where his focus was on growing FMO’s portfolio of financial institutions in Africa and Asia. Since 2012, Ewout heads FMO’s regional representative office for Southern Africa in Johannesburg. Prior to joining FMO, Ewout worked for an international construction group on various financial assignments (investment and risk analysis, financial modeling, BOT transactions, etc.) in Eastern Europe, the Middle East (Gulf Area) and Asia. Ewout has a Master’s degree in Public Administration from the University of Twente in The Netherlands.

Marcel Bruhwiler
Marcel Bruhwiler
Principal Investment Officer
IFC

Marcel Bruhwiler is a Principal Investment Officer with IFC based in Johannesburg. He works on infrastructure investments in Sub-Saharan Africa.

Prior to joining IFC, Marcel was the Managing Director of the South African subsidiary of an international plant & equipment provider. Previously, he was a Vice President with ABB Energy Ventures and a founding partner of EIC Partners, an investment advisory and asset management boutique focused on the energy sector. At ABB, Marcel worked on development and financing of infrastructure projects in power, transport and water across Africa and the Middle East. He holds an MBA from the University of St. Gallen, Switzerland. 

Hussein Hassan
Hussein Hassan
Global Head of its Islamic Finance
J.P. Morgan

Dr Hussein Hassan has been Global Head of Islamic Finance at JPMorgan since January 2013. He previously served as Head of Structuring for MENA and Global head of Islamic Finance at Deutsche Bank AG and Global Head of Islamic structuring and Head of Structuring for the Middle East and North Africa (MENA) for UBS.

Hussein obtained his BCL and Doctorate from the University of Oxford where he also lectured on Common Law and served as King Abdullah Fellow in Islamic law at the Oxford Centre for Islamic studies.

Alan Narayadu
Alan Narayadu
Senior Underwriter – Extractive and Energy Sector
Multilateral Investment Guarantee Agency

Alan Narayadu is a Senior Underwriter in the Energy and Extractive Industries practice at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group. His focus areas of practice are energy and mining. He is responsible for both the origination and execution of projects for a senior portfolio of multinational clients focused in these sectors. He is a qualified Chartered Accountant and in this capacity is actively engaged in the structuring of various projects across MIGA in these sectors. Prior to joining MIGA in 2006 Alan spent time at KPMG; ING and Absa where he held roles in Client Relationships and Project Finance Credit. He is an active member of the Global Association of Risk Professionals focusing on energy related topics.   

Mike Peo
Mike Peo
Head: Infrastructure, Energy, Telecoms
Nedbank Corporate and Investment Banking
 
Mike Peo is the head of the Infrastructure, Energy and Telecommunications business of Nedbank Capital. He is also the Chairman of the South African Chapter of the International Project Finance Association, is a member of the Governing Board of the African Infrastructure Investment Fund, one of the largest Infrastructure Funds in South Africa and is also a Director of Companies.
 
Mike is a CA (SA) who spent 10 years at Arthur Andersen and has had 20 years investment banking experience, with the past 16 years being primarily focused on the financing of large scale infrastructure projects in Africa. He has been extensively involved in most of the large scale infrastructure projects in South Africa and over the past five years has originated and led a number of landmark transactions, which have secured in excess of 20 international awards for Nedbank Capital. These transactions include inter-alia:
 
the Bakwena Platinum Tollroad refinancing – the largest refinancing  in SA,
the Neotel financing -  the largest limited recourse financing in SA,
two successive capital raises for Neotel totalling R2bn
the Seacom Undersea  Cable project – the first debt financed undersea cable for Africa,
the New Dawn Satellite project – the first debt financed African satellite.
the restructure and exit of a mobile telecommunications transaction in Southern Africa
 
Nedbank Capital’s Energy team has recently been one of the leading players in the funding of South Africa’s renewable energy procurement programme, having secured 23 of the 67 deals allocated totalling approximately R62bn project value in the first three rounds of the programme.
 
Phuti Mahanyele
Phuti Mahanyele
CEO
Shanduka Group

Phuti Mahanyele is the CEO of Shanduka Group. She joined Shanduka in 2004. Ms Mahanyele was previously Head of the Project Finance South Africa business unit at the Development Bank of Southern Africa. Prior to that she was Vice President at Fieldstone, an international firm specialising in the financing of infrastructure assets in New York.

She is involved in a number of activities with youth in her personal capacity. She has been awarded the Forbes Woman Africa Business Woman of the Year Award in 2014. The Africa Investors recognised Ms Mahanyele as a “Leading Africa Woman in Business of the Year” in 2012. In 2011 Rutgers University conferred on her the “Rutgers Vision of Excellence Award”. Wall Street Journal counted her among one of the “Top 50 women in the world to watch in 2008”. Ms Mahanyele was also selected as a Global Young Leader in 2007 by the World Economic Forum.

She holds a BA Economics from Rutgers University, USA, and an MBA from De Montfort University in Leicester, UK.

 

Svetla Stoeva
Svetla Stoeva
Senior Investment Officer, Project Finance Outside Europe
EIB

Svetla Stoeva is responsible for Project Finance transactions on the African continent at the European Investment Bank (EIB). EIB has been involved in the financing of several landmark PPP energy projects in Sub Saharan Africa, including the 300 MW Lake Turkana Wind Farm Project in Kenya; Khi Solar CSP Project in the Republic of South Africa (50MW); Cabéolica wind farm in Cape Verde (30 MW); Bujagali Hydropower Project in Uganda (250 MW), and the privatised energy utility AES Sonel and Kribi Gas Fired Power Plant in Cameroon (216 MW). In her 14 years at EIB, Ms Stoeva has also been responsible for EIB financing activities in various EIB Partner countries in Southern Africa and in the Near East. Between 2007 and 2010 Ms Stoeva served as Deputy Head of the EIB’s regional representation for Southern Africa located in Pretoria. Prior to joining EIB, Ms Stoeva was a corporate finance banker with JP Morgan Securities.

Gregory Smith
Gregory Smith
US Co-Chair, Projects and Infrastructure, US Chair, Agency Finance
DLA Piper

Greg Smith focuses on international financing transactions, particularly within emerging markets and developing nations. He represents lenders, host country governments, project sponsors and private equity funds in connection with the development and financing of projects in sectors such as energy, financial services, housing, manufacturing, microfinance, mining, petrochemicals, telecommunications and transportation. 

Over the course of his career, Greg has advised clients on transactions across Africa, Central and South Asia, Latin America and the Middle East.  He is especially well known as one of the leading lawyers for representing development finance institutions, export credit agencies and multilateral agencies in complex, cross-border project financings.

RECOGNITIONS

Chambers & Partners have repeatedly recognized Greg in their well-respected legal directory, Chambers Global, in the area of USA Projects, having noted that "[s]ources describe him as 'very practical, very smart and very hard working.'"

James Polan
James Polan
Vice President, Finance
OPIC

Jim Polan is the Vice-President of the Small and Medium Enterprise Finance Department at the Overseas Private Investment Corporation (OPIC).  The SME Finance Department administers OPIC SME direct lending programs sponsored by US companies and financial institutions.

From 2005 Jim introduced, designed and implemented exceptionally innovative, developmental and award winning products including those involving MSME, renewable/clean tech energy and low income housing finance resulting in a multi-billion dollar increase in assets and significant economic and social developmental benefits. 

In 2003 Jim led the effort to create OPIC’s Small Business Center (SBC).  The center was established to provide greater access to capital for small U.S. companies investing in developing countries. The SBC lending programs reduces the time and transaction costs typically associated with project financings.

 Prior to assuming the role of Vice-President  Jim has led project teams to project finance transaction closings throughout the world, covering sectors including manufacturing, Oil and Gas, Private Power, Transportation, Communications, Mining, Tourism, Agro-Industry and franchising representing tens of Billion Dollars in foreign direct investment in over 150 developing countries.

Prior to joining OPIC in 1995 Mr. Polan spent the previous 16 years working for development finance banking institutions in Botswana and has been a financial and economic consultant to financial institutions throughout Southern Africa and the Far East.  While in Africa, Mr. Polan sat on over 45 Company Boards of Directors and chaired four in addition. He managed and closed over 100 project finance deals.  Mr. Polan conceived of, arranged financing for and developed the first Private Hospital in Botswana, was its Board Chairman, and went on to be its Chief Executive Officer. He was an active member of several SADC economic fora and delivered papers on several subjects concerning the private sector and development in Southern Africa.  

Stuart Heather-Clark
Stuart Heather-Clark
Partner and Power Sector Lead
ERM
Stuart Heather-Clark is a Partner and Power Sector Lead for ERM Southern Africa. Stuart has more than 20 years’ experience in project managing large integrated environmental and social projects, including environmental and social impact assessments (ESIAs), strategic environmental assessments (SEAs) and environmental screening studies throughout Africa. As a result Stuart has an excellent understanding of the environmental and social risks facing major capital project development in Africa. He has worked in various African countries including South Africa, Angola, Namibia, Botswana, Mozambique, Tanzania, Uganda, Ethiopia, Malawi and Cameroon. 
 
Stuart has directed numerous ESIAs and ESDD’s for a variety of renewable energy project across Sub-Saharan Africa. He has directed over 20 ESIAs from renewable energy projects in South Africa as part of the recent Renewable Energy IPP Programme. Stuart has acted as an environmental advisor to various development agencies and lenders. He has an integral understanding of the Equator Principles and IFC performance standards and is a registered Environmental Assessment Practitioner in South Africa.
 
Marco Consumi
Marco Consumi
Head of Business Development, Global Generation, EMEA
Enel

Marco Consumi is Head of Business Development Africa, Middle East and Asia for the Thermal Global Generation of Enel. He has been covering this role since 2014. Previously he held several positions with increasing responsibilities in Business Development both in conventional and renewables within the Enel Group. Prior to joining Enel, Marco had worked for General Electric covering in his last role the African market in powergen and oil&gas sectors as Region Manager. Previously he served as research engineer at the Los Alamos National Laboratory of the Department of Energy in New Mexico. Marco holds a Master degree in Aeronautical Engineering from University of Pisa and a post-graduate diploma in Mechanical Engineering from California Institute of Technology in Pasadena.

Mikir Shah
Mikir Shah
Chief Executive Officer
AXA Africa Speciality Risks

Mikir is the CEO of AXA Africa Specialty Risks, a Lloyd’s commercial and specialty risks insurer and reinsurer with offices in London and across Africa. Prior to joining AXA, Mikir worked as Head of Insurance for UK and Africa at Barclays Investment Bank. He has a Bachelor of Science Degree in Actuarial Science from City University and sits on a Member Interest Group committee at the Institute of Actuaries. He is Kenyan and has extensive financial services experience across Africa.

Peter Ballinger
Peter Ballinger
Director, U.A.-African Clean Energy Development and Finance Center
Overseas Private Investment Corporation

Peter Ballinger is OPIC’s Managing Director for Business Development and their Johannesburg-based Africa regional representative focused on new projects with a concentration on the clean energy sector.

OPIC recently completed two of its largest clean energy projects in Africa, the $250 million financing for SunEdison’s solar project in South Africa and the $310 in financing for Ormat’s East Africa geothermal project. OPIC is a key player in the Obama Administration’s “Power Africa” initiative and OPIC’s Africa Clean Energy Finance (ACEF) facility has already provided pre-finance closing project funding to six clean energy projects in sub Saharan Africa. Prior to his assignment in Johannesburg, Mr. Ballinger managed the U.S. Government’s Clean Energy Finance Center in New Delhi, India and the Caspan Finance Center in Istanbul, Turkey.
 
James Eedes
James Eedes
Head of Project Finance
Inspired Evolution Investment Management

James Eedes is head of the project finance transaction team at Inspired Evolution Investment Management, manager of the Evolution Two Fund. Inspired Evolution is a specialised investment management business, investing in clean energy and resource efficiency investments across sub-Saharan Africa. 

Niall Kramer
Niall Kramer
Chief Executive Officer
South African Oil & Gas Alliance (SAOGA)
Niall is an experienced corporate marketing leader with strong global, Asian, African and SA experience in oil & gas, marketing and corporate areas.
He was educated at UCT and he joined Caltex in SA in 1990 where he moved from across many functions, in both Corporate and Marketing, and was posted to Singapore, Thailand and New Zealand. 20 years later in 2010, after leading the marketing integration for what became Chevron (with the merger of Caltex, Texaco and Chevron) for Europe, Africa, and the Middle East, he became Director Business Development for both Strika Entertainment and Market Pulse Int. In 2013 he joined Shell Upstream BV to manage stakeholder relationships on the key Karoo Shale gas project.
Niall joined SAOGA (South African Oil & Gas Alliance) in March 2016
 
Felchesmi Mramba
Felchesmi Mramba
Managing Director
TANESCO
Tsitsi Musasike
Tsitsi Musasike
Head of Business Development: Energy Financing for South Africa
DBSA
Head: Business Development: Energy, Environment and PPP Financing: Development Bank of Southern Africa (DBSA)
 
Tsitsi Musasike has extensive experience in project finance, financial management and reporting spanning development finance, investment banking, private equity, and consulting, manufacturing and engineering environments. Tsitsi’s focus in the last few years has been arranging and structuring funding for infrastructure projects.
 
Amongst the flagship infrastructure projects that Tsitsi has worked on are the two independent peaking power projects for South Africa and several projects under the South African Government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). She has closed a number of renewable energy projects since the launch of the REIPPPP in 2011. She is also supporting a number of developers on the Department of Energy’s LNG to Power and Coal baseload IPP Programmes.
Ntlai Mosiah
Ntlai Mosiah
Head, Power and Infrastructure South Africa
Standard Bank CIB

Ntlai is SA Head of Power and Infrastructure in the corporate and investment banking division. He completed a Bachelor's course in Electrical Engineering, a post-graduate course in Industrial Engineering – GDE (Industrial) Engineering and a Deloitte Executive Development Programme at the Gordon Institute of Business Science (GIBS), Johannesburg. He has been with Standard Bank for 8 years, during which time he led the Infrastructure Advisory business and advised on Renewables, Baseload Coal, Bagass and Hydro powered deals. In Coverage, he leads teams dealing with the Utilities in SA and the rest of SADC.

Ernest Addison
Lead Economist
African Development Bank
Alastair Herbertson
Director
Investec Asset Management
Coenraad Krige
Managing Director
Eaglestone

No

No

 

Location

The 10 Growing Economies Project: Finance Forum took place at the Belmond Mount Nelson Hotel in Cape Town

 
 

No

Why attend the Growing Economies: Project Finance Forum?
  • The Forum will bring together carefully selected project developers with investors from around the world in a deal making environment  
  • Workshops will present some of the biggest financial brains in the industry to provide tangible solutions to financing models for existing projects 
  • The forum will allow the private sector an insight directly from Governments from Southern, East and North Africa on what their project pipelines look like
  • The forum will announce latest investment trends giving a clear indication of where the best investment opportunities are 
  • Open panel sessions will allow for lively audience participation in discussions, to move forward the development of projects and forge partnerships 
  • The Forum will build on the success of the highly respected Powering Africa: Financing Options Meeting which has been running for 9 years

For more information about the full programme or how to attend the Growing Economies: Project Finance Forum 2017, please contact us directly.

Who will contribute and why?

No

No

NEDBANK Capital

Strategic Partner

Nedbank CIB is the Corporate and Investment banking division of the Nedbank Group, one of the four largest banking groups in South Africa. Covering the full spectrum of corporate and investment banking requirements, every solution we offer is characterised by fresh thinking, creative design and a complete understanding of what our clients need to be able to achieve their objectives.
Our dedicated Energy team has successfully concluded numerous corporate and limited recourse financing deals, following a full sector approach within the energy sector, both locally and within Africa. The team has won numerous international awards, has closed a number of landmark African Power deals and is currently the leading funder to the South African government’s Department of Energy’s Renewable Energy Independent Power Producers Procurement Programme (REIPPPP).
 
DLA Piper

Strategic Partner

DLA Piper is one of the most active law firms on the continent of Africa, with a multi-disciplinary team of lawyers working on energy and infrastructure development projects and related financings and mergers and acquisitions. We deliver legal services to a broad range of clients, including project sponsors, governments, parastatals, and banking and financial institutions in the power, oil and gas, renewables, telecommunications, infrastructure and mining sectors. We combine the skills and talents of our lawyers on the ground in our Casablanca and Johannesburg offices with experienced practitioners in New York, London, Paris and other commercial centers to provide a coordinated and experienced approach to achieving our clients’ business objectives in Africa. Our firm has established DLA Piper Africa, an alliance of leading law firms in Algeria, Botswana, Burundi, Egypt, Ethiopia, Ghana, Kenya, Mauritius, Mozambique, Namibia, Rwanda, Tanzania, Uganda and Zambia to further our on the ground coverage.

www.dlapiper.com

 

Commercial Partnership opportunities with the Growing Economies: Project Finance Forum
 
Partnering with EnergyNet offers your business a relevant platform to engage investors, governments and senior stakeholders in the power project value chain, to develop credible relationships with proven decision makers and to manoeuvre your organisation in to a position which will save you both time and money. We have operated successfully in Africa’s power sector for over 19 years and have built a strong reputation among decision makers that can directly support your business aspirations. By sponsoring The Growing Economies: Project Finance Forum power developers, financiers and advisers will have a unique and effective opportunity to enhance their profile amongst some of the most senior public and private sector stakeholders in Africa and to initiate a wide array of new relationships which will no doubt lead to the establishment of much valued new business.
 
  
 

To discuss a tailor-made package for 2017 please contact:

Damon Thompson

Commercial Director

+44 (0)20 7384 8071

damon.thompson@energynet.co.uk 

 

No

OPIC

Official Partner 

OPIC supports U.S. private sector investment in emerging markets by offering capital and risk mitigation tools

Key Capabilities:

• Direct loans and guarantees up to $250 million with maturities as long as 20 years on projects that meet minimum U.S. ownership requirement

• Allocates political risk insurance; specialty coverage available for investments in the renewable resources sector and provides support for private equity investment funds

• Supports project development funding to clean energy ventures through the U.S.-Africa Clean Energy Finance Initiative (U.S.-ACEF), a $20 million initiative, co-sponsored with the U.S. State Department and Trade and Development Agency

Emerging Market Investors Association (EMIA)

Association partner

The Emerging Market Investor's Association (EMIA) is the world’s first and only not-for-profit Emerging Market organization, dedicated to advancing the industry as a whole and representing the combined interests of investors and investment professionals across asset classes.  www.emia.org

 

Middle East Solar Industry

Association partner 

MESIA is the largest solar trade association in the Middle East and North Africa region . Established in 2009, the association represents over 120 international and local organizations including investors, installers, manufacturers, law firms, consultancies, policymakers and banks. MESIA is headquartered in Dubai, UAE and carries out solar-related activities and programs across the MENA region. Its regional coverage stretches from Egypt to Saudi Arabia, with over 7,600 subscribers. Over the past 5 years, MESIA has organized over 50 industry events focused on strengthening the footprint of solar energy in our region. Along the way, MESIA has won several prestigious awards and been recognized by leading government authorities across the MENA region. MESIA also publishes industry-leading reports which have been featured in the New York Times, Wall Street Journal and the FT. Among its most coveted events are the annual Middle East Solar Awards and the Middle East Solar Pioneers program. To learn more about MESIA visit www.mesia.com.

EMPEA

Association Partner

EMPEA is the global industry association for private capital in emerging markets. We are an independent non-profit organization with over 300 member firms, comprising institutional investors, fund managers and industry advisors, who together manage more than US$1 trillion of assetsand have offices in more than 100 countries across the globe. Our members share EMPEA’s belief that private capital is a highly suited investment strategy in emerging markets, delivering attractive long-term investment returns and promoting the sustainable growth of companies and economies. We support our members through global authoritative intelligence, conferences, networking, education and advocacy.

empea.org

The Egyptian Private Equity Association (EPEA)

Association Partner

Association Partner
 
The Egyptian Private Equity Association (EPEA) is a non-profit seeking association committed to supporting and developing the Private Equity and Venture Capital industry in Egypt and the surrounding region(s). The Association aims to foster private investment in Egypt, as well as to boost communication and knowledge sharing among the region’s private equity and venture capital networks. EPEA seeks to serve as the hub for private equity and venture capital professionals, organizations and stakeholders in Egypt, and be their gateway to the international community and counterparts.  On the local level, EPEA aims to serve the current needs of the local industry in the areas of capacity building, networking and policy advocacy, as well as raise awareness among industry stakeholders about the role of Private equity and venture capital in financing investments and thus enhancing economic growth. On the regional and international levels, EPEA is looking forward to contribute to the growth and development of the industry, through assessing potential opportunities and partnering with similar associations. 
 
EPEA was founded by a distinguished group of PE & VC industry professionals and reputable institutions, with the aim of creating a unified body to represent the industry and be in charge of its development on the macro level, as well as establishing a local and regional hub to set industry standards in light of international best practices. EPEA members work in task forces / committees in several areas, such as: membership, legal affairs, international relations & alliances, training and awareness, and corporate finance. All committees work together in complete synergy to accomplish the association`s objectives. 
 
 
African Energy

Media Partner

African Energy is a respected source of independent analysis on the continent’s energy industries, produced by Cross-border Information (CbI), a globally recognised business intelligence company with a long established research focus on the politics, energy and financial sector trends of Africa and the Middle East. Through continual monitoring of developments and an extensive network of local sources and on-the-ground experience, African Energy has established itself at the forefront of informed commentary and analysis on this most vital of sectors for the continent’s future. Clients come to us for incisive and informed analysis on the issues, events, people and organisations that affect their businesses and interests.

 

Africa Outlook

Media Partner

Africa Outlook is a digital and print product aimed at boardroom and hands-on decision-makers across a wide range of industries on the continent. This monthly magazine is essential reading for business executives wanting to keep up with the latest in global news affecting African businesses, as well as exclusive, engaging and sharable features generated from their peers. Africa Outlook remit embraces the coverage of key business sectors and sub-sectors including: mining, oil and gas, manufacturing, construction, retail, logistics, finance, healthcare, technology and other professional service areas.

www.africaoutlookmag.com

Africa Capital Digest

Media Partner

Africa Capital Digest is the leading source of original and curated industry news, comment and opinion for global private capital investors and their advisors who are sourcing, evaluating and executing private equity, infrastructure and venture capital transactions in Africa. Whether you are looking for ideas for new deals, leads for people and companies to be potential partners, expert market perspective from leading investors and market practitioners or just need to keep abreast of the most important private capital trends and developments on the continent, Africa Capital Digest provides you with the most focused, in-depth original and curated content to help you monitor and assess the private capital investment opportunities Africa offers.
 
To find out more:
 
Allan Cunningham
Twitter: @afcdigest

 

ESI Africa

Media Partner

Media partner 
 
ESI Africa is the global leader in disseminating African utility and power market news to more than 50 countries and growing. We provide over 50,000 professionals with renowned high quality and insightful editorial, equipping them with essential information to drive their own businesses.
 
By choosing ESI Africa as your medium for lead generation or market consolidation, you have the best route to market through our prized data. No one can equal the data that we have gathered over years of hard work and we provide six unique routes for you to access that data.
 
For advertising queries please contact Tarryn Bester on +27 21 700 3591.
 

 

Alternative Energy Africa

Media Partner

Alternative Energy Africa is the continent’s first magazine dedicated to literally filling the energy information gap in Africa.
 
Alternative Energy Africa provides its readers updates on private sector projects, government initiatives, business and investment news, and strategies for a thriving alternative/renewable energy market on the African continent, all of this in addition to global project news and groundbreaking technology coverage. And to complement the magazine, www.AE-Africa.com offers the latest updates between issues making the AEA online and print duo “the premiere source” of alternative and renewable energy news covering the African continent.
 
Visit www.ae-africa.com for more details.
Gulf Oil & Gas

Media Partner

Gulf Oil and Gas (GOG) is the gateway to the oil and gas markets in the eastern hemisphere. Gulf Oil and Gas attracts thousands of professional regular visitors each day. With 50% of our audience defining themselves as engineers and another 25% in managerial roles, we deliver a captive audience of professionals responsible for specifying projects and making purchasing decisions. GOG 3D Projects service tracks information for 4000+ projects across the Middle East, Asia, Africa and Latin America. GOG career center is dedicated to assisting organizations in building their engineering and technical resources.
 
Energy Update

Media Partner

Energy Update – A dedicated magazine with a mission
 
Energy Update, a magazine launched in May 2006 to cater to the burgeoning energy and environment sector of Pakistan. This is the only trade magazine on Energy and Environment in our country, and our aim is to become a Voice of the energy industry.
 
The magazine focusing on the developments in the global energy & environment sector, with particular interest to Pakistan, and will also be covering developments in the alternate energy and environment.
 
With unbiased in our analysis, truthful in reporting, scathing in our criticism, liberal in praise of the positive, and open and receptive to suggestions, advice and critiques that assisted us in making Energy Update a publication that the industry is proud to call its own. Today, the monthly Energy Update is being circulated among 8,000 Industry Experts (HVACR,  Energy Sector Engineering Industry, Corporate Sector, Trade Associations and Key Decision Makers at Government level) in Pakistan and Overseas Markets including UK, Canada, UAE, Middle East & Far East, South East Asian Countries and other growing  energy, Environment  & engineering markets of the world.
 
This magazine's distribution list includes all industry sector experts, leading Companies, decision-makers, trade body personnel and key individuals at the government level.
 
A Profile:
Language: English
Frequency: Monthly
Circulation: 8000
Market: Nationwide & abroad in Middle East, Far East, Europe & South Asia.
Readership profile: Estimated Readership 40,000 
 
Capital Markets in Africa

Media Partner

Capital Markets in Africa is the leading “one-stop” platform dedicated to Africa’s fastest-growing financial, capital markets and wealth management industry. Capital Markets In Africa aims to support local and International investors, senior decision makers, institutions, policy makers or individual investors interested in the Africa by providing a platform for timely news and Interviews, a daily Market Watch – a summary of Daily Trading on African Stock Markets, expert features and economic outlooks, as well as “key risks and opportunities” available on the African continent.
 
Over the last few years Africa has consistently been named as the next Frontier for Capital growth by Economists and Financial Analysts. Capital Markets in Africa recognises the enterprising spirit and the investment opportunities that come with this phenomenon and as such aspires to showcase Africa as an attractive investment destination giving our readers the latest news, views and guidance on how to gain access to and profit from investment opportunities the region. We also provide exclusive interviews and commentaries from movers and shakers (such as Chief Executive Officers, Economists, Central Bank Governors, Investment and Fund Managers, Corporate Leaders, Heads of Governing Bodies, Entrepreneurs and Innovators) on the African continent.
 
WANT access to African financial and capital markets as well as the Africa ever-increasing Growth Story or want to simply keep an eye on what’s trending in Africa’s Capital Markets! THINK Capital Markets in Africa. 
 
Menas Associates

Media Partner

Menas Associates is a London-based strategic risk consultancy firm which helps companies make critical decisions in difficult operating environments. 
 
Besides our consultancy services we also have 15 regular country specific publications which analyse the political, security and business environment for foreign investors. Our leading analysts also answer clients’ specific questions in hour long confidential telephone consultancy calls. All the Menas experts focus on individual countries and have strong “on the ground” knowledge and contacts so we provide in-depth quality analysis.  
www.menas.co.uk/home.aspx
The Oil & Gas Year (TOGY)

Media Partner

Media partner 
 
Since it was established in 2005, TOGY has developed from strength to strength to become a recognised actor in the global energy industry. By working hand in hand with established international names and newcomers, we are now a preferred corporate and institutional communications vehicle. Our unrivalled reach into the boardroom can provide your organisation with the essential data tools to enter fresh markets, find partners and keep you abreast of market developments. For more information visit http://www.theoilandgasyear.com/
The Business Year

Media Partner

The Business Year (TBY) is a leading research firm and publisher of annual economic resources on national economies. Present in over 25 countries, TBY provides first-hand access to the people and ideas shaping business and policy throughout the world. Each country-specific edition contains a comprehensive range of interviews and analysis, offering an inside look at doing business in the world’s most dynamic economies. TBY’s interviewees, readers, and partners comprise an international network of thought-leaders who are helping to define the future of the global economy.

 

ChinaGoAbroad

Media Partner

We Are...
  • A unique membership organization with an O2O (online to offline) model:
  • An online information platform and deal database
  • An offline advisory service with private deals
  • Experts in cross-border transactions
  • Supported by PRC and international government agencies at various levels
We Provide...
  • Information and advice
  • A platform for enterprises, governments and individuals to promote their knowledge and capabilities
  • A bridge for cross-border investments and business opportunities
  • Access to expertise, events and deals
Our Services...
  • Knowledge: our website contains practical, authoritative information for international transactions
  • Matchmaking: we connect investors and business partners, source financing, and facilitate access to funds
  • Consulting: we provide practical, experienced advice from pre-signing through closing and ongoing operations
Visit www.chinagoabroad.com for more details
InfraPPP World

Media Partner

InfraPPP World is the new and definitive social media tool that will allow our clients to get the latest and updated knowledge on infrastructure and PPP:

· The latest and most relevant news of the infra&PPP sector at a global scale: EMEA, Americas and Asia Pacific (APAC)

· Every new market report and research about infrastructure and PPP, from the most trusted sources

· Our recommendations for the best job opportunities

· The best database of PPP tenders and awarded project

For more information, visit infrapppworld.com/.

IPP Journal

Media Partner 

IPP Journal is an internet knowledge platform focused on the energy finance sector where subscribers can get valuable information, such as daily news and databases of projects, M&A transactions, institutional and PE investors, companies and job offers. We aggregate, elaborate and distribute specialized knowledge in the energy finance & investment sector. We differentiate from other editorial groups because we are also business consultants operating in the sector.

For more information visit www.ippjournal.com

Construction Review

Media Partner 

Construction Review Magazine is  a 20-year old monthly magazine which enjoys the readership of; architects, engineers, quantity surveyors, project managers, interior designers, developers, building specialists, contractors, landscape architects and contractors, real estate agents and investors, property managers, suppliers to the construction industry, government departments and ministries: local authorities, land surveyors, financial institutions, telecommunication companies etc…
 
www.constructionreviewonline.com is the online version of Construction Review magazine. It has a global reach targeted at the construction industry, incorporating suppliers, professionals, contractors, governments and non-governmental organisations.
 
Construction Review Online pages have extra information not in the print version such as tenders, jobs, multi-media and past copies of the magazine.

If you would like to attend as a member of press or are interested in a media partnership in 2017, please contact:

Alexandra Cianciara
Marketing Executive

+44 (0) 20 7384 7936

alexandra.cianciara@energynet.co.uk

 

Gallery

Growing Economies: Project Finance Forum 2017 Photos

View photos from the Growing Economies: Project Finance Forum 2017

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No

Rates for Growing Economies: Project Finance Forum 2017

 

Standard rate after 16/12/16 Group booking
(applies to final rate)
Team of 4
$1,944 $7,000

Register online or email us directly

If you are looking to register 5 people or more, please email GEPFF@energynet.co.uk to discuss the different package options.

Alexandra Cianciara
Marketing Executive
 
T: +44 (0)20 7384 7936
 
 

Contact

For programme or speaker enquiries please contact:

Shiddika Mohamed

Group Director 
T:+44 (0) 20 7384 7914

To find out how to attend as a delegate or for media enquiries please contact:

Alexandra Cianciara

Marketing Executive
T: +44 (0) 20 7384 7936

For commercial partnership opportunities please contact:

Damon Thompson
 
Commercial Director
T: +44 (0)20 7384 8071
M: +44 (0) 7500 220 913
 

Speakers Interviews

View the interviews with the speakers for this year's Growing Economies: Project Finance Forum

Ana Hajduka, Founder and Chief Executive Officer, Africa GreenCo

1. What do you think needs to change urgently to move forward projects?

Current development efforts focus on the financial instruments required to compensate for lack of offtaker creditworthiness and the lack of a viable power market. These are the proverbial sticking plaster, and do not address the underlying structural and market weaknesses that make private sector investment in infrastructure so challenging.  In order to access the necessary capital, new structures need to be developed to create lasting, scalable changes in how power markets operate. Such new structures should be focused on a programmatic approach to energy development and planning, rather than the prevailing project-by-project approach. We are proposing one such structural change via Africa GreenCo.

2.  Beyond traditional private equity and institutional investors – how are non-traditional investors shaping project financing? Are they?

No they are not as of yet but they could do and should do but for that we really need to think outside the box. Over the past few years, the equity returns achievable by developers of energy and infrastructure projects in developed markets have fallen dramatically, particularly in the renewable energy sector where state subsidies have been progressively withdrawn.  There is now a deep pool of international capital looking for investment opportunities with appropriate risk-adjusted returns but the majority of these potential investors still view a long-term investment in the African power sector as a highly risky venture.  One aspect of this is the substantial “at risk” time and cost involved in project development, another is the difficulty faced in “banking” a long term power purchaser agreement with an uncreditworthy counterparty.  The current focus on deploying monies for individual projects whether by direct finance or by guarantees is not sufficient as such a way of funding and managing risks is project specific and in addition moves the obligations away from uncreditworthy entities (i.e. utilities) to already heavily indebted governments (by virtue of sovereign guarantees). This is an unsustainable model going forward as it transfers utility risk to governments without solving the underlying structural utility and market weaknesses.  This problem is exacerbated by increased capital adequacy requirements reducing the availability of long term debt.

3.  Which financing instruments are leading the trend and looking to be the most promising?

As per above we are not believers in financial instruments as real change makers :)  The question for us is how best to address the underlying credit risks associated with developing new power generation in sub-Saharan Africa in order to unlock new sources of capital at lower cost, and reduce the fiscal burden on African Governments?

Due to that we propose the introduction of a principal in the market to address the core issue of creditworthiness of offtakers and the lack of a viable power market to sell electricity production. The envisioned entity is an ambitious attempt to attract the capital required to meet Africa’s energy needs and help liquefy and develop the power pools energy market in sub-Saharan Africa.

Current weak financial position of utilities and limited choice of an alternate buyer in case of utility default deters private capital.  An intermediary aggregator between buyers and sellers can help attract sustainable investments in the power sector on the strength of a multi-buyer model. Its role as a financially sustainable intermediary offtaker and power trading company can also stimulate regional electricity trading and facilitate more efficient use of available and new resources by optimising them on a regional basis.

Most independent power projects in sub-Saharan Africa are currently structured on a bilateral (single buyer / single seller) basis. Interposing a single creditworthy counterparty between multiple buyers and sellers within regional power pools, should improve efficiency and reduce the risk profile of the projects.  It is argued that such an intermediary would ‘crowd in’ private investment by making power generation finance what it should be: an accessible, low risk endeavour.

East & Southern - industry updates

 

Find the latest industry news, interviews and articles about the energy & infrastructure projects in East & Southern Africa. This content is gathered at our annual meetings, from our sponsors and partners and aggregated from credible sources. 

Is your company active in East or Southern Africa? To receive the latest updates from these regions, please join the East & Southern mailing list

Interview corner

H.E. Honourable Motuma Mekassa, Minister of Water, Irrigation and Electricity, Ethiopia disusses the country's huge potential for energy development from renewable energy sources

Minister Thabane Zulu, Director-General, Department of Energy, Republic of South Africa, at the Africa Energy Forum discussing strategies to increase South Africa's base load

Watch the interview with Joshua Kibet Choge, Chairman of KenGen, Kenya, as he speaks with us at the Africa Energy Forum 2016

Watch the interview with Jason Harlan, Chief Executive Officer, Fieldstone Africa

 
 
 
Mike Peo, Nedbank Corporate & Investment Banking, South Africa
 

Latest industry news

05/04/17

03/04/17

South African firm plans to build 235 MW hydro power plant in Zambia

28/03/17

€60-million loan agreement between European Investment Bank & Kenya to back last-mile power connectivity

15/03/2017

Neoen secures 25-year PPA for 54 MW solar project in Zambia

31/01/2017

26/01/2017

Growing appetite for foreign direct investment in 'Africa's renewable energy sector

13/01/2017

10/01/2017

Tanzania granted US$870,000 for renewable energy projects

15/12/2016 

South Africa's new gas projects will be economical – Aurecon

14/12/16

2017: a big year for progressive power projects

12/12/2016

East Africa’s Largest Solar Plant Starts Operations

Is your company active in East or Southern Africa? To receive the latest updates from these regions, please join the East & Southern mailing list

North & West - industry updates

Find the latest industry news, interviews and articles about the energy & infrastructure projects in North & West Africa. This content is gathered at our annual meetings, from our sponsors and partners and aggregated from credible sources.

Is your company active in North or West Africa? To receive the latest updates from these regions, please join the North & West mailing list

Industry presentations

Siengui Ki, Secretary General of the West African Power Pool (WAPP)

Africa Energy Yearbook articles

A Snapshot of Morocco's Power Sector - by Tarik Hamane, Director, Power Generation Projects & Programs, ONEE, Morocco

Latest industry news

21/01/17
 
 
11/01/17
 
 
05/01/17
 

03/01/17

15/12/16

Nigeria, China Exim Bank Reach $1.3bn Power Plant Deal

Interview corner

Watch the interview with H.E Honourable Alfa Oumar Dissa, Minister of Energy, Mines and Quarries, Burkina Faso, as he talks with us at the Africa Energy Forum 2016

Watch the interview with H.E. Hon. Henry O. Macauley, Minister of Energy Sierra Leone, as he talks with us at the Africa Energy Forum 2016

Watch the interview with H.E. Honourable John Abdulai Jinapor, Acting Minister of Power, Ghana, as he talks with us at the Africa Energy Forum 2016

 
Is your company active in North or West Africa? To receive the latest updates from these regions, please join the North & West mailing list

Getting to know EnergyNet

EnergyNet has been producing investment forums and executive dialogues for Africa’s power sector for the last 18 years - in Europe, the USA, China and across the African continent.
 
We work with 23 different governments and national utilities to facilitate investment summits where international investors can build relationships with credible African public sector stakeholders to advance access to power. 
 
Best known for the Africa Energy Forum, the longest running meeting place for senior level decision makers in Africa’s power sector taking place in Europe each year, EnergyNet also produces the Powering Africa: Series- in-country investment meetings which provide a more detailed perspective on the investment landscape and power generation potential of countries such as Nigeria, Mozambique, Tanzania, Ghana Ethiopia, South Africa and Egypt.
 
Our team spend over 220 days a year travelling to meet stakeholders across Africa, so relationships and investor insights are both our business and our passion.
 
Drop us a line- we'd love to hear from you.