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Africa Investment Exchange:
Power & RenewablesEnabling power project development in Africa
15-16 November 2017, RSA House, London
CbIInnovative �nancing
Structuring projects
Market strategies
O�-grid investment
Political risk
Impact investing
africa-investment-exchange.com
Now in its fourth year, AIX: Power and Renewablesbrings established and non-traditional investmentsources together with project developers and otherstakeholders for a frank discussion of the challenges
facing investors along the electricity value chain. Themeeting is held under the Chatham House Rule,limited to 150 senior executives and structured aroundpanel-led sessions to encourage an open discussion.
Sponsored by
Meetings
Produced by Supported by
About us
2
A unique perspectiveAs a consultant and publisher, CbI has been involved at the heart ofthe debate surrounding the development of the energy sector inAfrica for almost 30 years.
CbI Meetings pairs the extensive regional expertise and sourcenetwork of CbI’s African Energy with a seasoned events teamexperienced in producing high-level investment forums anddialogues across the African continent.
As a consultant, CbI has a unique perspective when it comes tounderstanding the themes and topics that provide the foundationsfor a vibrant conference agenda and the mix of projectstakeholders required for a lively and engaging panel-leddiscussion.
We are focused on producing meetings that create enduringdialogues between development finance institutions and otherestablished investment sources as well as non-traditional investorsincluding, private equity firms, venture capitalists, family offices,foundations, institutional investors and impact investors.
Africa Investment Exchange (AIX) Power & Renewables is heldunder the Chatham House Rule, structured around interactivepanel-led sessions and limited to 150 high-level participants.
Over the last four years, participants have used the two-days of AIX:Power & Renewables to hold private meetings with new andalready established partners in convenient break-out rooms at RSAHouse.
Jectone Achieng’ Manager, Project Management Geothermal Development CompanyDafe Akpeneye Commissioner Nigerian Electricity Regulatory CommissionYesufu Alonge Head Power Procurement & Contracts Nigerian Bulk Electricity Trading (NBET)Oliver Andrews Chief Investment Officer Africa Finance Corporation (AFC)Clifford Aron Principal GreenMax Capital GroupSolomon Asamoah Chief Executive Officer Ghana Infrastructure Investment FundKweku Awotwi Principal Africa Power Systems ManagementAdel Baba-Aissa Director Renewable Energy PartnerAhmed Badr Executive Director RCREEEDouglas Bennet Chief Operating Officer GuarantCo Alexander Brummeler Head of Finance Innovation Azuri TechnologiesLars Buesching Managing Partner SolizerDavid Carroll Business Development Quantum PowerDavid Donaldson Head, IFC Infraventures, Africa IFCJames Doree Managing Director Lion’s Head Global PartnersThomas Duveau Chief Strategy Officer Mobisol
AIX: Power and Renewables Panellists
Panellists to date
3
* awaiting final confirmation
Anton Eberhard Professor University of Cape TownMohammed El-Khayat Executive Chairman New and Renewable Energy AuthorityMichael Franz Team Leader Africa-EU RECPCephas Galley Director of Legal Services Electricity Company of Ghana (ECG)Ragnar Gerig Director Energy Africa and Asia DEGEd Harkins Managing Director GKB VenturesAna Hajduka Founder & Chief Executive Officer Africa GreenCo Marcus Heal Chief Executive Officer Pan Africa SolarLucy Heintz Partner: Energy ActisAndrew M. Herscowitz Coordinator Power AfricaEitan Hochster Director of Business Development Lumos GlobalMaarten Van Der Horst Chief Business Development ENGIE AfricaOti Ikomi Chief Executive Officer Proton EnergyTim Jackson Business Development Manager InfraCo AfricaAlex Katon Executive Director InfraCo AfricaCamille Augustin K. Dikangala Director for Electricity Services Ministry of Energy & Water ResourcesMershil Kivuyo Manager Legal Affairs Tanzania Geothermal Development Co.Paul Kunert Chief Executive Officer Joule AfricaAndy Louw Principal: Infrastructure Investments STANLIBJean Paul M’Batna Director General ADER, ChadAstrid Manroth Energy Transformative Partnerships African Development BankJon Marks Chairman Cross-border InformationSteve Meyer Chief Executive Officer Corbetti GeothermalPaolo de Michelis Head of Renewables GlobeleqSimbarashe Mhuriro Managing Director Oxygen AfricaTunde Morakinyo Partner ERMTimothy Moran Partner DLA PiperChimuka Nketani Investments Manager Industrial Development Corporation (IDC)Jasandra Nyker Chief Executive Officer BioTherm EnergyPavel Oimeke* Acting Director General Energy Regulatory Commission (ERC)Mike Peo Head: Infrastructure, Energy & Telecoms NedbankKoen Peters Executive Director Global Off-Grid Lighting AssociationRomain Py Executive Head: Transactions AIIMAndrew Reicher Independent Adviser and InvestorOluniyi Robbin-Coker Chairman SLIEPALynn Tabernacki Deputy VP & Head of Global Energy OPICMay Tan-Mullins Professor University of Nottingham Ningbo ChinaJoseph Tato Partner DLA PiperNico Tyabji Director of Strategic Partnerships SunFunderJef Vincent Senior Advisor African Trade Insurance AgencyZiria Tibalwa Waako Chief Executive Officer Electricity Regulatory Authority (ERA)Nicholas Wrigley Chief Executive Officer Winch EnergyAli Zerouali Co-operation & Partnerships Director MASENSilas Zimu Energy Advisor to the President of South Africa
Wednesday 15 November 2017
4
08h30 to 09h00 Registration & coffee
09h00 to 10h00
Africa Power & Renewables Strategy
Chair: Jon Marks, Chairman, Cross-border Information
AIX P&R 2017 is structured to analyse the problemsand potentials along the project and investmentlifecycle. The morning starts with a broader view toidentify key trends in energy finance policy andregulation, renewable energy programmes and otherpower generation plans, and how off-grid integrateswith the grid.
Oliver Andrews, Chief Investment Officer, AfricaFinance Corporation
Lucy Heintz, Partner: Energy, Actis
Andrew M. Herscowitz, Coordinator, Power Africa
Astrid Manroth, Director for Energy TransformativePartnerships, African Development Bank
10h00 to 11h15
Providing funding for early-stage development andviable projects
Chair: Joseph Tato, Partner, DLA Piper
DFIs and public sector funders discuss developmentfinance initiatives and public sector support forensuring bankable RE and baseload projects.
• Industry snapshot: How does a power project or investment fit into a blended finance structure?
• Understanding additionality, structuring early stagerisks and project preparation facilities
• Defining bankability – the public sector view
• Resource, expertise and funding assistance available to facilitate projects
• Tariffs and market regulation – creating a sustainable enabling environment
• World Bank, OPIC and private sector insurance andguarantees
Yesufu Longe Alonge, Head Power Procurement &Power Contracts, Nigerian Bulk Electricity Trading
Solomon Asamoah, Chief Executive Officer, GIIF
David Donaldson, Head, IFC Infraventures, Africa, IFC
Jef Vincent, Senior Advisor, African Trade InsuranceAgency
11h15 Coffee
11h45 to 13h00
Mobilising private sector expertise and finance forearly-stage development
Chair: Alex Katon, Executive Director, InfraCo Africa
Responding to the earlier session, private sectorinvestors and developers examine key issues theyface overcoming early stage project risks.
• Structuring early stage risks
• What is behind successful fundraising?
• Private sector views on public sector support, including project preparation facilities
• Defining bankability – structuring deals and accelerating project implementation
• Overcoming unproven tariffs, offtakers and PPAs
• Leveraging extractive industry-related investment to finance power infrastructure development
Solar snapshot: opportunities and hard lessons from recent FiT programmes
Cephas Galley, Director of Legal Services, ECG
Ragnar Gerig, Director Energy Africa and Asia, DEG
Marcus Heal, CEO, Pan Africa Solar
Maarten Van Der Horst, Chief Business Development,ENGIE Africa
Paolo de Michelis, Head of Renewables, Globeleq
13h00 Lunch sponsored by
Day one – Power and renewables investment lifecycle
AIX: Power & Renewables
5
Special sessions
10h00 to 11h15
Geothermal Development in East Africa
Chair: Clifford Aron, Principal, GreenMax CapitalGroup
Break-out session to examine geothermal modelsin Ethiopia, Kenya and Tanzania.
10h00: GDC’s experience developing the MenengaiprospectJectone Achieng’, Manager, Project Management,Geothermal Development Company
10h15: TGDC’s experience in the early stages ofdeveloping Tanzania’s geothermal prospectsMershil Kivuyo, Manager Legal Affairs, TanzaniaGeothermal Development Co.
10h30: Investor and power developer perspectiveon opportunties, obstacles and risks
David Carroll, Business Development, QuantumPower
Tim Jackson, Business Development Manager,InfraCo Africa
Steve Meyer, Chief Executive Officer, CorbettiGeothermal
11h15 Coffee
11h45 to 13h00
Hydropower models
New and traditional investors discuss theopportunities and challenges from big-scaleprojects to mini-hydro developments.
Camille Augustin Kabasele Dikangala, Director forElectricity Services, Ministry of Energy and WaterResources, Democratic Republic of Congo
Paul Kunert, Chief Executive Officer, Joule Africa
Tunde Morakinyo, Partner, ERM
Romain Py, Executive Head: Transactions, AIIM
May Tan-Mullins, Professor, University ofNottingham Ningbo China
13h00 Lunch at RSA House
14h00 to 15h15
Exits and entries
Reaching financial close and attracting private sectorfinancing.
• Exit strategies for PE and other investors
• M&A as a means to enter the market
• Mobilising equities markets to purchase assets
• Alternative strategies for different project partners
• Perspectives from stock exchanges, pension funds family offices and other sources of finance
Andy Louw, Principal: Infrastructure Investments,StanLib
Jasandra Nyker, CEO, BioTherm Energy
Timothy Moran, Partner, DLA Piper
15h15 Coffee
15h45 to 17h00
Unlocking domestic finance
Chair: Solomon Asamoah, Chief Executive Officer, GIIF
Encouraging a greater role for local entities in powerprojects, improving access to long-term funding inlocal currency, strengthening the capacity of localmarkets and creating opportunities for local investors.
• Stimulating local capital markets and improving access to local finance
• Mitigating currency and liquidity risks
• Blending local finance and impact investors
• Tuning into the vagaries of local polities
Douglas Bennet, Chief Operating Officer, GuarantCo
James Doree, Fund Manager of African LocalCurrency Bond Fund with Lion’s Head Capital
Romain Py, Executive Head: Transactions, AIIM
17h15 to 20h00 Evening reception sponsored by
AfIDA Workshop
6
One of AfIDA’s mandates is toprovide research into projectdevelopment, advocacy andsetting standards.
The afternoon workshop will reviewthe standard documentation andframework agreements availablefor power developers in Africa andprovide recommendations for thewider industry.
14h00 to 14h45
Standard of practice for IPPs
Alex Katon, Executive Director, InfraCo Africa
Gad Cohen, Chief Executive Officer, eleQtra
14h45 Coffee
15h00 to 16h00
Project documentation and value
Andrew Johnstone, Chief Executive Officer, Climate Fund Managers
Vuyo Ntoi, Investment Director, African Infrastructure Investment Managers
16h00 to 17h00
Understanding the contents of a JDA for power projects
Paul Biggs, Senior Partner, Trinity International
Jasandra Nyker, Chief Executive Officer, BioTherm Energy
17h15 to 20h00 Evening reception
Wednesday 15 November RSA House, London
Participation at the AfIDA
workshop is reserved for
AIX: Power & Renewables
delegates.
AfIDA Workshop registration
fee: £495 + VAT
Contact Lauren Andrews to
register:
T: +44 (0)1424 721667
Establishing guidelinesfor power developers
The Africa Infrastructure Development Association (AfIDA) will launchits workshop series at the Africa Investment Exchange: Power &Renewables meeting at RSA House, London, 15-16 November.
How to register
Produced by
7
African Energy Live Data
Assessing some 2,000 powergeneration projects currently indevelopment, the session willprovide a snapshot of the pipelineon a continental, regional, andcountry level.
Themes for analysis include:
• The pipeline of key regions and countries over the coming five years;
• Fuel and technology mix looking forwards;
• What are the opportunities and where is the oversupply?
• Which projects will act as marketgame changers?
• How realistic is the pipeline?
14h00 to 14h45
Analysing the project pipeline
John Hamilton, Director,
African Energy
David Slater, Senior Project
Manager, African Energy
Dan Marks, Senior Research
Analyst and Contributing Editor,
African Energy
14h45 to 15h15
Q&A
The session will be opened up to
the audience for discussion.
Wednesday 15 November RSA House, London
Participation is reserved forAIX: Power & Renewablesdelegates.
Contact Lauren Andrews toconfirm your attendance:T: +44 (0)1424 721667E: [email protected]
Analysing the projectpipeline
African Energy examines the pipeline of electricity generation projectsacross the continent drawing on the latest research from AfricanEnergy Live Data, an unrivalled and indispensable source ofinformation presented for the first time at AIX: Power & Renewables.
Confirm attendance:
If you would like to discuss access
to the Live Data platform, please
speak to a member of the African
Energy team at AIX.
Alternatively, contact
Nick Dashwood-Brown
T: +44(0)1424 721667
Thursday 16 November 2017
8
10h30 Coffee
09h00 to 10h30
Southern Africa Focus
Chair: Jon Marks, Chairman, Cross-borderInformation
• Renewable and thermal generation models emerging across SAPP
• South Africa: renewables mixed with LNG procurement
Silas Zimu, Energy Advisor to the President ofSouth Africa
Anton Eberhard, Professor, University of Cape Town
Ana Hajduka, Chief Executive Officer, Africa GreenCo
Simbarashe Mhuriro, Managing Director, OxygenAfrica
Mike Peo, Head: Infrastructure, Energy andTelecommunications, Nedbank
11h00 to 12h30
North Africa Focus and South-South Co-operation
John Hamilton, Director, African Energy
• What next for Egypt’s rapidly developing renewables programme?
• Snapshot of renewable energy programmes in the region and their commercial viability
• Meeting demands for gas-fired power generation
• Morocco: an emerging Africa focused financial hub
Mohammed El-Khayat, Executive Chairman, Newand Renewable Energy Authority (NREA)
Adel Baba-Aissa, Director, Renewable EnergyPartner
Ahmed Badr, Executive Director, RCREEE
Lars Buesching, Managing Partner, Solizer
Ali Zerouali, Co-operation and PartnershipsDirector, MASEN
Day two morning – Regional focusExamining the energy mix across regions, including GTP, renewable energy and off-grid opportunities.
09h00 to 10h30
West Africa Focus
Chair: Oti Ikomi, Chief Executive Officer, ProtonEnergy
• Investment experience and outlook for baseload generation and distribution across the region
• Overview of renewable energy programmes
• Success at attracting local finance for solar projects
Dafe Akpeneye, Commissioner, NERC
Kweku Awotwi, Principal, Africa Power SystemsManagement
Oluniyi Robbin-Coker, Chairman, Sierra LeoneInvestment and Export Promotion Agency (SLIEPA)
11h00 to 12h30
East Africa Focus
• Scaling Solar, GET FiT and other RE programmes gaining momentum across the region
• Regulatory environment for new renewable energy and baseload projects
• Integrating off-grid solutions with the grid
Chimuka Nketani, Investments Manager, IndustrialDevelopment Corporation (IDC), Zambia
Pavel Oimeke, Acting Director General, EnergyRegulatory Commission (ERC), Kenya*
Andrew Reicher, Independent Adviser and Investor
Jef Vincent, Senior Advisor, African Trade InsuranceAgency
Ziria Tibalwa Waako, Chief Executive Officer,Electricity Regulatory Authority, Uganda
12h30 Lunch
Day two afternoon – Off-grid Investment Exchange
Pay-as-you-go (PAYG), roof-top solar and other off-grid technologies have the potential to scale quickly and
challenge conventional power generation models. The Off-grid Investment Exchange brings local
businesses and off-grid pioneers together with international developers and investors (DFIs, banks,
commercial and impact investors) who are looking to buy into this fast-growing industry.
AIX: Power & Renewables
9
13h30 to 15h00
Electrification strategies
Chair: Michael Franz, Team Leader, Africa-EURenewable Energy Cooperation Programme (RECP)
Improving transparency, measuring performanceand managing off-grid expectations.
Incorporating an off-grid electrification strategy innational policy and regulation framework.
Update on storage, latest trends and costs.
Pay-as-you-go (PAYG) or other off-grid businessmodels: who will be electrifying households andbusinesses in the next 3 to 5 years?
What part will micro- and mini-grids play in the off-grid energy mix?
Thomas Duveau, Chief Strategy Officer, Mobisol
Jean-Paul M'batna, Director, ADER, Chad
Koen Peters, Executive Director, Global Off-GridLighting Association (GOGLA)
Lynn Tabernacki, Deputy Vice President & Head ofGlobal Energy, OPIC*
15h00
Coffee
15h15 to 16h30
Accessing finance
Chair: Ed Harkins, Managing Director, GKB Ventures
Is there investor over-exuberance in the solar homesystem market?
Role of DFIs: creating an environment for commercialbanks to participate?
Syndication, securitisation, asset-backed financingsolutions and other innovative financial instruments.
Stimulating local capital for off-grid models.
Alexander Brummeler, Head of Finance Innovation,Azuri Technologies*
Eitan Hochster, Director of Business Development,Lumos Global
Nico Tyabji, Director of Strategic Partnerships,SunFunder
Nicholas Wrigley, CEO, Winch Energy
16h30 End of AIX: Power & Renewables
Sponsored by
Venue: RSA HouseDesigned in the early 1770s, RSAHouse is a famous centre forEnlightenment thinking, theintellectual and social home of someof the greatest thinkers and socialactivists of the past 200 years.
8 John Adam Street, London WC2N6EZ.
Please register those listed below for AIX: Power and Renewables:
There is a 10% discount which runs until 31 October. Price payable: £1,530 plus VAT (fullprice £1,700 plus VAT)
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Attend our meetings
For registrations contact:
Lauren AndrewsTel: +44 (0)1424 721667Email: [email protected]
africa-investment-exchange.com