frontier - european investment bank...• frontier energy ii (2017) (geeref: 21m of 116m usd –...
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GEEREF’s investment in: • DI Frontier Market Energy & Carbon Fund (2011) (GEEREF: 10m of 60m EUR)
• Frontier Energy II (2017) (GEEREF: 21m of 116m USD – target 200m USD)
Managed by Frontier Investment Management (Denmark)
FRONTIER Investment Management
People: Bringing power to the development of Africa for peace and eradication of poverty and migration
Profit: Stable long-term cash-flows to investors
Mount Elgon foothills, Eastern Uganda, near Siti Hydro Power Project
Planet: Reducing carbon emissions and fighting global climate change
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The Fundamental
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What Where How
Develop
Finance & Structure
Construct
Own Operate & Exit
Environmental Social & Governance (ESG)
Gert Skov, Co-Founder, Technical Director at Lubilia hydro site, Uganda
Portfolio
Technologies Sites MW range MW total mUSD total mUSD fund
Hydro 28 3-25 156 423 129
Solar 2 40 80 140 22
Wind 2 50 50 145 17
Geothermal 4 70 280 1,166 76
Off-grid (w/s) 13 0.2-0.6 8 14 7
Total 49 574 1,888 252
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Siti 1 & 2 Hydropower (5+16MW)
Desilting tank Canal from intake to desilting tank
Intake
View of Siti River Canyon at Mt. Elgon
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Impact
Canal from intake to desilting tank
Intake
Securing positive impact and avoiding adverse effects: • IFC Performance Standards and country specific rules • Environmental and Social Management System (ESMS) • Environmental and Social Undertakings • Environmental and Social Impact Assessments (ESIA) • Relocation Action Plans (RAP) • Community Development Actions Plans • Community Relationship Officers • Grievance Committees Examples of avoiding adverse effects: • Compensation for lost land (Siti: 220 families) • Compensation for lost houses (Siti: 19 families) • Compensation for loss of water access • Planting new trees Examples of positive impact (community development): • Employment during construction and operation (Siti: 400/20) • Water access from headrace canals • Traditional Birth Attendant Training • Boda Boda Mechanics Training
Original house for family at Siti Hydro, Uganda
New house for family at Siti Hydro, Uganda (constructed as compensation for removing old house)
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Community Development Activity
Boda Boda Mechanics Training (Siti Hydro)
• Boda boda (motor bike taxis) are a very popular and critical transport means in rural Uganda
• Riders used to travel 40 km from Project area to Kapchorwa for repairs/maintenance
• Organised 7-month training course and constructed a training workshop
• 35 youth completed the course, 8 have set up their own workshops in main trading centres
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Community Development Activity
Traditional Birth Attendant Training (Siti Hydro)
• 1 midwife covering 30km radius in Chesower sub-county
• Organised 1-year training course for TBAs through Mbale Hospital
• Originally 50 women enrolled
• 35 completed course, 3 working at Chesower and Tulel Health Centres, Rest called upon to assist midwife in remote areas
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Community Development Activity
Provision of Access to Water (Lubilia Hydro)
• Access to water a key challenge in the project area
• Women responsible for collecting water
• Difficult terrain to water source (steep hills), slippery footpaths
• Approached Water Company in Bwera to develop a community water supply to serve 300-400 households in 3 villages
• Design considering providing water points along canal route for installing standpoints at key locations.
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Anders Hauch, +254 790 554756, [email protected] www.frontier.dk
FRONTIER Investment Management
Completed geothermal well, Kenya