AFRICA

SUMMARY Introduction VUNA POWA Ltd

Overview of African Power Sector

POWA concept

Objectives and business plan

Action plan and cash flow needs

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VUNA POWA Ltd

VUNA group Subsidiary

Registration in Mauritius

Holding for Powa“countries”

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VUNA POWA LtdManagement

Jean-Pierre SANCHIS

C.E.O

Specialist in Company Management, supply chain management &

organization

HYDELEC MADAGASCAR

Jacques PARADIS

Technical manager

Specialist in electricity production and

distribution

HYDRO QUEBEC

JIRAMA

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OVERVIEW of sub-SAHARAN AFRICAPOWER SECTOR

Today only 10 % of Africans have access to electricity

Uneven distribution of electricity with concentration in a few countries

Lowest annual per capita consumption in the world

Thermal production gives a non acceptable price for majority of population

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OVERVIEW of SSA POWER SECTOR

Assumptions There is a strong correlation between energy

consumption and economic growth

Access to modern energy services directly contributes to economic growth and poverty reduction

Electricity is essential for the provision of basic social services and also for powering machines that support income generating activities which tend to reduce poverty (MDG)

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HYDROPOWER IN SSA Total installed capacity in Africa is about 20.3GW /

generation 76 000 GWh / year

Gross theoretical hydropower potential of about

4 000 000 GWh/ Year

Energy derived from moving water is environmentally benign as compared to that obtained from burning fossil fuels – Emission of greenhouse gases

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Status of HydropowerAfrica - 2002

Hydro32%

Nuclear1%

Oil41%

Coal7%

Natural gas19%

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SMALL HYDRO POWER(SHP) Electricity generation through SHP is gaining owing

to: Short gestation period

Low investment, low ongoing operational and maintenance costs

Low environmental impact

SHP represents in SSA the highest density of resources

SHP plays a dominant role in rural renewable energy markets

SSA has one of the lowest SHP installed capacities despite the enormous potential

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POWA CONCEPT Develop SHP in SSA – Size between 1 to 20 MW

Secures investments by spread off the risks on several countries (some MIGA insurance)

To provide a full package including financing, studies, construction and operation in BOT (CC and PPA for 30 years)

Sale of the energy to the local electricity company or if necessary assume the distribution in the area of construction

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COMMERCIAL PROCESS AND DUE DILIGENCE

ESSENTIALS

30years contract40% marginDistribution off take or financial guarantee in placeGovernment concession

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Implementation Process

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Organization chart

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