EKF helps you finance energy projects in Africa

Transcription

1 EKF helps you finance energy projects in Africa Experience and perspectives June 2014 Jørn Fredsgaard

2 Who we are

3 Since 1922 SLIDE 3

4 SLIDE 4 Significant customer increase Large Corporates SMEs

5 What we do

6 SLIDE 6 The Financing Game BUYER Payment Contract Delivery EXPORTER

7 SLIDE 7 The Financing Game - if the supplier provides credit.he will need financing BUYER Payment Contract Delivery EXPORTER Wo rking Capital or lo an Risk Guarantee

8 SLIDE 8 Case DMS Africa What New housing and offices for Brit ish diplo mat s in So uth Sudan Need Wo rking capit al EKF s ro le EKF guarantees 80 per cent of DMS Africa s credit wit h t he bank How much 2 millio n DKK

9 SLIDE 9 The Financing Game - if the supplier provides credit.he might also need risk cover BUYER Payment Contract Delivery EXPORTER Risk Guarantee

10 SLIDE 10 Case COWI What Railway pro ject in Tanzania Need Security for payment of consultancy work EKF s r o le EKF guarantees the payment to COWI. If something goes wrong, EKF covers the loss. How much Approximately DKK 30 million

11 SLIDE 11 The Financing Game - if the buyer is a project.it will need direct financing PROJECT BUYER Payment Cont ract Delivery EXPORTER Equit y Loan SPONSOR/ OWNER Risk Investment guarantee PENSION FUND Guarantee Funding

12 SLIDE 12 Case Lake Turkana What Africa s largest wind farm to date - LTW P Need Financing for LTWP EKF s r o le EKF guarantees loans from EIB and AfDB How much EUR 120 million in total, making EKF the single largest risk taker in t he pro ject

13 SLIDE 13 Case FLSm idth What A system to handle alternative fuels and a coal mill to Arabian Cement Company in Egypt Need Financing for the Egyptian buyer EKF s r o le EKF issues a guarantee to a bank who offers the buyer from Egypt credit How much 2,7 and 5,7 million euro

14 EKF s sectors Portfolio in amounts Portfolio in cases 0% 10% 20% 30% 40% 50% 60% 70% Wind Cement Infrastructure & Utilities Shipping & Ports Agri- & food business Oil & Gas Industrial pro ductio n Others

15 Slide 15 Take aways - EKF is ready to finance energy projects in Africa - EKF offers risk cover in the form of guarantees for loans as well as equtiy - EKF also offers liquidity through various funding schemes - Bring us into the planning of your project financing is key!

16 Slide 16 Take aways - EKF is ready to finance energy projects in Africa - EKF offers risk cover in the form of guarantees for loans as well as equtiy - EKF also offers liquidity through various funding schemes - Bring us into the planning of your project financing is key!

17 Slide 17 Take aways - EKF is ready to finance energy projects in Africa - EKF offers risk cover in the form of guarantees for loans as well as equtiy - EKF also offers liquidity through various funding schemes - Bring us into the planning of your project financing is key!

18 SLIDE 18 Mobilising climate finance First Climate Finance Ministerial, Washington 11 April 2013 ECA Wo rksho p o n m o bilising private clim ate finance, September 2013 EKF catalogue of ideas 7 ideas Second Climate Finance Ministerial, Copenhagen 24 October 2013: encouraged further work

19 The seven ideas Ideas for multilateral action across institutions A. Building bridges between ECAs, MDBs, IFIs, DFIs, DBs and national aid authorities B. Dual approach to investment guarantees and improved IPAs Ideas for ECA cooperation if possible, together with existing institutions C. International climate fund insured by ECAs D. Fund to cover project development costs E. Climate bond warehouse Ideas for ECA action F. Risk sharing pool of ECA capacities G. Scope of ECA cover - the role as arranger

20 Slide 20 Take aways - EKF is ready to finance energy projects in Africa - EKF offers risk cover in the form of guarantees for loans as well as equtiy - EKF also offers liquidity through various funding schemes - Bring us into the planning of your project financing is key!

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