Review of the Reform and Privatization of the Power Sector in Nigeria. Peter Kieran Dar es Salaam January 31, 2014
|
|
- Baldric Kelly
- 6 years ago
- Views:
Transcription
1 Review of the Reform and Privatization of the Power Sector in Nigeria Peter Kieran Dar es Salaam January 31, 2014
2 Corporate Overview -history -who we are today
3 Our History CPCS Limited Canadian Pacific Consulting Services (CPCS) established as rail consulting arm of CP Rail Management buyout of CPCS. CPCS Limited fully independent of Canadian Pacific. CPCS Limited merges with Hickling Transcom providing full spectrum of transport advisory services. Re-branded as CPCS. Power and Urban Development Advisory Practices established, in addition to full service transport advisory
4 Global Management Consulting Firm Focused on transportation and power Strategy, investment advisory, economic analysis and policy Over 1,000 projects in more than 115 countries 4
5 Sector Expertise Rail Ports & Terminals Marine Urban Transit Multi-Modal Energy Urban Development 5
6 PPP Leaders CPCS s core business is working work with clients to promote private investment in infrastructure Since 1996, we have closed (financial close) 37 infrastructure transactions. Over the past five years, we have advised clients in PPP infrastructure transactions worth over US$10 billion We were advisors on successful PPP transactions of: Railways in 9 countries 1 new urban railway Ports in 9 countries Sale of 11 distribution companies Sale and concession of 6 hydro and thermal power plants - CPCS is unique in that we offer a full suite of PPP Services to our clients from feasibility studies to financial close and handover to the private sector.
7 Nigerian Power Experience - Background - Basis for Transaction - Sector Reform - Transaction Implementation - Outcome
8 Nigeria Country Profile Nigeria is the largest country in Africa with a population of over 150 million GDP per capita doubled between 2005 and 2010 Nigeria has one of the fastest growth rates of the world with growth of 6-8% per annum expected over the medium term It is expected Nigeria will be one of the future leading world economies Demand for power far exceeds supply Expensive private generators currently produce more electricity than the formal grid Estimates for projected demand by 2020 range from 12,000-40,000 MW Available generation capacity is currently around 4,000 MW 8
9 Generation Capacity (000 MW) Generation Capacity vs Population Germany Brazil UK South Africa Egypt Algeria Nigeria Population (million) 9
10 Does electricity matter? 10
11 Background PHCN (Power Holding Company of Nigeria) 6 Generation Companies Gas-fired: Afam, Sapele, Ughelli, Geregu Hydro-electric: Shiroro, Kainji (including the Jebba power station) Transmission network (330kV and 132kV) operated by the Transmission Company of Nigeria (TCN) Eleven distribution companies NIPP (National Integrated Power Project) 10 generation plants to be privatized Total Production of Power Installed capacity of ~6,900MW in 2010 Available capacity of ~3,500MW
12 Background Tariffs Comparison of Nigeria to other countries in West Africa * - Average estimated cost of self-generation ^ - old regulated tariff Source: Presidential Task Force on Power (2011)
13 Distribution Losses Distribution Losses very high (estimated at 50%) Lack of predictable power large cost to economy
14 Background 1972: Creation of National Electric Power Authority Merger of Electricity Corporation of Nigeria and the Nigeria Dams Authority 1999: Of 79 generating units only 19 operational Average generating capacity of 1,750 MW less than the available capacity in 1970 Per capita electricity consumption at 125kWh System losses at 50% Over-sized workforce Aged and overloaded transmission and distribution network
15 Presentation Outline Background of the Power Sector in Nigeria Basis for Transaction Sector Reform Transaction Implementation Outcome
16 Legal Basis and Policy 2005: Electric Power Sector Reform Act (EPSRA) Enacted Legislate and frame the reform Establishment of Nigeria Electricity Regulatory Commission (NERC) Break up of NEPA into PHCN Successor Companies 6 generation companies 11 distribution companies 1 transmission company 2010: Roadmap for Power Sector Reform released by President Goodluck Jonathan Re-invigorate the reform process Remove remaining legal, commercial and regulatory hurdles to private sector investment January 2011: Appointment of CPCS - Beginning of the power transaction
17 January 2011 Framework and Plans Privatization The four existing gas-fired gencos would be sold through share sale of at least 60% of ownership The two existing hydro companies would remain government property but would be concessioned to private operators on long term concessions The 11 distribution companies would be sold to private investors following the approach used in Delhi The transmission company (TCN) would be managed under a management contract Liabilities all existing liabilities of the 17 companies would be stripped out and held by government (NELMCO) Staff all staff would be retrenched and paid off including pension obligations PPAs each generating company would contract with each distribution company
18 Problem Areas and Concerns Government would change its mind and abandon the exercise Credible bidders would not invest in Nigeria We could not run a transparent transaction in Nigeria There was not enough equity or debt $ available Organized labour would block the process The generator lobby would block the process
19 Big Unresolved Problem Areas Consumer tariffs were not high enough to pay the costs of generation, transmission and distribution Gas pricing, gas supply agreements and gas transport agreements were all based on nonviable domestic supply obligations PPAs with new private discos: Excessive risk for generating companies and inability to attract multilateral guarantees
20 Presentation Outline Background of the Power Sector in Nigeria Basis for Transaction Sector Reform Transaction Implementation Outlook
21 Commercialising the Power Sector The problems were not traditional transaction advisory problems but really depended on reform and commercialisation of power sector Our work was extended to design a commercial framework from gas to the final consumer that would facilitate private investment at every stage We analysed the commercial risks throughout the entire value chain and advised on the correct allocation of risks
22 Commercialising the Power Sector Gas Sale and Aggregation Agreement (GSAA) Genco & major gas producer (seller) & GACN (facilitators) re: sale of pipeline gas to power station Gas Transportation Agreement (GTA) Power Purchase Agreement (PPA) Vesting Contract (VC) Grid Connection Agreement (GCA) Transmission Use of System Agreement (TUOS) Ancillary Services Agreement NGC & Genco re: pipeline transport of gas from seller to plant IPP/NIPP plant/phcn SCs & NBET/other power purchaser re: sale of power Disco & NBET re: amount required of generation capacity required to be sold to discos from SCs/IPP/NIPP TCN & Genco/Disco/Eligible Customer re: connection charges and charges to use transmission system Disco and TCN re: wheeling of electricity from the generation company to distribution company SO & Gencos re: supply of power to ensure secure power system
23 Key Considerations for Agreements Minimum payments and fixed versus variable payments in various documents Gas: take or pay provisions, connection, etc PPA: capacity vs. energy payments Transmission: connection and wheeling charges, payments for ancillary services Retail: connection fees vs. energy payments Licensing and Tenor of agreements Force Majeure and Termination provisions between contracts Payment terms
24 Commercialising the Power Sector Not Simple, most agreements/contracts were under agencies separate from our client GACN/ Gas Suppliers NGC TCN NBET NERC TUOS PPA Market Rules GSAA GTA GCA Tariff ASA VC Final Approvals
25 Solutions: Tariff Restructuring A key part of the reform process is the design and implementation of a cost reflective tariff NERC chose to implement a cost plus tariff, allowable costs are preestablished by regulator through consultation with market participants CPCS aided the regulator in reviewing tariff model, provided comments in order to support private sector investment Average Tariff went from approx. 6 cents to 13 cents per KWh Ministry of Finance Set up 2 year subsidy to help phase in new tariff Earlier in the year the government had been forced to back track on an increase in the price of petrol but the increase in power tariffs was not a public issue
26 Solutions: Development of Gas Supply Gas Price: Phased move from Domestic Supply Obligations (DSOs) to export parity by end of 2014 Gas Aggregation Company of Nigeria (GACN) Incorporated to manage the implementation of domestic gas supply obligation and act as intermediary between suppliers and purchasers of gas National Gas Company (NGC) Owns main pipeline system for transmission of gas Subsidiary of Nigeria National Petroleum Corporation
27 Solutions: Credible Offtaker New entity required to purchase power (credit worthy offtaker) and sell to the pool of discos Nigeria created a new parastatal - the Nigerian Bulk Electricity Trading Company (NBET)
28 NBET- Credit Enhancement Existing Existing Existing GenCo1 GenCo2 GenCo3 New IPPs GenCo4 GenCo5 GenCo6 IPPs IPPs IPPs POWER PURCHASE AGREEMENTS PPAs BULK TRADER (NBET) Additional Capacity Eligible Customers VESTING CONTRACTS DisCo 1 DisCo 2 DisCo 3 DisCo 4 DisCo 5 DisCo 6 DisCo 7 DisCo 8 DisCo 9 DisCo 10 DisCo 11
29 Presentation Outline Background of the Power Sector in Nigeria Basis for Transaction Sector Reform Transaction Implementation Outlook
30 Transaction Process International competitive tender process Request for EOIs issued in January 2011 Roadshow held in Lagos, Dubai, London, New York and Johannesburg 331 EOIs received 207 consortia were shortlisted
31 Transaction Process RFP issued on September 1, 2011 Tremendous interest from the private sector 79% of firms shortlisted purchased the bid documents Short Listed Firms Purchasing Bid Documents Percentage Hydro % Thermal % Distribution % Total %
32 Transaction Documents Four main transaction agreements Bidders commented on draft documents during bid phase Bidders submitted initialled final documents with their bids This eliminated any substantive negotiations and strongly reduced timeline between declaration of Preferred Bidder and execution of agreements
33 Transaction Process 60,000+ document views in the virtual data room Site visits held in late 2011 over a three-month period Final bids received in July, Gencos 25 bids 11 Discos 54 bids Financial opening and preferred bidder announced in October 2012 Transaction and industry agreements signed in February 2013 Completion and Handover November 1, 2013
34 Results $2.4 billion paid by investors in year 1 (excluding future concession fees or sale of retained equity) Investment in rehabilitation and expansion will be approximately $4 billion over the next 5 years 5 year target: reduce distribution losses from 45% to 15% on average Increase generation by 2,000 MW
35 Presentation Outline Background of the Power Sector in Nigeria Basis for Transaction Sector Reform Transaction Implementation Take-Aways for Tanzania
36 Of Note Very long process nearly ten years since the EPSR Act was passed The fruits of the labour will be evident in two to five years: Increase in available capacity Fewer disruptions in power service Training for employees NIPP Transactions to be concluded in 2014 will add approx. 5,000 MW of generation capacity Goal is 20,000 MW of generation capacity by 2020
37 Challenges for Long Term Success Tariff implementation has not yet been fully successful Gas availability Transmission Capacity Public Patience
38 Conclusions High level political support is absolutely essential for a successful transaction Commercial environment (value chain) must be there for transaction to complete Credit worthiness of off-taker is critical Absolute transparency with bidders and all stakeholders is the key to broad support and a quick process
39 Questions and Discussion Peter Kieran President and CEO T: x 312 F:
NIGERIAN POWER SECTOR REFORMS AND PRIVATISATION. By Bolanle Onagoruwa Director General, Bureau of Public Enterprises
NIGERIAN POWER SECTOR REFORMS AND PRIVATISATION By Bolanle Onagoruwa Director General, Bureau of Public Enterprises A Presentation to the West African Power Industry Convention November 2011 Outline Introduction
More informationPresentation to the Ethiopia Government Delegation to Canada on PPP. Peter Kieran May 15, 2014 Ottawa, Ontario
Presentation to the Ethiopia Government Delegation to Canada on PPP Peter Kieran May 15, 2014 Ottawa, Ontario Overview Who is CPCS? Public-Private Partnerships / Transaction Advisory Services Example:
More informationUpdate on the Roadmap for Nigerian Power Sector Reform
Update on the Roadmap for Nigerian Power Sector Reform Uzoma D. Achinanya Senior Special Assistant to the President of Nigeria on Electricity Distribution and Market Operations Outline Overview of the
More informationThe Role of the Bulk Trader in the Transitional Electricity Market and Off-take Security
1 The Role of the Bulk Trader in the Transitional Electricity Market and Off-take Security Presented by Rumundaka Wonodi Bankers Committee and BPE Technical Workshop May 25, 2011 2 Outline Background Bulk
More informationIPP Project Development
IPP Project Development AFRICA UTILITY WEEK CONFERENCE Yesufu Longe Alonge Head, Power Procurement & Power Contracts And Dr. Nnaemeka Ewelukwa General Counsel & Company Secretary May 13, 2013 1 Outline
More informationOPPORTUNITIES IN THE ON-GRID RE SECTOR IN NIGERIA
OPPORTUNITIES IN THE ON-GRID RE SECTOR IN NIGERIA by Yesufu Longe Head, Power Procurement & Power Contracts June, 2016 Outline History How NBET Works Tenders & Auctions International & Local Investment
More informationNigeria Power Guide. Volume 1, 2012 Edition. Inside this Guide 1. POWER SECTOR OUTLOOK
Volume 1, 2012 Edition 1. POWER SECTOR OUTLOOK Inside this Guide POWER SECTOR OUTLOOK 1 REGULATORY FRAMEWORK 2 Power Sector Road Map aspiration 40,000 MW by 2020 Current Daily Peak Delivery 4300 MW ( ±
More informationA HIGH LEVEL RED FLAG REVIEW OF THE NIGERIAN ELECTRIC SUPPLY INDUSTRY
A HIGH LEVEL RED FLAG REVIEW OF THE NIGERIAN ELECTRIC SUPPLY INDUSTRY Gbite Adeniji March 21, 2014 INTRODUCTION 25-Mar-14 2 GAS PRODUCER NBET POWER PURCHASE AGREEMENT GENCO/IPP TRANSMISSION [TCN = MO &
More informationFEDERAL REPUBLIC OF NIGERIA POWER SECTOR RECOVERY PROGRAMME:
FEDERAL REPUBLIC OF NIGERIA POWER SECTOR RECOVERY PROGRAMME: 2017 2021 JANUARY 2018 1 TABLE OF CONTENTS ABBREVIATIONS AND ACRONYMS... 4 1. EXECUTIVE SUMMARY... 6 1.1. INTRODUCTION... 6 1.3. WHAT IS THE
More informationExecutive Summary Federal Government Economic Recovery and Growth Plan Power Sector Reforms Power Sector Constraints and Challenges
Executive Summary Federal Government Economic Recovery and Growth Plan Given the critical role of power supply in socio-economic development and the development of all sectors of Nigeria s economy, the
More informationInvestment Opportunities in the Nigerian Public Enterprise Reform & Privatisation Programme APRIL 17-20
Profile Alex Okoh Director General/CEO of the Bureau of Public Enterprises (BPE). Prior to his appointment, he was Managing Partner, Ashford & McGuire Consulting Limited. 32 years experience in the banking
More informationELECTRICITY REGULATORY COMMISSION
NIGERIAN ELECTRICITY REGULATORY COMMISSION RULES FOR THE INTERIM PERIOD BETWEEN COMPLETION OF PRIVATISATION AND THE START OF THE TRANSITIONAL ELECTRICITY MARKET (TEM) 2013 NIGERIAN Regulation No: NERC-Ol13
More informationIFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution
IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:
More informationTgenerating station in the country was built in Lagos.
HISTORY OF THE NIGERIAN ELECTRICITY SUPPLY INDUSTRY (NESI): he evolution of the Nigerian Electricity Supply Industry (NESI) can be traced to 1896 when the first power Tgenerating station in the country
More informationAJUMOGOBIA & OKEKE. Nigerian Energy Sector: Legal & Regulatory Overview (2015) Nigerian Energy Sector_155x235.indd 1 02/07/ :18:33
AJUMOGOBIA & OKEKE Nigerian Energy Sector: Legal & Regulatory Overview (2015) Nigerian Energy Sector_155x235.indd 1 02/07/2015 17:18:33 a&o 2 Nigerian Energy Sector_155x235.indd 2 02/07/2015 17:18:34 a&o
More informationPOWER SECTOR RECOVERY PROGRAM
POWER SECTOR RECOVERY PROGRAM FEDERAL GOVERNMENT OF NIGERIA MARCH 2017 DRAFT FINAL TABLE OF CONTENTS 1 Executive Summary 2 Introduction 3 The Challenge 4 The Plan 5 World Bank Group 6 Action Plan 7 Appendix
More informationPROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE
PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No: PIDA46436 Project Name Region Country Lending Instrument Project ID Borrower(s) Implementing Agency Environmental Category Date PID Prepared/Updated
More informationDeveloping the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager
Developing the Power Sector through Private Investment in Mongolia Edgar Saravia Program Manager October 2008 Setting the Context Government of Mongolia ( GoM ) wishes to introduce PSP in power generation
More informationECONOMIC CONSULTING ASSOCIATES LIMITED 41 Lonsdale Road London NW6 6RA UK tel +44 (0) / fax +44 (0)
Ghana Power Sector Review of Reform Programme Ray Tomkins (ECA) ECONOMIC CONSULTING ASSOCIATES LIMITED 41 Lonsdale Road London NW6 6RA UK tel +44 (0)20 7604 4545 / fax +44 (0)20 7604 4547 www.eca-uk.com
More informationREGULATIONS FOR INVESTMENTS IN ELECTRICITY NETWORKS IN NIGERIA 2015
REGULATIONS FOR INVESTMENTS IN ELECTRICITY NETWORKS IN NIGERIA 2015 REGULATION NO: NIGERIAN ELECTRICITY REGULATORY COMMISSION In exercise of its powers to make Regulations conferred by Section 96 (1) &
More informationPROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB6841. I. Project Context
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Name Region Country PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report
More informationPeter Wright. Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity. Simmons & Simmons March 2015
Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity Peter Wright Simmons & Simmons March 2015 Meeting the cost of Green Energy When renewables first emerged
More informationRegulatory Issues in the Downstream Gas Sector and Emerging Electricity Supply Industry in Nigeria
International Association for Energy Economics 33 Regulatory Issues in the Downstream Gas Sector and Emerging Electricity Supply Industry in Nigeria By Tade Oyewunmi* Introduction Securing a reliable,
More informationFACILITATING ACCESS TO FINANCE FOR INFRASTRUCTURE PROJECTS: ESTABLISHING DEDICATED INSTITUTIONS
INDONESIA INFRASTRUCTURE GUARANTEE FUND (IIGF) FACILITATING ACCESS TO FINANCE FOR INFRASTRUCTURE PROJECTS: ESTABLISHING DEDICATED INSTITUTIONS United Nations Economic And Social Commission For Asia And
More informationLIGHT INSIDE THE EXPERIENCE OF INDEPENDENT POWER PRODUCERS IN NIGERIA
LIGHT INSIDE THE EXPERIENCE OF INDEPENDENT POWER PRODUCERS IN NIGERIA LIGHT INSIDE: THE EXPERIENCE OF INDEPENDENT POWER PRODUCERS IN NIGERIA ANTON EBERHARD KATHARINE NAWAAL GRATWICK January 2012 INFRASTRUCTURE
More informationROADMAP POWER SECTOR REFORM
THE PRESIDENCY FEDERAL REPUBLIC OF NIGERIA ROADMAP FOR POWER SECTOR REFORM (A CUSTOMER-DRIVEN SECTOR-WIDE PLAN TO ACHIEVE STABLE POWER SUPPLY) PRESIDENTIAL ACTION COMMITTEE ON POWER (PACP) Dr. Goodluck
More informationMULTI-YEAR TARIFF ORDER
MULTI-YEAR TARIFF ORDER FOR THE DETERMINATION OF THE COST OF ELECTRICITY GENERATION FOR THE PERIOD 1 JUNE 2012 TO 31 MAY 2017 Nigerian Electricity Regulatory Commission 1 ST JUNE 2012 Table of Contents
More informationAnalysis: The Nigeria Energy Sector 2018
Analysis: The Nigeria Energy Sector 2018 Synterra Energy (Nig) Ltd Femi Ogunkolati CEO Synterra Energy Page 1 of 21 INTRODUCTION Synterra Energy has undertaken an analysis of the Nigerian power sector
More informationNigerian Power Sector Is there light at the end of the tunnel?
1 Executive Summary In this report, we initiate a coverage of the Nigerian power sector with reviews and insights into developments in the post-privatization era. In 2013, Nigeria commenced a comprehensive
More informationPower Sector Reform and Investment Comparing Uganda with Kenya and Tanzania
Power Sector Reform and Investment Comparing Uganda with Kenya and Tanzania Prof Anton Eberhard Management Program in Infrastructure Reform and Regulation University of Cape Town Drivers for utility reform
More informationMeeting Africa s Power Challenges
Meeting Africa s Power Challenges @AntonEberhard Prof Anton Eberhard Management Program in Infrastructure Reform and Regulation University of Cape Town Outline 1. Africa s power challenges 2. The response:
More informationRegional Power Market Challenges and Opportunities from Nepalese perspective
Regional Power Market Challenges and Opportunities from Nepalese perspective Hitendra Dev Shakya Director, Power Trade Department, Nepal Electricity Authority Outline of the Presentation 1. Energy sector
More informationBoosting Infrastructure Financing through Risk Mitigation Instruments
Boosting Infrastructure Financing through Risk Mitigation Instruments Financing Sources for Public-Private Partnerships Forum Kuala Lumpur, 25 November 2015 Dr Armand Hermawan CFO Indonesia Infrastructure
More informationPort Development and Growth Trends. In the ASEAN region. 13 th ASEAN Ports and Shipping, Indonesia June 2015 maritime & transport business solutions
Port Development and Growth Trends In the ASEAN region 13 th ASEAN Ports and Shipping, Indonesia June 2015 maritime & transport business solutions Agenda Introduction to MTBS ASEAN Market & Port Developments
More informationOlufunke Jones Country Head, Power and Energy Ecobank Nigeria
Olufunke Jones Country Head, Power and Energy Ecobank Nigeria Our Major Focus West Africa Energy Outlook Emerging Scenarios Nigeria: A Case Study Power for all: Next Steps for the Sub-Region Power Infrastructure
More informationRegional Liquidity Support Facility Mitigating risks for private investments in Renewable Energy in Sub-Sahara Africa.
Regional Liquidity Support Facility Mitigating risks for private investments in Renewable Energy in Sub-Sahara Africa January 2015 Agenda 1 2 Unlocking the RE Potential in Sub-Sahara Africa Regional Liquidity
More informationGET FIT Programme. Energy Sector Working Group. Maputo, 25 May Julia Crause Infrastructure, Southern Africa KfW Development Bank
GET FIT Programme Energy Sector Working Group Maputo, 25 May 2016 Julia Crause Infrastructure, Southern Africa KfW Development Bank Agenda 1 GET FIT Uganda Results and Approach 2 Potential GET FiT Programme
More informationNIGERIAN INFRASTRUCTURE DEBT FUND (NIDF)
INVESTMENT OPPORTUNITY IN INFRASTRUCTURE FUND January, 2019 Summary: Description MBC Securities Limited is pleased to introduce to you a unique investment opportunity in the SEC and PENCOM approved, Nigerian
More informationNERC/NOPR/CN04606 NIGERIAN ELECTRICITY REGULATORY COMMISSION PUBLIC NOTICE
NERC/NOPR/CN04606 NIGERIAN ELECTRICITY REGULATORY COMMISSION PUBLIC NOTICE NOTICE OF PROPOSED RULEMAKING ON POWER PURCHASE AGREEMENTS FOR CAPTIVE CUSTOMERS In exercise of power conferred under Section
More informationNigeria Power Series - Part 2: Unlocking Financing for Developing Independent Power Projects in Nigeria
dentons.com Nigeria Power Series - Part 2: Unlocking Financing for Developing Independent Power Projects in Nigeria Briefing Note: December 2016 Contacts Dominic Spacie Partner Dentons UKMEA LLP One Fleet
More informationDraft PPP Policy Outline
Note 7 May 2012 Draft PPP Policy Outline This note is the seventh in a series of notes on developing a comprehensive policy, legal, and institution framework for public-private partnership (PPP) programs.
More informationKENYA S PPP EXPERIENCE AND PIPELINE PROJECTS
KENYA S PPP EXPERIENCE AND PIPELINE PROJECTS AFRICAN CONFERENCE ON PUBLIC PRIVATE PARTNERSHIP 6-7 DEC 2012 SPEKE RESORT, KAMPALA, UGANDA Presentation By ENG STANLEY K, KAMAU HEAD OF PUBLIC PRIVATE PARTNESRSHIPS,
More informationReforming Power Markets: Lessons from Five Developing Countries presented at: World Forum on Energy Regulation Rome, 6 October 2003
Reforming Power Markets: Lessons from Five Developing Countries presented at: World Forum on Energy Regulation Rome, 6 October 2003 David G. Victor Program on Energy and Sustainable Development Stanford
More informationStrategy #1: Partnering with the Private Sector through PPP. EY Infrastructure Advisory. October 2017
Strategy #1: Partnering with the Private Sector through PPP EY Infrastructure Advisory October 2017 EY Infrastructure Advisory Page 2 EY s Infrastructure Advisory and Project Finance Advisory Capabilities
More informationPaving the Way for Public-Private Partnerships in Sub-Saharan Africa Cameroon s Power Sector Example: Kribi 216 MW Gas-fired Power Plant
Paving the Way for Public-Private Partnerships in Sub-Saharan Africa Cameroon s Power Sector Example: Kribi 216 MW Gas-fired Power Plant Alain Ebobisse Chief Investment Officer, IFC Global Infrastructure
More informationPublic Private Partnerships IFC s Global Experience
Public Private Partnerships IFC s Global Experience Martin Spicer Principal Investment Officer Municipal Fund International Finance Corporation Moscow, February 10, 2005 1 Presentation Outline Introduction
More informationOpportunities & Challenges by. Nadeem Babar Orient Power Company Ltd. November 2015
Opportunities & Challenges by Nadeem Babar Orient Power Company Ltd November 2015 1 The Opportunity Market offers long term opportunities of growth for those who understand the risks Half of Power produced
More informationPhilippines Natural Gas Master Plan Transaction Structure Phase Two Public Consultation 20 th March Prepared for: Supported by: Prepared by:
Philippines Natural Gas Master Plan Transaction Structure Phase Two Public Consultation 20 th March 2014 Prepared for: Supported by: Prepared by: Disclaimer The World Bank commissioned the study, supported
More informationProject Development Under PPPs
Project Development Under PPPs Presented by: Afzal Dar Senior Infrastructure Specialist Infrastructure Project Development Facility (IPDF) afzal.dar@ipdf.gov.pk Outline Understanding PPPs- what they are;
More informationPUBLIC PRIVATE PARTNERSHIP IN NEPAL. Sushil Bhatta Member, National Planning Commission Government of Nepal
PUBLIC PRIVATE PARTNERSHIP IN NEPAL Sushil Bhatta Member, National Planning Commission Government of Nepal 1 Outline Context Role of PPP in Infrastructure Evolution of Legal Framework for PPP PPP Practice
More informationFinancial and Operating Highlights
Orca Exploration Group Inc. PO Box 3152 Road Town Tortola British Virgin Islands FOR IMMEDIATE RELEASE 27 November 2008 Orca Exploration announces its results for the quarter ended 30 September 2008 TORTOLA,
More informationBy Dr. David Ige. Gas Aggregation Company Nigeria Limited (GACN) Strategic Aggregator. Roles and Functions In the Nigerian Domestic Gas Market
By Dr. David Ige Gas Aggregation Company Nigeria Limited (GACN) Strategic Aggregator Roles and Functions In the Nigerian Domestic Gas Market OVERVIEW OF THE GAS SECTOR The Gas Resource Base Source: Oil
More informationDirect Purchasing and PPAs 101
Direct Purchasing and PPAs 101 PPA Fundamentals Kevin Rackstraw Vice President, Customer Solutions REM Conference October 19, 2015 CFR is a Different Kind of Supplier: A Renewable Energy Integrator Our
More information83C Questions and Answers
83C Questions and Answers (2) Section 1.7.4.1 Can the Evaluation Team provide guidance on the scope and amount of information that could be requested from ISO-NE, and the expected magnitude of any associated
More informationRole of Private Equity in Urban
Role of Private Equity in Urban Infrastructure July 18, 2013 Agenda Private Equity in India An overview Indian Infrastructure opportunity Key framework facilitating Infrastructure investment Uba Urban
More informationPublic Private Partnerships. Gautrain Rapid Rail Link. in St Petersburg. World Bank Institute. CEO: Gautrain Management Agency
Public Private Partnerships in St Petersburg Gautrain Rapid Rail Link World Bank Institute Jack van der Merwe (Pr.Eng) CEO: Gautrain Management Agency 07-08 December 2007 Why Gauteng... why Gautrain? The
More informationMorocco s experience in financing solar projects
Morocco s experience in financing solar projects February 5, 2019 1 Morocco s Energy Strategy 2 RENEWABLE ENERGIES, AT THE HEART OF MOROCCO S ENERGY STRATEGY Strong will of increasing renewable energy
More informationPROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: PIDC Power Sector Recovery Performance Based Loan
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: PIDC0122348
More informationPublic-Private Infrastructure Advisory Facility (PPIAF) Presentation to Financing Renewable Energy Projects Training Program October 11, 2012
Public-Private Infrastructure Advisory Facility (PPIAF) Presentation to Financing Renewable Energy Projects Training Program October 11, 2012 1 Agenda 1. Structuring PPPs 2. What is PPIAF? 2 Agenda 1.
More informationPresentation to Investors
Presentation to Investors Improving Lives, Transforming Nigeria THIRD QUARTER, 2018 RC 611238 Disclaimer From time to time, Transnational Corporation of Nigeria Plc ( Transcorp ) and its subsidiaries (
More informationNigeria Infrastructure Building Conference 2014
Nigeria Infrastructure Building Conference 2014 May 2011 Project Finance as a viable option for financing Infrastructure Projects P R E P A R E D B Y: Helen Brume Divisional Head, Power, Infrastructure
More informationREQUEST FOR FINANCING PROPOSALTO ACT AS LETTER OF CREDIT (L/C) ISSUING BANK SUPPORTED BY A PARTIAL RISK GUARANTEE (PRG) FROM THE AFRICAN DEVELOPMENT
REQUEST FOR FINANCING PROPOSALTO ACT AS LETTER OF CREDIT (L/C) ISSUING BANK SUPPORTED BY A PARTIAL RISK GUARANTEE (PRG) FROM THE AFRICAN DEVELOPMENT FUND (ADF) IN SUPPORT OF THE 105MW MENENGAI GEOTHERMAL
More informationKey lessons from South Africa s Renewable Energy IPP Programme
Key lessons from South Africa s Renewable Energy IPP Programme Management Program in Infrastructure Reform and Regulation University of Cape Town Competitive tenders for RE IPPs 2011 DoE issued RfP for
More informationInnovation Solutions. Company Profile
Innovation Solutions Company Profile 2017-2018 About Us Al Yaquob Associates is a consulting office, founded in 2017, in Al Khobar, Saudi Arabia to offer investment and business consulting, financial advisory
More informationInvestment for African Development: Making it Happen
NEPAD/OECD INVESTMENT INITIATIVE Imperial Resort Beach Hotel Kama Hal, Entebbe, Uganda 25-27 May 2005 Investment for African Development: Making it Happen Roundtable organised under the joint auspices
More informationScaling up investment in Infrastructure: The Indian experience
Scaling up investment in Infrastructure: The Indian experience - Gajendra Haldea November 30, 2010 IMF, Washington Infrastructure Deficit Power 14% peaking deficit and 11% energy shortage; 27% T&D losses;
More informationENERGY INVESTMENT FACILITATION: THE EXPERIENCE OF BURKINA FASO. INVEST IN BURKINA FASO Km² of Investment opportunities
ENERGY INVESTMENT FACILITATION: THE EXPERIENCE OF BURKINA FASO INVEST IN BURKINA FASO 274 200 Km² of Investment opportunities Agenda INTRODUCTION CURRENT SITUATION OF THE ENERGY SECTOR IN BURKINA FASO
More informationStatus of the Liberian Power Sector & Future Plans. EG Team/Liberia December 15, 2008
Status of the Liberian Power Sector & Future Plans EG Team/Liberia December 15, 2008 1 Liberia: Key Statistics Capital: Monrovia Area: 111,369 sq. km. Population: 3.5 million GDP: $631 million Real GDP
More informations: and Website:
Professor Paul Obo IDORNIGIE, PhD, FCIS, MCIArb Nigerian Institute of Advanced Legal Studies Supreme Court Complex, Nigeria Phones: +234-803-311-4797, +234-809-711-4965 Emails: idornigie@hotmail.com, prof@paulidornigie.org
More informationS E C T I O N. two. Power
S E C T I O N two Power 32 VOLUME 15: EXAMPLES OF SUCCESSFUL PUBLIC-PRIVATE PARTNERSHIPS 3 Nationwide Water and Power, Gabon P R O J E C T S U M M A R Y In July 1997, the Government of Gabon signed a 20-year
More informationPROJECT COSTS, ECONOMICS, AND OTHER PUBLIC INTEREST CONSIDERATIONS
Filed: September, 00 EB-00-0 Schedule Page of PROJECT COSTS, ECONOMICS, AND OTHER PUBLIC INTEREST CONSIDERATIONS This set of exhibits describes the costs of the proposed facilities and the economics of
More informationFRASERS NEWSLETTER - AUGUST 2017
FRASERS NEWSLETTER - AUGUST 2017 In this edition of our newsletter we report on: (iii) (iv) (v) new decree on corporate governance for public companies; a draft decree on trade promotion; a draft decree
More informationWEST AFRICA REGIONAL MINING FORUM, CONAKRY, GUINEA
WEST AFRICA REGIONAL MINING FORUM, CONAKRY, GUINEA Creating Enabling Environment for Infrastructure Development For Large-scale Mining William Bulmer, Associate Director, Head of Mining Division, IFC February
More informationLONG TERM FINANCE AND RISK ALLOCATION ENHANCING ENERGY INFRASTRUCTURE AS AN ASSET-CLASS IN BRAZIL
LONG TERM FINANCE AND RISK ALLOCATION ENHANCING ENERGY INFRASTRUCTURE AS AN ASSET-CLASS IN BRAZIL LONG-TERM FINANCING AND RISK ALLOCATION THE SCOPE OF OUR ANALYSIS THIS POSITION PAPER WILL FOCUS ON ISSUES
More informationTOWARDS A COMPETITIVE ELECTRICITY MARKET: THE BERTHING OF ELIGIBLE CUSTOMERS
TOWARDS A COMPETITIVE ELECTRICITY MARKET: THE BERTHING OF ELIGIBLE CUSTOMERS www.templars-law.com TOWARDS A COMPETITIVE ELECTRICITY MARKET: THE BERTHING OF ELIGIBLE CUSTOMERS One overarching objective
More informationThe policy and regulatory aspects of a bankable solar power project. Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner
The policy and regulatory aspects of a bankable solar power project Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner Contents 1. The restriction of subsidies and policy priorities. 2.
More informationInfrastructure Finance
www.pwc.com/ke Infrastructure Finance Uncertainty and Change in Sub-Saharan Africa Infrastructure finance Uncertainty and change in Sub-Saharan Africa Traditional finance models have faltered in the wake
More information9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy
Standard d Bank Group Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa Strategy 1 What is our strategy? To build a leading emerging markets financial services organisation
More informationGlobal Project Finance Alert
Global Project Finance Alert March 20, 2018 Project Finance: Structuring for Success Mini-Summary This Practice Note considers the meaning of the term structure in a project finance transaction and identifies
More informationTibar Bay Port Timor-Leste
Investing in Public-Private Partnerships Tibar Bay Port Timor-Leste Project Brief Photo by ECO-STRATEGIC.COM / UN Photos by Martine Perret Important Notice This Project Brief (hereinafter referred to as
More informationFinancing Transport for
Financing Transport for Growth in Africa, Tunis, 2007 Ports Reform and Concession in Nigeria Arif Mohiuddin Principal December 3, 2007 Outline Key Reasons for Reform Involvement of CPCS Preparing for privatization
More informationRole of Power Market and Market Intermediaries in Facilitating Investments in South Asian Region
Role of Power Market and Market Intermediaries in Facilitating Investments in South Asian Region Harish Saran Executive Director PTC India Ltd. harishsaran@ptcindia.com Existing Regional Cooperation in
More informationIntroduction to Presentation &
Introduction to Presentation & Brief Discussion of Haiti Paper Silvia Alvarado de Cordoba Director, Energy Intelligence Consulting Juan A. B. Belt Senior Associate (non-resident), Center for Strategic
More informationIPP TRANSACTION ADVISOR TERMS OF REFERENCE
IPP TRANSACTION ADVISOR TERMS OF REFERENCE Terms of reference for transaction advisor services to the Government of [ ] for the [insert description of the project] (the Project ). Contents 1. Introduction
More informationAfrica Power Reform and Prices
Africa Power Reform and Prices Tjaarda P. Storm Van Leeuwen, AFTEG Vivien Foster, AFTSN Maria Shkaratan, AFTSN Energy Week, March 31-April 2, 2009 Word Bank Washington, DC Africa Infrastructure Country
More information* In terms of revised accounting standards, the R91m discount arising on the issue of shares to
Annexure Interim Results Summary 1 R Year-end June Income Statement H1 27 Unaudited H2 26 Unaudited H1 26 Unaudited as restated Revenue 4 4 824 2 955 4 2 99 321 Operating margin % Operating profit 3,4%
More informationPower Sector Reform India The Long Road Ahead
Power Sector Reform India The Long Road Ahead Rahul Tongia Department of Engineering & Public Policy/ School of Computer Science University February 19, 2003 2 Outline Overview of the Indian power sector
More informationFortum in Russia. Tapio Kuula. Senior Vice President Fortum Corporation. Capital Markets Day
Fortum in Russia Tapio Kuula Senior Vice President Fortum Corporation Capital Markets Day Stockholm, 4 June 2007 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe
More informationUSAID-Funded Nepal Hydropower Development Project (NHDP)
USAID-Funded Nepal Hydropower Development Project (NHDP) Hydropower Financing: Traditional Project Finance, EPC and EPC-F Name of Facilitator: Sreeram Pethi Designation: Senior Financial Advisor Date:
More informationPIDA. Work Based Project Focus for IS4D-- Per Learning Agreement. Agency. WBP Milestone or Output Progress June Corridor
Beira-Nacala Rail Corridor PIDA Corridor Agency Work Based Project Focus for IS4D-- Per Learning Agreement WBP Milestone or Output Progress June 2015 Feasibility studies for Malawi Railway Rehab & Reconstruction
More informationFinancial and Operating Highlights
Orca Exploration Group Inc. PO Box 3152 Road Town Tortola British Virgin Islands FOR IMMEDIATE RELEASE 28 April 2009 Orca Exploration announces its results for the year ended 31 December 2008 TORTOLA,
More informationUSAID-Funded Nepal Hydropower Development Project (NHDP)
USAID-Funded Nepal Hydropower Development Project (NHDP) Electricity Regulatory Commission and the Emerging Legal, Policy, and Regulatory Framework for Hydropower in Nepal Arun Anandan Regulatory Advisor
More informationFinancing of Photovoltaic Projects
Energy Financing of Photovoltaic Projects Status and Perspectives Robert Markus Feldmann Deloitte & Touche Corporate Finance GmbH http://www.renewables-made-in-germany.com/ Content 1. Introduction to Photovoltaic
More informationInvestor presentation
Investor presentation February 2018 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to
More informationPower Sector Reform: Second Development Policy Credit Region
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROGRAM INFORMATION DOCUMENT (PID) APPRAISAL STAGE April 2, 2015 Report No.: 99908 (The
More informationEarnings Conference Call
Exhibit 99.2 Earnings Conference Call Second Quarter 2015 Cautionary Statement Information Current as of July28, 2015 Except as expressly noted, the information in this presentation is current as of July28,
More informationPortland General Electric
Exhibit 99.2 Portland General Electric Earnings Conference Call Third Quarter 2018 Cautionary Statement Information Current as of October 26, 2018 Except as expressly noted, the information in this presentation
More informationINVESTMENT OPPORTUNITIES in Central Asia Power Sector
INVESTMENT OPPORTUNITIES in Central Asia Power Sector Business Mission to Kazakhstan Almaty - Kazakhstan September 5, 2017 Pedro Robiou Senior Energy Specialist FOR DISCUSSION ONLY. The opinions expressed
More informationOando Plc. YTD September 2011 Conference Call October, YTD Sept 2011 Conference Call 1
Oando Plc ember 2011 Conference Call October, 2011 2011 Conference Call 1 Cautionary Statement ne The information presented herein is based on sources which Oando Plc ( Oando ) regards dependable. This
More informationINTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROJECT APPRAISAL DOCUMENT ON A PROPOSED SERIES OF PARTIAL RISK GUARANTEES
Public Disclosure Authorized Document of The World Bank Report No: 82664-NG Public Disclosure Authorized Public Disclosure Authorized INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROJECT APPRAISAL
More information