africa appg- the emerging africa infrastructure fund- a policy success story

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A policy success story Julia Prescot, Non-Executive Director, Emerging Africa Infrastructure Fund All Party Parliamentary Group on Africa Meeting House of Commons, 22 March 2016

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Page 1: Africa APPG- The Emerging Africa Infrastructure Fund- a policy success story

A policy success story

Julia Prescot, Non-Executive Director, Emerging Africa Infrastructure Fund

All Party Parliamentary Group on Africa Meeting

House of Commons, 22 March 2016

Page 2: Africa APPG- The Emerging Africa Infrastructure Fund- a policy success story

EAIF at a glance – a policy success story

• Established 2002: part of multi-nation PIDG mechanism• Poverty reduction core objective• Long term loan fund for private sector infrastructure projects• Capital contributed by public and private institutions• All SSA remit, with focus on lower income and fragile states• Beyond money: financial & technical expertise and experience• Adding professional capacity in states where big project skills limited• Part of foundation for political, social and economic stability

• Funded by UK (DFID), Netherlands, Sweden and Switzerland via PIDG• And private sector banks• EAIF oldest of 7 PIDG facilities mobilising public and private capital• Sustainable energy one of EAIF’s key growth activities (Fund operates in 8 sectors)

Page 3: Africa APPG- The Emerging Africa Infrastructure Fund- a policy success story

Where we get our funds

Equity via PIDG from donor

nations

Debt from private sector and DFIs

Total current capital

US$597.7m

So far, over US$1.2 billion invested in 63

projects

Aiming for substantial increase in size in near future

A policy success story

Giving life to vital projects

Leading in renewable energy

Unlocking human potential

Dependable & tenacious

Innovative & flexible

Proven over 14 years

Enabling the means of growth

Trusted by business and governments

Page 4: Africa APPG- The Emerging Africa Infrastructure Fund- a policy success story

A better future for Kalangala

• Poor & isolated• Upgrade main road• 2 new people + car ferries• 1.6MW solar farm• Solar powered water

pumps• New 33KV power

distribution network • Opens new markets for

produce• Refrigeration option for

first time

Renewable power for Uganda

• Soroti : 10.3 MW solar

farm• One of largest in Africa to

date• EAIF loans US$5.3 million• Get Fit aids energy

affordability• Construction started Feb

2016• Enough for 40,000 homes,• Businesses, schools &

hospitals• Boosts business

confidence• Improves investment

climate

Harnessing Rwanda’s Lake Kivu

• Extracting methane• Fueling 25MW power plant• Reliable & competitively

priced• Major boost to whole

economy• Offers investment

opportunities• 60 permanent jobs• Reduced risk of naturally

occurring explosion• Safer lives, better

economic prospects

Page 5: Africa APPG- The Emerging Africa Infrastructure Fund- a policy success story

Building on success – our current project pipelineCountry Technology &

OutputCurrent installed capacity in country

Burkina Faso Solar PV 20 MW

252 MW

Uganda X 5 projects

3 Solar PV 2 Small HydroTotal 97 MW

810 MW

Mozambique Solar PV 35 MW

2,400 MW

Mali x 2 projects

Solar PV 125 MW

300 MW

Zambia Solar PV 50 MW

2,347 MW

Rwanda Solar/Hydro 20 MW

186 MW

Country Technology & Output

Current installed capacity in country

Nigeria x 2 projects Solar PV 160 MW 6000 Est operational

Sierra Leone 150 MW Hydro 100

Burundi Solar PV 7.5 MW 52

• 15 EAIF projects

• 9 countries

• 6,664 MW of sustainable, renewable energy

UK installed85,000 MW