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Partner With Power Africa
For sub-Saharan Africa the scale of investment needed to achieve universal energy access is about $15-$20 billion per year, every year, through 2030. The only way to achieve that is to use public fund to leverage private investment. Ultimately, Power Africa depends on the successful engagement of the private sector to address Africa’s energy needs.
- To date, our private sector Founding Partners have pledged to develop nearly 10 GW of critical generation projects in the five of the Power Africa focus countries, resulting in over $20 billion in investment in these countries' power sectors. (Liberia, also a focus country, is at an early stage of rebuilding its electrical power generation following the unrest that ended in 2003. Watch a video about USAID’s work to help Liberia restore its power grid here.
- Private sector partners are also focused on mini-grid and distributed power services and infrastructure, which can provide clean, reliable energy to Africa's rural populations. Commitments sum to 700,000 new households and businesses served and over $1.1 billion in investment.
- Financial partners have pledged to make available over $8 billion for financing of energy projects, through project finance, new financing facilities/platforms, and fundraising.
To jump to a partner description, please click on the partner name in the list below:
The Abraaj Group
Aeolus Kenya Ltd
Africa Infrastructure Investment Managers
African Finance Corporation
American Capital Energy & Infrastructure (ACEI)
Barclays Africa Group Limited
Geothermal Energy Association
GreenMax Capital Advisors
Harith General Partners
Husk Power Systems
IAP Worldwide Services
Initiative for Global Development
National Rural Electric Cooperative Association
Nigeria Solar Capital Partners
Orchid Business Group
Proton Energy Ltd.
U.S. Energy Association
AFCORP Investments (PTY) Ltd.
AFCORP Investments (PTY) Ltd. is a specialist Pan-African private investment banking and advisory company headquartered in Johannesburg, South Africa and with a regional office in Nairobi, Kenya. AFCORP works with investors and operating companies to develop, structure, implement, and finance growth strategies. As part of its partnership with Power Africa, AFCORP is:
- Undertaking an effort to structure, market, establish and manage a $250 million pension-backed renewable energy fund focused on funding market-based development of small- to medium-scale renewable energy ventures in East Africa.
- Committing $2 million worth of professional and technical expertise towards surveying addressable markets, conducting requisite studies and the pursuant technical analysis to incisively inform the development of a comprehensive Information Memorandum which is to be pitched to target investors, with a principal focus on local pension funds as anchor partners.
APR Energy is a global leader in fast-track large-scale power solutions headquartered in Florida, and has installed over 2.5 GW of capacity across more than 25 countries over the past decade. APR Energy is currently operating over 800MW of generation capacity on the African continent, providing power for a diverse mix of countries, including Libya, Senegal, Mali, Gabon, Angola, and Botswana, and representing a total investment by the company of nearly $500 million. In addition to plants currently in operation, APR also has executed projects in Burkina Faso, Tanzania, and Mozambique.
In support of Power Africa, APR Energy is fully committed to continue to provide fast-track large-scale bridging power solutions to Power Africa countries and elsewhere on the African continent, one of its fastest growing markets. APR commits to tripling its 800MW+ installed capacity on the continent over the next five years, bringing its installed capacity to more than 2.4GW by 2019—of which approximately half will be in Sub-Saharan Africa.
Abengoa applies innovative technology solutions for sustainability in the energy and environment sectors, with its business structured around three activities: engineering and construction, concession-type infrastructures and Industrial production. Thanks to its international vision, Abengoa operates in more than 80 countries and has a presence through local offices in more than 35 of them. Abengoa presence in Africa has grown significantly over the last decade, developing projects in Algeria, Angola, Ghana, Kenya, Libya, Mauritania, Morocco and South Africa.
Over the next several years, as part of its commitment partnership with Power Africa, Abengoa will work in coordination with utilities, partners, governments and international financial institutions to increase conventional and renewable power generation and transmission capacity in sub-Saharan Africa in order to help to achieve the goal of universal access to clean and reliable energy.
The Abraaj Group
The Abraaj Group is a leading private equity investor operating in the growth markets of Africa, Latin America, the Middle East, South Asia, South East Asia, Turkey and Central Asia. Employing over 300 people in over 25 offices, the Group manages $7.5 billion across 20 Funds. Abraaj has a proven track record of helping energy companies create value and achieve socio-economic impact, including working with utility companies to reduce load shedding, increase collections, embrace sustainability, and engage stakeholders.
- With a legacy of investing in Africa for two decades, Abraaj is a recognized pioneer among investors in Africa. Abraaj will partner with Power Africa to lead a delegation of operational experts and investors that have been involved in its energy investments to one or more of the initiatives' focus countries to identify opportunities for power utility improvement and investment.
Aeolus Kenya Ltd
Aeolus Kenya Ltd funds the development and implementation of financially viable, clean and sustainable renewable energy projects as distributed hybrid supply systems for rural areas. It also transfers managerial, financial and technological know-how and strengthens socio-economic development throughout Kenya. In support of Power Africa, Aeolus Kenya Ltd commits to:
- Begin construction of two projects by the end of 2014, the Kinangop Project, a 61 MW wind farm in Kenya and a 100 MW wind farm in Tanzania. Both projects represent an investment of $450 million.
- Expand its activities to three additional Power Africa countries, focusing on wind, solar, geothermal and natural gas.
Africa Infrastructure Investment Managers
Africa Infrastructure Investment Managers is a South Africa-based fund manager focused on African infrastructure investments with 13 years of experience in Africa and five funds under management totaling in excess of $1.3 billion. AIIM is a joint venture between Macquarie Africa (Pty) Ltd, a wholly-owned subsidiary of Macquarie Group Limited, and the Old Mutual Investment Group (South Africa) (Pty) Ltd. Over the next several years, AIIM intends to:
- Invest directly in energy projects: To advance the Power Africa goal of providing access to clean, reliable energy in Nigeria and Kenya, AIIM seeks to complete the Azura Gas Power Project - a 450 MW plant in Edo State, Nigeria, the Kinangop Wind Farm, a 60.8 MW wind power project outside of Nairobi, Kenya, and a potential gas power plant in Ghana representing a total investment of $170 million leveraging about $1.2 billion for all three projects.
- Channel local pension capital into infrastructure projects: With the possible support of US government guarantees, AIIM aims to catalyze $70 million of Nigerian Pension Fund capital into an infrastructure fund, the Nigerian Infrastructure Investment Fund 1, which will invest in infrastructure projects predominantly in Nigeria (75%) and other West African countries (25%). AIIM will leverage this with an additional $30 million from development finance institutions. AIIM will consequently raise NIIF2 a few years after that, aiming to catalyze $200 million of local Nigerian pension fund Capital and $100 million of DFI capital.
African Finance Corporation
Africa Finance Corporation (AFC) is an international finance institution established by agreement between independent African sovereign states with a mandate, inter alia, to develop and finance infrastructure projects in African countries including the six selected Power Africa countries. AFC's mission is to foster economic growth and industrial development of African countries, while delivering a competitive return on investment to its shareholders. Over the next five years, and as part of its commitment to the Power Africa Initiative, AFC intends to invest up to $250 million in the form of development capital, equity, debt, and quasi equity, including:
- To advance the Power Africa goal of providing access to clean, reliable energy across Africa, AFC seeks to complete the Cenpower (Kpone) project - a 340 MW thermal closed cycle power plant in Ghana - and finance a 30MW geothermal power project in Kenya.
- In Nigeria, AFC seeks to provide approximately US$200 million of financing to support the privatization of the Nigerian electricity sector.
- Through its involvement in the program, AFC aims to catalyze over a US$1billion in investment for energy projects in the Power Africa Countries over the next five years in terms of total project cost and co-investment opportunities. This will potentially increase access to electricity to 360 million users in these countries.
- AFC aims to provide the Power Africa Countries with access to financial, deal structuring and sector technical expertise as well as advisory services, project development capacity, and funding.
Aldwych International is an energy company active in the growing economies of Africa. Aldwych's aim is to support sustainable development and economic progress through the supply of reliable and affordable electricity, in an environmentally responsible manner.
- To advance the Power Africa initiative in West Africa, Aldwych is working to develop and construct the 450MW Azura-Edo power project in Nigeria, an investment of some $700 million.
American Capital Energy & Infrastructure (ACEI)
American Capital Energy & Infrastructure (ACEI) is part of American Capital, a private equity firm and global asset manager with $112 billion in total assets under management. ACEI was created to manage investments in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks, energy transportation assets, fuel production opportunities and product and service companies focused on the power and energy sectors.
- American Capital Energy & Infrastructure (ACEI) is part of American Capital, a private equity firm and global asset manager with $112 billion in total assets under management. ACEI was created to manage investments in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks, energy transportation assets, fuel production opportunities and product and service companies focused on the power and energy sectors.
Barclays Africa Group Limited
Barclays Africa Group Limited (Barclays Africa Group) acting through its corporate and investment banking division, provides corporate and investment banking services to large corporate, government, and institutional clients throughout the African continent. The Barclays Africa Group has an established footprint in 12 African countries (Botswana, Ghana, Kenya, Mauritius, Mozambique, Namibia, Nigeria, Seychelles, South Africa, Tanzania, Uganda and Zambia) while Barclays Bank PLC has operations in Egypt and Zimbabwe - which are an integral part of our African business and continues to be run by Barclays Africa Group’s management.
Over the next several years, as part of its commitment to Power Africa, Barclays Africa Group intends to:
- Commit a minimum of $500 million to a pipeline of proposed clean power projects in Power Africa countries that are expected to increase the quantity of power by up to 12,500 MWs (the Proposed Projects), subject to further due diligence, bankability and relevant internal approvals.
- Seek to arrange financing and/or provide advisory services in respect of the Proposed Projects, as required;
- Provide financial and sector know-how to public sector institutions in order to facilitate robust investment climates; and
- Provide continued access for Power Africa countries to a combination of best practice advisory and arranging services for both private and public debt and equity capital markets.
Black Rhino is a project developer focused on projects in the sector of energy security. Black Rhino believes that energy, power and fuel are key foundational elements to the economic development of African economies. Black Rhino operates in Ethiopia, Kenya, South Sudan and the United States of America. Over the next several years, as part of its commitment to the Power Africa Initiative, Black Rhino intends to:
- To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, Black Rhino seeks to complete the Pagak Petroleum Refinery Ltd - an integrated energy security project creating the trade of low cost fuel and low cost power between Ethiopia and South Sudan. The $2.8 billion project will be the catalyst to deliver up to 500 MW of clean energy power from Ethiopia to South Sudan at some of the lowest cost in Africa.
- Black Rhino will build the first transmission line from Ethiopia to South Sudan, capable of connecting Ethiopian's large power pool all the way to Uganda.
- "Black Rhino is proud to participate in the first regional energy security program in Africa through linking the regional economy of Ethiopia and South Sudan.
Corporate Council on Africa (CCA)
The Corporate Council on Africa is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United States and the nations of Africa. CCA is the premier American organization devoted to U.S.-Africa business relations and includes as members more than 180 companies, which represent nearly 85 percent of total US private sector investments in Africa. CCA's members range from America's smallest to largest corporations, and CCA's Board has recently invited African corporates to join CCA to foster partnerships for US trade and investment. They represent a diverse pool of industries from more than 20 key sectors, including agribusiness, energy, infrastructure, security, power, healthcare, telecommunications and finance. The US-Africa Business Center (USABC), a program of CCA launched in 2010 through a grant from USAID, will increasingly focus on clean energy and renewables in addition to supply chain development, agriculture and trade. The USABC provides a critical link between the public and private sectors to facilitate more business involvement in Africa. Since its creation, the USABC has facilitated countless private sector connections, expanded the network of companies focused on Africa and launched a new web portal that will enable it to scale up its activities and expand its reach.
- CCA and the USABC will focus efforts on increasing investment between the United States and the Power Africa countries and facilitating expanded US and African business relationships that could lead to increased deal activity in clean energy and renewables. To advance this commitment over the next 12 months, CCA and the USABC will host a series of events, including a roundtable connected to the October 2013 US-Africa Business Summit in Chicago. The US-Africa Business Summit is the largest event of its kind and has traditionally drawn 1,500 or more participants from the private sector and government.
- CCA will also play a crucial advocacy, outreach and communications role to support policy dialogue, development and implementation and will provide a platform for information, analysis and dialogue for private and public stakeholders in the sector.
- On an ongoing basis, the USABC will help familiarize US energy companies and investors with potential investment opportunities in Africa and will reach out to local African businesses working in the energy sector.
Denham Capital Management and three of its portfolio companies - Endeavor Energy Holdings, BioTherm Energy, and Fotowatio Renewable Ventures (FRV)
Denham Capital Management and three of its portfolio companies - Endeavor Energy Holdings, BioTherm Energy, and Fotowatio Renewable Ventures (FRV) - will jointly each commit under the Power Africa initiative. Denham Capital is a leading energy-focused global private equity firm advising funds with approximately $7.3 billion of invested and committed capital. Endeavor, BioTherm and FRV are all privately-owned companies focused on investing in power generation facilities in Africa that expect to operate in, among others, the following African countries: Ghana, Tanzania, Ethiopia, Kenya and Nigeria. Over the next several years, as part of their commitment to the Power Africa Initiative, Endeavor, BioTherm and FRV intend to:
- To Advance the Power Africa goal of providing access to clean, reliable energy in West Africa, Endeavor, BioTherm and FRV seek to invest in 1,000MW of power generation in West Africa - including wind power generation, solar power generation and thermal power generation, representing total investment of over $1.0 billion, with a special focus on Ghana. Endeavor seeks to provide as much as 800MW of thermal power generation in Ghana representing a total investment of over $0.8 billion.
- Endeavor, BioTherm and FRV seek to invest an additional 1,000MW of power generation in Tanzania, Ethiopia, Kenya, Liberia and Nigeria - including wind power generation, solar power generation and thermal power generation, representing an additional total investment of over $1.0 billion.
- These planned activities are expected to increase the quantity of power available to Ghana, Tanzania, Ethiopia, Kenya, Liberia and Nigeria by 2,000MWs, which has the potential to benefit roughly 2 million households and businesses or more by providing much need power generation.
dVentus is a U.S.-based renewable energy company with engineering and manufacturing operations in Ethiopia. dVentus provides full custom design and manufacturing of generators and converters for wind, small hydro, wind diesel, combined heat and power, and small electric meters and distributed management systems for smart grid technology. The company’s vision is to be a global pioneer in the development of competitive renewable energy technologies, targeting markets in Africa.
dVentus' engagements include:
- A smart meter and associated system solution for Ethiopian Utility other Regional Utility companies.
- Develop a customized 1MW Wind Turbine generator (WTG) System with public sector partners in Ethiopia that will fit the region’s unique requirements, develop a local industrial supply chain to support the manufacturing of WTGs, technology transfer and affordable renewable wind power generation in the region.
- Complete the ASSELA WIND Project – a 100 MW wind farm in Ethiopia representing a total investment of over $300 million.
- Work with EEPCO’s smart grid technology development plans by supplying 2 million smart meters in the next three years.
- Expand dVentus activities to additional 3 of the Power Africa Countries; in particular it will aim to provide access to (its advanced wind power technology) to small entrepreneurs in rural areas.
EA-Power is a renewable energy project development and implementation company and operates in Tanzania, Kenya and Uganda. Over the next several years, as part of its commitment to the Power Africa Initiative, EA-Power intends to:
- Complete the Kiwira Hydro Project - a 10 MW hydro power project in Tanzania. Upon successful completion, we will move forward to implement other projects in early stages of development, such as our wind farms in Tanzania.
- Catalyze US$ 500 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to 1,000,000 million users in these countries.
- Expand its activities across the entire East Africa region, bringing early stage financing and development expertise to provide investors a portfolio of projects to promote. These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available in East Africa by 200 MW.
EGG-energy bridges the "last mile" power distribution gap to deliver affordable, reliable, and clean energy services to off-grid homes and businesses. EGG-energy is currently building a network of solar-powered franchises that provide electrical services and act as EGG-energy representatives to their communities.
- In support of Power Africa, EGG-energy aims to expand its service provision to 50,000 households and businesses in Tanzania by 2018. To achieve a profitable scale and expand its service provision, EGG-energy intends to raise an additional $3 million in equity and debt over the next two years.
General Electric (GE) is a global leader in infrastructure technology, services and solutions. GE's business in Africa focuses on power, oil and gas, transportation, aviation and health care.
- In support of Power Africa, GE is committed to work with Governments and private partners to help bring online about 5 GW of new, affordable energy in Nigeria, Ghana, Kenya, and Tanzania. GE intends to provide technology based on a variety of fuel sources as appropriate for each project, including solar, wind and natural gas, to deliver the power, and support partners in arranging financing for these projects.
Geothermal Energy Association
Geothermal Energy Association is a trade association composed of U.S. companies who support the expanded use of geothermal energy and are developing geothermal resources worldwide for electrical power generation and direct-heat uses. As part of its commitment to the Power Africa Initiative, GEA intends to:
- Host a special session on African geothermal energy development at the GEA Geothermal Energy Expo 2013. The session on Africa will provide host country government delegates an opportunity to describe the state of geothermal energy development in their countries, their needs and allow them to meet U.S. geothermal development companies that can help them meet their development goals.
- Conduct regular outreach through its weekly newsletter, to its members about commercial opportunities to provide geothermal goods/services in East Africa, and more specifically in the Power Africa partner countries of Ethiopia, Kenya and Tanzania.
- Support the East Africa Geothermal Partnership by identifying private sector geothermal energy companies willing to provide technical assistance and training to host country governments on different geothermal technical and policy related issues.
GG Energy Holdings
GG Energy Holdings is forging innovative, sustainable energy investments with a focus on grid parity and direct private market purchase agreements with customers. GGEH leverages an extensive network of private partnerships in the target countries to develop, finance, construct and operate sustainable energy power facilities utilizing solar PV, wind, geo-thermal, bio-mass as well as natural gas technologies.
- Over the next five years, as part of its commitment to the Power Africa Initiative, GGEH intends to invest approximately $550 million in sustainable energy projects. These projects are expected to increase the quantity of power available to over 150,000 households and businesses with an estimated 325 MW.
- 150MW of distributed solar PV power plants in Tanzania, representing total investment of $200 million;
- $150 million over the next five years to enable the installation of nearly 75 MW of solar PV and bio-mass power facilities to power industrial and mining production facilities in Ghana, Kenya and Tanzania;
- In partnership with agri-processing centers, approximately $200 million to construct at least 100MW of sustainable energy logistical centers in the target countries. These power stations will not only provide electricity they will help improve the business opportunities for hundreds of farmers in the target countries.
Gigawatt Global is a solar energy developer that builds utility scale PV fields in developing nations. Gigawatt Global is active in Rwanda, Nigeria, Burundi, Ghana and South Africa.
Globeleq is focused on providing reliable power to the emerging markets of Africa and Central America. The company develops economically sustainable businesses that support the continued development of the electric power sector in these regions and actively participates in the communities in which it operates.
Since the company’s launch in 2002, it has participated in nearly 14,000 MWs in 27 countries, investing more than US$1.3 billion of equity across 44 different power projects. The company is committed to growing its asset-base by continuing to invest substantial capital to enhance performance of its existing assets and develop new power generation projects.
Goldman Sachs is a leader in the global financial services sector, and has committed to provide strategic advice to the Power Africa initiative.
- By leveraging its expertise in financing and investment, Goldman Sachs will assist the U.S. government and other partners in developing and implementing innovative and sound approaches to unlocking key constraints in the financing of energy projects in the region.
GreenMax Capital Advisors
GreenMax Capital Advisors is a leading transaction advisor focused solely on the clean energy space. At present, GreenMax’s presence in Africa includes Kenya, Tanzania, Uganda, Rwanda, Burundi, Ethiopia, Zambia, Nigeria, Ghana, Senegal, Benin, Niger, Cameroon and Burkina Faso, with plans to expand operations to other African countries. In support of Power Africa, GreenMax Capital Advisors intends to:
- Focus its transaction advisory services to catalyze over $1.6 billion in investment for our existing book of project developer clients, seeking to implement more than 1,000MW in new power generation capacity over the next five years, primarily in Nigeria, Kenya, Ghana, Rwanda and Benin;
- Double its book of transaction advisory clients in Africa to support raising capital for an additional 2,000MW of clean power generation development for new clients over the next five years; and
- Raise a $20-50 million fund to invest in the early stage development of clean energy projects in Africa.
Harith General Partners
Harith General Partners (Pty) Ltd. is a specialist Pan-African infrastructure private equity fund manager based in South Africa. The firm manages the Pan African Infrastructure Development Fund (PAIDF1), a $630 million fund that has invested just under $600 million on infrastructure across Africa. Harith is in the midst of raising its second fund, the Pan-African Infrastructure Development Fund 2 ("PAIDF2") and over the next five years, as part of its commitment to the Power Africa Initiative, Harith plans to:
- Advance the Power Africa goal of providing access to clean, reliable energy in East Africa by investing roughly $70 million in equity finance into the Lake Turkana Wind Power project, a wind farm in Kenya that is poised to provide 300 MW of clean power to the country's national electricity grid by taking advantage of a unique wind resource in Northwest Kenya near Lake Turkana;
- Inject over $500 million in equity finance into the African power sector and increase access to electricity in Power Africa countries with potential investments in projects such as Azura Power (Nigeria) and the Singida Wind Farm (Tanzania); and
- Provide the additional benefits of: reinforcing the demonstration effect of investing in innovative clean energy technology across Africa, creating approximately 70,000 direct and indirect jobs, and providing strong sector leadership and expertise.
These planned activities are expected to increase the quantity of power available to approximately 14,000 MWs and directly benefit 63 million households and businesses.
Hecate Energy develops power projects throughout planning, inception, construction and operations. The Hecate team has developed tens of thousands of megawatts of solar, natural gas, coal, hydro, wind, and biomass power plants. Hecate established Hecate Energy Africa LLC to actively pursue initial power project development efforts in Tanzania and Kenya. Over the next several years, as part of its commitment to the Power Africa Initiative, Hecate Energy intends to:
- Complete a 50 MW PV solar project selling wholesale power in Tanzania's capital city of Dodoma. Further, Hecate Energy intends to expand this effort to include several other PV solar projects with a goal of reaching 400 MW in PV solar projects installed over the next five years. The total investment for this effort will be approximately $800 million.
- Implement advanced undergraduate and graduate curricula in collaboration with first-tier U.S. research universities, as well as bring distance learning and offer vocational training centered around renewable energy to universities and technical schools in Tanzania. Hecate Energy has partnered with Tanzania's two premier institutes of higher learning: The University of Dodoma (UDOM) and the Nelson Mandela African Institute of Science and Technology.
- As part of its commitment to education and human capital growth, Hecate Energy intends to construct a 2 MW PV solar farm to serve UDOM's Medical Diagnostics Building and a 1 MW PV solar array to serve student housing at prices below current retail rates.
- Bring new PV solar projects to Kenya, and is currently assessing a 20 MW project in support of that effort which would result in a capital investment of approximately $80 million.
- Expand its activities to additional Power Africa countries and position itself as a leader in efforts to bring clean, reliable electricity to neighboring countries as well.
- These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available to Tanzania by up to 400 MW, and to provide a template for thousands of additional MW throughout the continent.
Heirs Holdings is an African investment company that invests proprietary capital for the long term in the most promising sectors on the continent that have a significant economic development impact, including financial services, healthcare, infrastructure, real estate and hospitality, agriculture, energy, and oil and gas.
- In partnership with Power Africa, Heirs Holdings will, directly and through its investee, Transnational Corporation of Nigeria Plc, invest US$2.5 billion in energy over the next five years, generating an additional 2,000 MW of power capacity in the region.
Husk Power Systems
Husk Power Systems provides end-to-end renewable energy solution by installing, operating 25-100 kW "mini power-plants" and wiring villages that deliver electricity as a "pay-for-use" service to villages. HPS has created a feedstock agnostic proprietary technology that cost-effectively converts biomass waste (e.g. rice husk, mustard husk / stem, corn cob, etc) into electricity. HPS has been operating for four years, maintains power plant's uptime of over 93% and has successfully installed 90 power plants that power over 325 villages. HPS now has its footprint in India, Nepal, Uganda and Tanzania.
- To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, HPS seeks to complete installation of decentralized 200 biomass based mini-power plants in Tanzania. These mini power plants can light 60,000 households (325,000 users) at an affordable price. Installations of these power plants represent total investment of $15 million.
- HPS aims to catalyze US$ 50 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to one million users in these countries.
- HPS aims to provide Power Africa countries with access to its proprietary biomass based technology, expertise in providing renewable and affordable power in difficult to operate rural areas.
- HPS plans to franchise its business and provide equipment and training to three hundred entrepreneurs who can then run these mini-power plants and generate a livelihood for themselves and their families.
- These planned activities are expected to increase the quantity of power available to over one million people by 50 MWs. These investments could directly benefit 250,000 households and 5,000 small businesses.
IAP Worldwide Services (IAP)
IAP Worldwide Services (IAP) is a leading provider of global-scale logistics, facilities management, and advanced professional and technical services. IAP works with government, industrial and commercial customers to solve power infrastructure needs and to bring electricity from the source to homes and businesses. IAP specializes in the areas of power systems program/project consulting and feasibility studies, turnkey engineering, procurement and construction (EPC), asset management, operations and maintenance (O&M) and, fuel management. IAP, in conjunction with its teaming partners, will endeavor to install hundreds of megawatts of power and power systems in Africa over the next ten years that could quickly exceed 500MW. These efforts would focus on:
- Providing temporary and bridge power solutions to address capacity constraints in the most rapid and economic manner possible using nature gas and other available fuels to power turbine and engine driven generators and also upgrading transmission and distribution infrastructure.
- Developing, installing, operating and maintaining permanent clean burning natural gas power plants using the latest technology to address the long term capacity constraints in the target countries.
- Installing, operating and maintaining megawatts of permanent power generation capacity utilizing American solar PV technology with the highest efficiency and durability in the industry and solar CSP technology. Other renewable power solutions such as wind, combined heat and power, desalination, and waste to energy projects can also be evaluated by IAP.
Industry Capital is a San Francisco-based private equity firm focused on investing in real assets. The firm was founded in 2003. IC is one of the few financial sponsors with a dedicated alternative energy platform and is able to play across the development value chain, from finance to actual project development and portfolio management. Over the next five years, IC and its partners intend to drive investment of over $1.5 billion dollars working with developers across multiple sectors in alternative energy in Nigeria. These investments will be centered primarily on utility scale solar projects - an IC affiliate has a 500MW pipeline of such projects; smart metering services for the recently privatized distribution companies and clean energy production by harnessing flared gas in the Niger Delta region.
Initiative for Global Development
The Initiative for Global Development is a non-profit organization that drives poverty reduction by catalyzing business growth and investment in the developing world. We bring together an influential network of senior executives from sector-leading companies with the interest and capacity to make strategic investments in high-need, high-potential areas of Africa. In support of Power Africa, IGD pledges to:
- Make its standardized documentation and "pre-fabricated package" available for Power Africa projects in 2-3 African countries.
- Work through both its network of Frontier Leaders and its Working Group on Increasing Access to Reliable Power to foster increased investment in power generation on the continent.
Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services to its client base. Investec’s Power and Infrastructure Finance team is made up of more than 50 professionals, in Africa and across the globe, who have participated in a number of power-related transactions in a variety of capacities, including advising project sponsors, arranging project debt and making equity investments for its own account. To date, Investec has supported an existing portfolio of power projects of nearly USD 2 billion, representing an installed capacity of 3,270 MW in Africa. As part of its commitment to Power Africa, Investec intends to:
- Build on our experience in the African Power sector by continuing to advise on, structure, arrange, underwrite and invest in projects in the Power Africa focus countries;
- Assist in the formation of consortia to bid on, develop, construct, and operate power generation and transmission infrastructure in Power Africa countries; and
- Provide input to government and other policymakers on the key regulatory and contractual arrangements necessary to support the growth of a private power sector.
JCM Capital is a private equity firm that focuses on the development of clean power projects that have a positive social, environmental and economic impact. JCM is currently developing a multi-billion dollar clean power portfolio that includes both utility-sized solar projects in emerging markets, with a focus in Africa and Latin America, and high voltage transmission projects in North and South America.
JCM is the general partner and manager of several private funds that invest in generation and distribution energy infrastructure assets. JCM currently has over 400MW of solar PV projects under development, as well as two 1000MW HVDC transmission lines, totaling approximately USD $4.5 billion in capital expenditure. JCM’s infrastructure division invests long-term equity in projects developed internally as well as those sourced from third parties.
Founded in 2009, JCM has completed more than 70 projects representing USD $120 million in construction and long-term equity. JCM’s management team has over 50 years of combined broad energy experience. Headquartered in Toronto, JCM has offices in Mexico City and Cape Town, South Africa.
KMR Infrastructure supplies renewable power from biomass and other renewable technologies to community mini-grids, mining sites, telecom towers, and more. The company's growing pipeline of projects addresses distributed power needs in remote locations across a portfolio of emerging and frontier markets. KMRI currently operates in Tanzania and seeks to quickly expand into Ghana, Kenya, Malawi, Namibia, Nigeria, and Uganda.
- To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, KMRI, in partnership with its joint venture partner in Tanzania, Symbion Power, seeks to complete in the next 18 months the Kigoma Project - a 4 MW biomass power plant - and the Tunduru Project - a 1 MW biomass power plant - representing total investment of $17.6 million in the country.
- Also in Tanzania, Symbion-KMRI seeks to develop a further 15 MW of renewable energy projects over the next 24 to 36 months, amounting to a minimum $50 million investment.
- KMRI also intends to expand its activities three additional Power Africa Countries; specifically, it aims to develop 15 MW of biomass installations in Ghana, 5MW of renewable projects in Kenya, and 10 MW in Nigeria.
National Rural Electric Cooperative Association
National Rural Electric Cooperative Association is the national service organization for more than 900 not-for-profit rural electric cooperatives and public power districts providing retail electric service to more than 42 million consumers in 47 states and whose retail sales account for approximately 12 percent of total electricity sales in the United States. Over its fifty year history of contributing to global rural economic development, NRECA has supported programs to increase access to electric power by establishing, training and providing technical assistance to electrification agencies to promote sound electrification investments, and by creating and improving the capacity of electric service providers to operate and maintain power systems despite the challenges faced in rural areas. In recognition of its long history of designing and implementing highly successful electrification programs, NRECA commits to the following in support of Power Africa:
- NRECA will integrate Power Africa program initiatives into existing operations in participating countries in East and West Africa, and will share information and resources with the Power Africa management team as may be desired and needed.
- NRECA will provide assistance through utility management, operation and maintenance expertise, on a volunteer basis, through the NRECA International Foundation drawing from the NRECA membership of over 900 NRECA member cooperatives operating distribution, generation, and transmission lines.
- NRECA will also provide donations of utility line vehicles, electric power equipment, and materials as applicable to address the specific needs of recipient African utilities, in support of expansion of electric power distribution to new customers.
- NRECA further commits to provide advocacy support in favor of increased investment in feasible electrification projects in rural and peri-urban areas of participating African countries.
Nedbank provides a comprehensive range of wholesale and retail banking services through four main business clusters: Nedbank Capital, Nedbank Corporate, Nedbank Business Banking and Nedbank Retail. Principal services include corporate and retail banking, property finance, private banking, investment banking and foreign exchange. In 2008, the Nedbank and Ecobank Group Alliance was formed, and has enabled an extended alliance footprint across 35 African countries. The Nedbank-Ecobank Alliance will also assist the Power Africa Initiative clients through a unique "One Bank" experience offering. By delivering country-specific, tailored banking solutions across Africa the alliance effectively simplifies banking for its corporate and individual clients by making day-to-day transactional banking, financing and investment banking advisory services readily available to them. Over the next several years, as part of its commitment to the Power Africa Initiative, Nedbank intends to:
- Advance the Power Africa goal of providing access to clean, reliable energy in East Africa, including through the participation in landmark transactions such as the 300MW Lake Turkana wind farm in Kenya as well as various geothermal and hydro transactions in East Africa, Nedbank also aims to catalyze the US$ 300 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to millions of users.
- Provide Power Africa countries with access to Project Finance, Advisory, Treasury functions and financial structuring expertise.
- Expand its activities to additional the Power Africa Countries; in particular, Nedbank will aim to provide access to its advanced funding solutions in the renewable energy sector.
NextGen Solar is a U.S.-based, renewable energy company focused on building and operating utility-scale, PV Solar power plants in sub-Saharan Africa, integrating a hybrid model of modern PV generation with existing legacy diesel plants. NextGen Solar has operations in Tanzania, Kenya, and Uganda. The objective of NextGen Solar is to bring plentiful, reliable and more affordable electricity by reducing the dependency on expensive fossil fuels, especially in remote rural areas. As part of its commitment to the Power Africa Initiative, NextGen Solar intends to:
- Advance the Power Africa goal of providing access to clean, reliable energy in East Africa, by setting up 200MW of generation capacity via several solar power plants – 70 MW in Tanzania, 50MW in Kenya, 35MW in Ethiopia, 30MW in Ghana and 15MW in Nigeria, representing total investment of $ 600 million.
- Over the next 5 years, energy projects of NextGen Solar will not only increase access to electricity to 3.7 million people, but also help in creating 431,000 incremental jobs in these countries.
- NextGen Solar aims to provide Power Africa countries with access to sector expertise in building hybrid solutions, by integrating legacy diesel mini-grids with modern PV generation. This is expected to reduce the annual greenhouse gas emissions in these Power Africa countries by 300,000 t CO2 emissions.
Nigeria Solar Capital Partners
Nigeria Solar Capital Partners is a renewable energy company focused on the development and management of utility-scale solar fields in Nigeria. It is a joint venture between Industry Capital, a US based private equity group with over $1.4 billion in assets under management and Gigawatt Global, a world-class Dutch based developer of utility scale solar facilities.
- Over the next several years, NSCP intends to drive investment of over $1 billion dollars in the development and management of utility-?scale solar fields in Nigeria. NSCP is proposing to develop and operate up to 500MW of utility scale solar facilities in Nigeria by 2020. NSCP is initially pursuing two 100MW sites of solar power generation for the Federal Government of Nigeria targeting financial close by 2014.
Orchid Business Group (OBG)
Orchid Business Group (OBG) is Ethiopia's biggest private transport company and one of Ethiopia's biggest construction companies. OBG is also actively involved in the renewable energy sector, in different African countries. Within Africa, OBG currently has offices in Ethiopia, Kenya, South Sudan and Djibouti. Over the next several years, as part of its commitment to the Power Africa Initiative, OBG intends to:
- Complete up to 650 MW Solar PV projects in Ethiopia, Ghana and/or Kenya - representing a total investment of $1.3 billion.
- Expand its activities in at least two Power Africa countries, with the aim of providing off-grid access through its advanced solar power technology to small towns in rural areas
- Complete up to 210MW geothermal energy supply in Ethiopia.
- These planned activities are expected to increase the quantity of power available to several thousands of households and businesses by up to 1,000 MWs.
Ormat Technologies is a leading vertically integrated company dedicated to providing solutions for geothermal power, recovered energy generation (REG) and remote power. As the only geothermal IPP in Africa, Ormat has a strong track record of developing and operating geothermal assets in Kenya, evidenced by over 10 years of generation of clean energy, recently expanded by an additional 36MW. Over the next several years, as part of its commitment to the Power Africa Initiative, Ormat intends to:
- Complete in 2014 the construction of additional 16MW in plant 3, Olkaria III, Kenya, bringing its total installed base in Kenya to about 100MW.
- Ormat is in discussions with Symbion Power to collaborate in the development of geothermal power plants in Tanzania.
Proton Energy Ltd.
Proton Energy Ltd is a leading Nigerian based Independent Power Plant (IPP) developer with a focus to develop and operate power plants across Nigeria and more widely in Sub Saharan Africa. Proton Energy is sponsoring the development of three new gas powered power plants in support of the development of the Nigeria power sector and to assist in meeting the growing energy needs of the citizens of Nigeria. Target installed new power generation in the next five years is an installed capacity of 1,500 MW, with an investment of over US$1.5Billion.
Over the next several years, as part of its commitment to Power Africa, Proton Energy intends to :
- To advance the Power Africa goal of providing access to clean, reliable energy, Proton Energy seeks to complete three renewable energy, waste to energy (WtE) projects in Nigeria, with a total generation of 100 MW.
- Advance and develop its portfolio of gas-fired independent power plants in Nigeria and sub-Saharan Africa.
- Implement its first project, the 500MW (150MW in phase 1) with an initial investment of over USD220 Million - Proton Delta Sunrise Project in Nigeria. This project is reviewing RFPs from EPC contractors early in 2015 and projects Commencement of Operation Date (COD) in 2017.
- These planned activities are aligned with the goals of the Power Africa Initiative and are expected to support the increase in the quantity of power available to the six focus Power Africa countries. These investments could directly benefit numerous households and businesses by 2020, and together in a multi-stakeholder effort, help lay the foundation for a future increase in access to electricity for citizens not connected to the grid.
Quantum Power is an industrial investment platform focused on power generation, energy, and related infrastructure in sub-Saharan Africa. It leverages the financial and operational resources of a principal financial backer controlling an international family of companies with assets in excess of $20 billion. Quantum Power's affiliates own and operate more than 3,000 MW of power generation capacity in emerging markets around the world.
Quantum Power is engaged in a broad range of projects that will improve access to clean, reliable and affordable energy across Africa. As part of our commitment to Power Africa, we intend to invest over the next several years in power generation and liquefied natural gas projects in sub-Saharan Africa, representing over $3 billion of capital expenditure, of which over $2.5 billion would be in Power Africa priority countries.
Reykjavik Geothermal (RG) is a geothermal power development company active in Ethiopia, Rwanda, Burundi, Democratic Republic of the Congo, Kenya and Tanzania. As part of its commitment to Power Africa, RG intends to:
- Complete the Corbetti Project, a 500 MW geothermal power plant in Ethiopia, representing a total investment of $2 billion over a 4-6 year period
- Complete an additional 500 MW of geothermal development in Ethiopia, representing total investment of $2 billion over a 5-8 year period
- Catalyze at least $2 billion in investment for energy projects in Power Africa countries, which will increase the access to and reliability of electricity for over 90 million people
- Seek further large-scale geothermal development opportunities in Kenya, Tanzania and other countries in the region
- Enable rural entrepreneurs to create businesses from direct-use applications of geothermal energy, as well as take advantage of other opportunities arising from access to affordable power
SOENERGY is a global provider of permanent and temporary energy solutions with a highly customized approach. Working with diverse types of fossil and renewable fuels coupled with the proper conversion technologies, SoEnergy strives to develop the most cost-effective and sustainable solutions for its customers.
To support the goals of Power Africa, SOENERGY is prepared to commit significant resources to expand its business in sub-Saharan Africa in order to promote economic development and specialized training in the region. In its global projects, SOENERGY consistently makes every effort to employ and train as its employees as many people from the region as possible and contribute to the local economy wherever its projects are located.
SOENERGY is currently actively pursuing projects in Angola, Sierra Leone, Liberia, Tanzania, and Mozambique and is working to identify additional opportunities in other Power Africa countries. This ambitious vision requires an elevated partnership built around concrete commercial and developmental interests.
Standard Bank Group
Standard Bank Group is a South-Africa based bank, Africa's largest bank by assets, with a 150 year history on the African continent. Operating in 20 countries on the African continent, Standard Bank is committed to the development of the power sector in Africa and will support the Power Africa Initiative by committing to:
- Supporting the establishment of Independent Power Projects (IPPs) through a combination of debt products, transactional services including providing bonds and guarantees, hedging, advisory services and carbon credit solutions for eligible transactions.
- Continued underwriting of funding in the power sector for Power Africa countries, with US$1 billion of debt either already deployed since the initiative launch or earmarked for projects in Power Africa countries through 2018.
- In addition, Standard Bank sees significant opportunity in other sub-Saharan African countries, and seeks to deploy an additional US$2 billlion of debt in these countries through 2018.
- Supporting the policy reform process by sharing our assessment of the key regulatory changes that would facilitate private sector investment in power.
Standard Chartered is a leading international banking group with 1700 offices in 68 markets. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 percent of its income and profits in Asia, Africa and the Middle East. Standard Chartered's leading position in Project and Export Finance has allowed it to successfully complete a number of cutting edge Project Finance transactions in Africa and is a testament to its commitment to long- term sustainable infrastructure development.
- Over the next five years, as part of its commitment to the Power Africa initiative, Standard Chartered intends to finance over $2 billion in funding for power projects in Power Africa countries. This commitment is expected to increase the quantity of power available by up to 1,500 MWs.
SunEdison is a global leader in delivering solar energy to utilities, industrial and commercial clients, and households. SunEdison has been present in Africa since 2010, where it is completing the construction of three solar plants for a total of 120 MW and expanding operations in East and West Africa. Over the next several years, SunEdison intends to:
- Develop and execute more than 400 MW of solar projects in East and West Africa, representing a total investment in excess of $1 billion over the next 5 years
- Increase access to electricity for end users outside of the national grid's reach through its proven electrification technology and program in Power Africa countries
Symbion is a U.S.-based power developer working primarily in Africa. With offices in South Africa, Nigeria, and Tanzania, Symbion builds, owns, and operates electrical power infrastructure across the continent. We specialize in the construction of turnkey electric power systems, including power stations, extra high voltage transmission lines, distribution lines, substations and switchyards. The company also owns and operates power plants. Through Symbion Power Training Centers, the company works closely with local communities to develop a labor force capable of executing projects. In line with the Power Africa goal of providing access to clean, reliable energy in Africa, Symbion aims to catalyze US$ 1.8 billion in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to millions of users in these countries. This investment will include:
- In partnership with the Tanzania Electricity Supply Company (TANESCO), Symbion is developing a 400MW power plant in Mtwara, Tanzania and a transmission line across the south of Tanzania.
- In partnership with KMR Infrastructure, Symbion will complete two small-scale biomass projects in Kigoma and Tunduru that will replace diesel-based power for these two mini-grids. Symbion and KMRI are committed to developing similar projects for additional mini-grids and industrial off-takers in other locations in Tanzania.
- Symbion is in discussions with Ormat Technologies to collaborate in the development of geothermal power plants in Tanzania.
- Symbion won the right to acquire a 972MW gas-fired power plant in Ugheli, Nigeria as part of the Transcorp Ugheli Power Ltd. Consortium, which will under-go significant rehabilitation and expansion.
- In partnership with Supertek Ltd., Symbion is developing a 100MW fast-track gas-fired generation project in Ajaokuta;
- Symbion intends to either acquire or build several other new power plants in Nigeria, including playing a major role in the bidding for the NIPP power plants that are now up for sale.
- Symbion is actively pursuing possible off-grid renewable energy projects in Nigeria, including in Niger State.
- Symbion is developing a 450MW gas-fired power plant in Ghana.
- These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available by over 1,500 MWs.
U.S. Energy Association
U.S. Energy Association is an association of American public and private energy-related organizations, corporations, and government agencies. USEA represents the broad interests of the U.S. energy sector by increasing the understanding of energy issues, both domestically and internationally. USEA supports the mission of the World Energy Council, "to promote the sustainable supply and use of energy for the greatest benefit of all."
- USEA, which is heavily engaged in Africa, commits to integrating the Initiative into its numerous activities over the coming months and years, particularly into its international utility partnerships and utility peer-to-peer executive exchanges. USEA will sponsor special events and briefings on the Initiative and opportunities for trade and investment in the partner countries. USEA will incorporate presentations and updates about the opportunities and progress of the Initiative at it numerous public briefings and meetings.
United Capital Plc (formerly UBA Capital) is a major financial and investment services provider with wide expertise in the African market and a track record of world-class execution in its range of businesses which includes Project and Infrastructure Finance, Capital Markets, Mergers & Acquisitions and Structured Finance.
Power has been at the forefront of United Capital’s infrastructure projects, with the company providing financial advisory services on the construction, expansion and acquisition of power plants across Nigeria. United Capital acted as financial advisor on the acquisition of three of the six power generation companies privatized under the Federal Government of Nigeria’s recent Power sector privatization exercise. This is in line with United Capital’s commitment to Nigeria’s goal of raising the country’s operating capacity from 4,000MW in 2012 to 40,000MW by the year 2020.
As part the Power Africa Initiative, United Capital is focused on expanding the reach of its impact across Africa by working more closely with the public and private sectors to support innovative and practical solutions to the current power shortage.
United Capital is committed to the economic empowerment of the African people through increased access to power.
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. We invite you to learn more about Vestas by visiting our website at www.vestas.com
Viability Africa, based in Nairobi, Kenya, is a project development and financial advisory firm focusing on commercial and utility small and medium scale renewable energy projects based in sub-Saharan Africa. The company is active in Kenya, Rwanda, Tanzania, Uganda, Ethiopia and Ghana and is focused on feasibility studies and financing for solar photovoltaic, wind, small-scale hydropower and biomass power projects. In support of Power Africa, the company is seeking to:
- Reach financial close on 20 MW of small hydro, 40 MW of solar PV, and 15 MW of biomass grid connected power projects in Kenya and Tanzania within the next three years.
- Catalyze $500 million in investment for clean energy projects in Power Africa countries over the next five years, which are projected to result in an annual reduction of over 800,000 tons of greenhouse gas emissions.
- Provide Power Africa countries with technical capacity in project development and financial advisory services.
- These planned activities are expected to increase the quantity of power available to Kenya, Uganda, Rwanda and Tanzania by 250 MWs. These investments could directly benefit over 250,000 households and businesses by 2018.
These planned activities are expected to increase the quantity of power available to Kenya, Uganda, Rwanda and Tanzania by 250 MWs. These investments could directly benefit over 250,000 households and businesses by 2018.
Last updated: April 13, 2015