Post on 13-Jan-2017
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
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)
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
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
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