Africa Investment Exchange:

Power & RenewablesEnabling power project development in Africa

15-16 November 2017, RSA House, London

CbIInnovative �nancing

Structuring projects

Market strategies

O�-grid investment

Political risk

Impact investing

africa-investment-exchange.com

Now in its fourth year, AIX: Power and Renewablesbrings established and non-traditional investmentsources together with project developers and otherstakeholders for a frank discussion of the challenges

facing investors along the electricity value chain. Themeeting is held under the Chatham House Rule,limited to 150 senior executives and structured aroundpanel-led sessions to encourage an open discussion.

Sponsored by

Meetings

Produced by Supported by

About us

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A unique perspectiveAs a consultant and publisher, CbI has been involved at the heart ofthe debate surrounding the development of the energy sector inAfrica for almost 30 years.

CbI Meetings pairs the extensive regional expertise and sourcenetwork of CbI’s African Energy with a seasoned events teamexperienced in producing high-level investment forums anddialogues across the African continent.

As a consultant, CbI has a unique perspective when it comes tounderstanding the themes and topics that provide the foundationsfor a vibrant conference agenda and the mix of projectstakeholders required for a lively and engaging panel-leddiscussion.

We are focused on producing meetings that create enduringdialogues between development finance institutions and otherestablished investment sources as well as non-traditional investorsincluding, private equity firms, venture capitalists, family offices,foundations, institutional investors and impact investors.

Africa Investment Exchange (AIX) Power & Renewables is heldunder the Chatham House Rule, structured around interactivepanel-led sessions and limited to 150 high-level participants.

Over the last four years, participants have used the two-days of AIX:Power & Renewables to hold private meetings with new andalready established partners in convenient break-out rooms at RSAHouse.

Jectone Achieng’ Manager, Project Management Geothermal Development CompanyDafe Akpeneye Commissioner Nigerian Electricity Regulatory CommissionYesufu Alonge Head Power Procurement & Contracts Nigerian Bulk Electricity Trading (NBET)Oliver Andrews Chief Investment Officer Africa Finance Corporation (AFC)Clifford Aron Principal GreenMax Capital GroupSolomon Asamoah Chief Executive Officer Ghana Infrastructure Investment FundKweku Awotwi Principal Africa Power Systems ManagementAdel Baba-Aissa Director Renewable Energy PartnerAhmed Badr Executive Director RCREEEDouglas Bennet Chief Operating Officer GuarantCo Alexander Brummeler Head of Finance Innovation Azuri TechnologiesLars Buesching Managing Partner SolizerDavid Carroll Business Development Quantum PowerDavid Donaldson Head, IFC Infraventures, Africa IFCJames Doree Managing Director Lion’s Head Global PartnersThomas Duveau Chief Strategy Officer Mobisol

AIX: Power and Renewables Panellists

Panellists to date

3

* awaiting final confirmation

Anton Eberhard Professor University of Cape TownMohammed El-Khayat Executive Chairman New and Renewable Energy AuthorityMichael Franz Team Leader Africa-EU RECPCephas Galley Director of Legal Services Electricity Company of Ghana (ECG)Ragnar Gerig Director Energy Africa and Asia DEGEd Harkins Managing Director GKB VenturesAna Hajduka Founder & Chief Executive Officer Africa GreenCo Marcus Heal Chief Executive Officer Pan Africa SolarLucy Heintz Partner: Energy ActisAndrew M. Herscowitz Coordinator Power AfricaEitan Hochster Director of Business Development Lumos GlobalMaarten Van Der Horst Chief Business Development ENGIE AfricaOti Ikomi Chief Executive Officer Proton EnergyTim Jackson Business Development Manager InfraCo AfricaAlex Katon Executive Director InfraCo AfricaCamille Augustin K. Dikangala Director for Electricity Services Ministry of Energy & Water ResourcesMershil Kivuyo Manager Legal Affairs Tanzania Geothermal Development Co.Paul Kunert Chief Executive Officer Joule AfricaAndy Louw Principal: Infrastructure Investments STANLIBJean Paul M’Batna Director General ADER, ChadAstrid Manroth Energy Transformative Partnerships African Development BankJon Marks Chairman Cross-border InformationSteve Meyer Chief Executive Officer Corbetti GeothermalPaolo de Michelis Head of Renewables GlobeleqSimbarashe Mhuriro Managing Director Oxygen AfricaTunde Morakinyo Partner ERMTimothy Moran Partner DLA PiperChimuka Nketani Investments Manager Industrial Development Corporation (IDC)Jasandra Nyker Chief Executive Officer BioTherm EnergyPavel Oimeke* Acting Director General Energy Regulatory Commission (ERC)Mike Peo Head: Infrastructure, Energy & Telecoms NedbankKoen Peters Executive Director Global Off-Grid Lighting AssociationRomain Py Executive Head: Transactions AIIMAndrew Reicher Independent Adviser and InvestorOluniyi Robbin-Coker Chairman SLIEPALynn Tabernacki Deputy VP & Head of Global Energy OPICMay Tan-Mullins Professor University of Nottingham Ningbo ChinaJoseph Tato Partner DLA PiperNico Tyabji Director of Strategic Partnerships SunFunderJef Vincent Senior Advisor African Trade Insurance AgencyZiria Tibalwa Waako Chief Executive Officer Electricity Regulatory Authority (ERA)Nicholas Wrigley Chief Executive Officer Winch EnergyAli Zerouali Co-operation & Partnerships Director MASENSilas Zimu Energy Advisor to the President of South Africa

Wednesday 15 November 2017

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08h30 to 09h00 Registration & coffee

09h00 to 10h00

Africa Power & Renewables Strategy

Chair: Jon Marks, Chairman, Cross-border Information

AIX P&R 2017 is structured to analyse the problemsand potentials along the project and investmentlifecycle. The morning starts with a broader view toidentify key trends in energy finance policy andregulation, renewable energy programmes and otherpower generation plans, and how off-grid integrateswith the grid.

Oliver Andrews, Chief Investment Officer, AfricaFinance Corporation

Lucy Heintz, Partner: Energy, Actis

Andrew M. Herscowitz, Coordinator, Power Africa

Astrid Manroth, Director for Energy TransformativePartnerships, African Development Bank

10h00 to 11h15

Providing funding for early-stage development andviable projects

Chair: Joseph Tato, Partner, DLA Piper

DFIs and public sector funders discuss developmentfinance initiatives and public sector support forensuring bankable RE and baseload projects.

• Industry snapshot: How does a power project or investment fit into a blended finance structure?

• Understanding additionality, structuring early stagerisks and project preparation facilities

• Defining bankability – the public sector view

• Resource, expertise and funding assistance available to facilitate projects

• Tariffs and market regulation – creating a sustainable enabling environment

• World Bank, OPIC and private sector insurance andguarantees

Yesufu Longe Alonge, Head Power Procurement &Power Contracts, Nigerian Bulk Electricity Trading

Solomon Asamoah, Chief Executive Officer, GIIF

David Donaldson, Head, IFC Infraventures, Africa, IFC

Jef Vincent, Senior Advisor, African Trade InsuranceAgency

11h15 Coffee

11h45 to 13h00

Mobilising private sector expertise and finance forearly-stage development

Chair: Alex Katon, Executive Director, InfraCo Africa

Responding to the earlier session, private sectorinvestors and developers examine key issues theyface overcoming early stage project risks.

• Structuring early stage risks

• What is behind successful fundraising?

• Private sector views on public sector support, including project preparation facilities

• Defining bankability – structuring deals and accelerating project implementation

• Overcoming unproven tariffs, offtakers and PPAs

• Leveraging extractive industry-related investment to finance power infrastructure development

Solar snapshot: opportunities and hard lessons from recent FiT programmes

Cephas Galley, Director of Legal Services, ECG

Ragnar Gerig, Director Energy Africa and Asia, DEG

Marcus Heal, CEO, Pan Africa Solar

Maarten Van Der Horst, Chief Business Development,ENGIE Africa

Paolo de Michelis, Head of Renewables, Globeleq

13h00 Lunch sponsored by

Day one – Power and renewables investment lifecycle

AIX: Power & Renewables

5

Special sessions

10h00 to 11h15

Geothermal Development in East Africa

Chair: Clifford Aron, Principal, GreenMax CapitalGroup

Break-out session to examine geothermal modelsin Ethiopia, Kenya and Tanzania.

10h00: GDC’s experience developing the MenengaiprospectJectone Achieng’, Manager, Project Management,Geothermal Development Company

10h15: TGDC’s experience in the early stages ofdeveloping Tanzania’s geothermal prospectsMershil Kivuyo, Manager Legal Affairs, TanzaniaGeothermal Development Co.

10h30: Investor and power developer perspectiveon opportunties, obstacles and risks

David Carroll, Business Development, QuantumPower

Tim Jackson, Business Development Manager,InfraCo Africa

Steve Meyer, Chief Executive Officer, CorbettiGeothermal

11h15 Coffee

11h45 to 13h00

Hydropower models

New and traditional investors discuss theopportunities and challenges from big-scaleprojects to mini-hydro developments.

Camille Augustin Kabasele Dikangala, Director forElectricity Services, Ministry of Energy and WaterResources, Democratic Republic of Congo

Paul Kunert, Chief Executive Officer, Joule Africa

Tunde Morakinyo, Partner, ERM

Romain Py, Executive Head: Transactions, AIIM

May Tan-Mullins, Professor, University ofNottingham Ningbo China

13h00 Lunch at RSA House

14h00 to 15h15

Exits and entries

Reaching financial close and attracting private sectorfinancing.

• Exit strategies for PE and other investors

• M&A as a means to enter the market

• Mobilising equities markets to purchase assets

• Alternative strategies for different project partners

• Perspectives from stock exchanges, pension funds family offices and other sources of finance

Andy Louw, Principal: Infrastructure Investments,StanLib

Jasandra Nyker, CEO, BioTherm Energy

Timothy Moran, Partner, DLA Piper

15h15 Coffee

15h45 to 17h00

Unlocking domestic finance

Chair: Solomon Asamoah, Chief Executive Officer, GIIF

Encouraging a greater role for local entities in powerprojects, improving access to long-term funding inlocal currency, strengthening the capacity of localmarkets and creating opportunities for local investors.

• Stimulating local capital markets and improving access to local finance

• Mitigating currency and liquidity risks

• Blending local finance and impact investors

• Tuning into the vagaries of local polities

Douglas Bennet, Chief Operating Officer, GuarantCo

James Doree, Fund Manager of African LocalCurrency Bond Fund with Lion’s Head Capital

Romain Py, Executive Head: Transactions, AIIM

17h15 to 20h00 Evening reception sponsored by

AfIDA Workshop

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One of AfIDA’s mandates is toprovide research into projectdevelopment, advocacy andsetting standards.

The afternoon workshop will reviewthe standard documentation andframework agreements availablefor power developers in Africa andprovide recommendations for thewider industry.

14h00 to 14h45

Standard of practice for IPPs

Alex Katon, Executive Director, InfraCo Africa

Gad Cohen, Chief Executive Officer, eleQtra

14h45 Coffee

15h00 to 16h00

Project documentation and value

Andrew Johnstone, Chief Executive Officer, Climate Fund Managers

Vuyo Ntoi, Investment Director, African Infrastructure Investment Managers

16h00 to 17h00

Understanding the contents of a JDA for power projects

Paul Biggs, Senior Partner, Trinity International

Jasandra Nyker, Chief Executive Officer, BioTherm Energy

17h15 to 20h00 Evening reception

Wednesday 15 November RSA House, London

Participation at the AfIDA

workshop is reserved for

AIX: Power & Renewables

delegates.

AfIDA Workshop registration

fee: £495 + VAT

Contact Lauren Andrews to

register:

T: +44 (0)1424 721667

E: lauren@cbi-research.com

Establishing guidelinesfor power developers

The Africa Infrastructure Development Association (AfIDA) will launchits workshop series at the Africa Investment Exchange: Power &Renewables meeting at RSA House, London, 15-16 November.

How to register

Produced by

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African Energy Live Data

Assessing some 2,000 powergeneration projects currently indevelopment, the session willprovide a snapshot of the pipelineon a continental, regional, andcountry level.

Themes for analysis include:

• The pipeline of key regions and countries over the coming five years;

• Fuel and technology mix looking forwards;

• What are the opportunities and where is the oversupply?

• Which projects will act as marketgame changers?

• How realistic is the pipeline?

14h00 to 14h45

Analysing the project pipeline

John Hamilton, Director,

African Energy

David Slater, Senior Project

Manager, African Energy

Dan Marks, Senior Research

Analyst and Contributing Editor,

African Energy

14h45 to 15h15

Q&A

The session will be opened up to

the audience for discussion.

Wednesday 15 November RSA House, London

Participation is reserved forAIX: Power & Renewablesdelegates.

Contact Lauren Andrews toconfirm your attendance:T: +44 (0)1424 721667E: lauren@cbi-research.com

Analysing the projectpipeline

African Energy examines the pipeline of electricity generation projectsacross the continent drawing on the latest research from AfricanEnergy Live Data, an unrivalled and indispensable source ofinformation presented for the first time at AIX: Power & Renewables.

Confirm attendance:

If you would like to discuss access

to the Live Data platform, please

speak to a member of the African

Energy team at AIX.

Alternatively, contact

Nick Dashwood-Brown

T: +44(0)1424 721667

Thursday 16 November 2017

8

10h30 Coffee

09h00 to 10h30

Southern Africa Focus

Chair: Jon Marks, Chairman, Cross-borderInformation

• Renewable and thermal generation models emerging across SAPP

• South Africa: renewables mixed with LNG procurement

Silas Zimu, Energy Advisor to the President ofSouth Africa

Anton Eberhard, Professor, University of Cape Town

Ana Hajduka, Chief Executive Officer, Africa GreenCo

Simbarashe Mhuriro, Managing Director, OxygenAfrica

Mike Peo, Head: Infrastructure, Energy andTelecommunications, Nedbank

11h00 to 12h30

North Africa Focus and South-South Co-operation

John Hamilton, Director, African Energy

• What next for Egypt’s rapidly developing renewables programme?

• Snapshot of renewable energy programmes in the region and their commercial viability

• Meeting demands for gas-fired power generation

• Morocco: an emerging Africa focused financial hub

Mohammed El-Khayat, Executive Chairman, Newand Renewable Energy Authority (NREA)

Adel Baba-Aissa, Director, Renewable EnergyPartner

Ahmed Badr, Executive Director, RCREEE

Lars Buesching, Managing Partner, Solizer

Ali Zerouali, Co-operation and PartnershipsDirector, MASEN

Day two morning – Regional focusExamining the energy mix across regions, including GTP, renewable energy and off-grid opportunities.

09h00 to 10h30

West Africa Focus

Chair: Oti Ikomi, Chief Executive Officer, ProtonEnergy

• Investment experience and outlook for baseload generation and distribution across the region

• Overview of renewable energy programmes

• Success at attracting local finance for solar projects

Dafe Akpeneye, Commissioner, NERC

Kweku Awotwi, Principal, Africa Power SystemsManagement

Oluniyi Robbin-Coker, Chairman, Sierra LeoneInvestment and Export Promotion Agency (SLIEPA)

11h00 to 12h30

East Africa Focus

• Scaling Solar, GET FiT and other RE programmes gaining momentum across the region

• Regulatory environment for new renewable energy and baseload projects

• Integrating off-grid solutions with the grid

Chimuka Nketani, Investments Manager, IndustrialDevelopment Corporation (IDC), Zambia

Pavel Oimeke, Acting Director General, EnergyRegulatory Commission (ERC), Kenya*

Andrew Reicher, Independent Adviser and Investor

Jef Vincent, Senior Advisor, African Trade InsuranceAgency

Ziria Tibalwa Waako, Chief Executive Officer,Electricity Regulatory Authority, Uganda

12h30 Lunch

Day two afternoon – Off-grid Investment Exchange

Pay-as-you-go (PAYG), roof-top solar and other off-grid technologies have the potential to scale quickly and

challenge conventional power generation models. The Off-grid Investment Exchange brings local

businesses and off-grid pioneers together with international developers and investors (DFIs, banks,

commercial and impact investors) who are looking to buy into this fast-growing industry.

AIX: Power & Renewables

9

13h30 to 15h00

Electrification strategies

Chair: Michael Franz, Team Leader, Africa-EURenewable Energy Cooperation Programme (RECP)

Improving transparency, measuring performanceand managing off-grid expectations.

Incorporating an off-grid electrification strategy innational policy and regulation framework.

Update on storage, latest trends and costs.

Pay-as-you-go (PAYG) or other off-grid businessmodels: who will be electrifying households andbusinesses in the next 3 to 5 years?

What part will micro- and mini-grids play in the off-grid energy mix?

Thomas Duveau, Chief Strategy Officer, Mobisol

Jean-Paul M'batna, Director, ADER, Chad

Koen Peters, Executive Director, Global Off-GridLighting Association (GOGLA)

Lynn Tabernacki, Deputy Vice President & Head ofGlobal Energy, OPIC*

15h00

Coffee

15h15 to 16h30

Accessing finance

Chair: Ed Harkins, Managing Director, GKB Ventures

Is there investor over-exuberance in the solar homesystem market?

Role of DFIs: creating an environment for commercialbanks to participate?

Syndication, securitisation, asset-backed financingsolutions and other innovative financial instruments.

Stimulating local capital for off-grid models.

Alexander Brummeler, Head of Finance Innovation,Azuri Technologies*

Eitan Hochster, Director of Business Development,Lumos Global

Nico Tyabji, Director of Strategic Partnerships,SunFunder

Nicholas Wrigley, CEO, Winch Energy

16h30 End of AIX: Power & Renewables

Sponsored by

Venue: RSA HouseDesigned in the early 1770s, RSAHouse is a famous centre forEnlightenment thinking, theintellectual and social home of someof the greatest thinkers and socialactivists of the past 200 years.

8 John Adam Street, London WC2N6EZ.

Please register those listed below for AIX: Power and Renewables:

There is a 10% discount which runs until 31 October. Price payable: £1,530 plus VAT (fullprice £1,700 plus VAT)

1st Delegate

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When you have returned this form you will receive a booking confirmationand invoice to be paid by bank transfer. Full payment must be made beforeevent. Total to pay ........................

(see event websites for the latest offers or email nick@cbi-research.com)

I have read and agreed to the terms and conditions for delegate bookingsand payment

Terms & Conditions Payments: All bookings madeprior to the conference must bepaid in full to guaranteeregistration. If payment is notmade at the time of booking,registration will be provisional.Cancellation: The fee is non-refundable if cancellation isreceived less than two weeksbefore the booked meeting. For acancellation before this date thefee will be refunded, less ahandling charge of £75.

Indemnity CbI Meetings is not liable for anytravel and accommodation costsincurred by delegates inconnection with their registration.CbI Meetings cannot acceptliability for any loss, cost orexpense suffered or incurred byany person arising from reason ofwar, including threat of war, riotsand civil strife, terrorism or threatsthereof, natural disaster, weather,fire, flood, drought, technical,mechanical or electricalbreakdown within any premisesvisited by delegates in connectionwith the conference, non-provision of services provided byhotel companies or transportoperators, industrial disputes,government action, regulations, ortechnical problems which mayaffect the services provided inconnection with the event.

Attend our meetings

For registrations contact:

Lauren AndrewsTel: +44 (0)1424 721667Email: lauren@cbi-research.com

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