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HIGHLIGHTS FROM DAY ONE

Wednesday 12th June 2019

WELCOME TO aef 2019 As four days of debate, discussion, business and innovation got underway in Lisbon yesterday, the message was clear – aef 2019 not only serves as a link between investors, dignitaries and officials this week; it’s also a long-term bridge between Europe and Africa, and the energy challenges that affect both continents. We welcomed onto stage a host of Portuguese Ministers, sponsor representatives and heavyweights from Africa and Europe’s energy space as the event got underway. All expressed their joy at joining us in Lisbon for the 21st Africa Energy Forum, and the poignancy of Portugal hosting an event so close to its neighbours in Africa, as both continue to strive towards cleaner and more sustainable futures.

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Portugal is leading the energy revolution, and this forum is an excellent opportunity to showcase our capabilities. We can provide green energy solutions to Africa in line with their own sustainability goals and objectives… Lisbon is the right place to hold this conference and is a place that is proud to welcome visitors from all continents. I wish you all the best of weeks.

EnergyNetworking

app THE APP IS BACK! Have you logged in yet? The aef mobile networking app is back to help you message and meet the clients that matter. Search The EnergyNetworking app’ to download

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H.E. Hon. Eurico Brilhante Dias, Secretary of State for Internationalisation, Portugal

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Energy. In One Place.


HIGHLIGHTS FROM DAY ONE

The way forward for Portugal is something we can relate to with Africa too – smarter, cleaner and more efficient energy.

João Galamba

H.E. Hon. Pedro Siza Vieira, Minister in the Cabinet of the Prime Minister & of Economy, Portugal

Secretary of State for Energy, Portugal, welcoming investors to the Forum yesterday

WHY PORTUGAL? In her opening address, Shiddika Mohamed, Group Director at EnergyNet emphasised that this year’s Africa Energy Forum represents a culmination of all others before it. Despite vast progress being made across Africa’s energy sector over the past two decades, there remains so much more to do in light of present-day climate change challenges and clean energy opportunities. It therefore makes sense that this bridging period is addressed in a city that itself bridges Africa and Europe. Portugal has traditionally been a pioneer in Europe’s renewables race, but remains aligned with its African neighbours in terms of the challenges that both regions face moving forward.

We really can bring electricity access to 600 million people.

In each day there are 1440 minutes. There are therefore 1440 daily opportunities to make a positive impact. Let’s use this forum wisely.

Andrew M. Herscowitz, Coordinator, Power Africa

Nelson Lage, Adviser to the Secretary of State for Energy of Portugal

Energy. In One Place.

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africa-energy-forum.com


HIGHLIGHTS FROM DAY ONE

ANNOUNCEMENT: THE AFRICAN TRADE INSURANCE AGENCY (ATI) LAUNCHES NEW “TRANSPARENCY TOOL” Yesterday at the Forum, The African Trade Insurance Agency (ATI) through its partnership with KfW, launched a new renewable energy solution, the Transparency Tool on the sidelines of aef. The Transparency Tool is an online platform that works in tandem with another innovation created by the duo, the Regional Liquidity Support Facility (RLSF). Both solutions support Independent Power Producers (IPPs), one of the important providers of energy, who are key to unlocking the renewable energy potential in Africa. The Transparency Tool is an online platform to record the effective payment behaviour of African utilities and periodically, make the records public. Over time, the objective is to align the perceived risk with the real liquidity risk that could help energy sector stakeholders better assess the credit worthiness of off-takers. “Energy access is key to Africa’s continued growth. This is primarily why we have chosen to focus on growing the energy sector in Africa by increasing available insurance capacity. Thanks to our partners at KfW and EIB, ATI is developing a strong reputation for its underwriting capacity in the energy sector across Africa.” Tusekile Kibonde, Regional Underwriter, ATI

ANNOUNCEMENT: DBSA COMMITS US$4.9M OF DEVELOPMENT FUNDING TO JOULE AFRICA’S HYDROPOWER PROJECT IN SIERRA LEONE As Joule Africa enters the final stages in developing the Bumbuna II 143 MW hydropower project in Sierra Leone, the Development Bank of Southern Africa (DBSA), one of Africa’s leading development finance institutions, has committed US$4.9 million to finance remaining project development activities. Mohale Rakgate, DBSA’s Group Executive for Project Preparation, commented: “Bumbuna II is a critical energy infrastructure project for Sierra Leone which will help to reduce the country’s dependence on fossils fuels and emergency power by providing affordable baseload power for Sierra Leone. It will double the national electricity generation capacity and go a long way to ensuring that the Government of Sierra Leone achieves its objective of ensuring that at least 30% of the population has access to electricity by 2030. “We are impressed by the professional manner in which Joule Africa and its local company, Seli Hydropower, are project managing the numerous workstreams involved in developing this hydropower project which will provide much needed, guaranteed, all yearround electricity to the citizens of Sierra Leone.”

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HIGHLIGHTS FROM DAY ONE

ANNOUNCEMENT: CDC LAUNCHES NEW COMPANY, GRIDWORKS TO INVEST IN ELECTRICITY NETWORKS ACROSS AFRICA Capitalised by CDC, Gridworks will aim to invest over US$300 million to improve the transmission and distribution infrastructure that delivers reliable and sustainable power CDC, the UK’s development financial institution, this week announced the launch of Gridworks, a new company dedicated to developing and investing in transmission, distribution and off-grid electricity infrastructure. Focused primarily on Africa, Gridworks’ ambition is to invest over $300m of long-term capital in viable projects over the coming years. Sustainable, affordable and reliable power is one of Africa’s biggest challenges with over 600 million people (two-thirds of its population) going without electricity and the benefits it brings. Despite recent investment and improvements in electricity generation, the lack of progress in developing transmission and distribution infrastructure has become a significant bottleneck to economic development across the continent. Electricity networks have suffered from decades of historic underinvestment in many countries, and a recent McKinsey report estimates that US$345 billion of investment in transmission and distribution is required by 2040 to absorb current and planned power generation. Once generated, electricity still needs to reliably and safely reach its intended users, who in turn need to be able to pay for it in a practical and efficient way. CDC’s investment in Gridworks will contribute to Global Goal 7 of the Sustainable Development Goals: Affordable and Clean Energy. Welcoming the creation of Gridworks, CDC’s Chief Executive, Nick O’Donohoe said: “For African countries to reach their economic potential they need reliable and affordable power. Getting that power to households and businesses requires well-financed, efficient electricity networks. CDC has a long history and expertise in investing in African power, so I’m proud that we’re capitalising Gridworks to support their ambition to invest over US$300m in transmission and distribution infrastructure in the years ahead”

EnergyNet’s Damon Thompson meets Allan Fairbairn, Area General Manager & Anne-Charlotte Mougenot, Marketing Manager, Aggreko Aggreko’s famous orange logo has been gracing aef since the very beginning, and the company’s contingent will look to make the most of its Lisbon debut as they enjoy the city’s famous electric scooters out of conference hours.

Mike Peo, Head of Infrastructure, Energy and Telecommunications, Nedbank CIB Visit Nedbank at stand 256 in the exhibition hall to find out why they’re the first bank in South Africa to issue a renewable-energy bond

Fabien Cadaut, Area Marketing Manager, Africa Energy Business, with the Wärtsilä team

Energy. In One Place.

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HIGHLIGHTS FROM DAY ONE

What is the cost of no power?

Matteo Brambilla, Managing Director, Building Energy, with team

Without electricity, factories couldn’t operate, hospitals couldn’t offer lifesaving aid and communities wouldn’t be able to power essential facilities.

“Meetings that usually take place over six months can be completed in three days... we only do one show a year and it’s this one. We do one and do it well.”

For more than 20 years in Africa, we’ve been delivering power to customers in the harshest and most remote environments. We continue to work at the forefront of a rapidly changing energy market and are focused on solving our customers’ challenges to provide cost-effective, flexible and greener power solutions.

Manuel Mota, CEO Europe at Mota-Engil, one of aef’s Country Sponsors

Together and over time, we believe our services make a massive difference.

Visit

aggreko.com

Call

AO: +244 934 454 063 CI: +225 21 27 09 75 CM: +237 678 26 56 95 KE: +254 707 000 888

NG: +234 906 265 5706 SN: +221 33 859 21 10 TZ: +255 222 773 521 ZA: +27 861 244 735

BAKER MCKENZIE PRE-AEF PARTY Baker McKenzie hosted a pre-aef rooftop party on Monday night at the SUD Lisboa - one of the top venues in Lisbon, with exceptional views over the Tagus. Delegates enjoyed drinks, food and entertainment in advance of a busy week of networking.

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HIGHLIGHTS FROM DAY ONE

We live in an energy interdependent world and the promise of the great energy future that has been in our grasp for decades has not been distributed equally. No greater is this pain felt than on the African continent where millions still live in energy poverty. Nicolas Stofenmacher, Senior Business Development Manager, DLA Piper “aef feels better here – smoother and more seamless.” DLA Piper carried that same collaborative feelgood vibe from the Congress Centre to the social scene as the company hosted around 120 clients and colleagues at a drinks reception at the end of day one. Senior Business Development Manager, Nicolas Stofenmacher is excited to explore the city’s close and collaborative culture both in and out of the event over the coming days, stating that he also hoped for “plenty of activity in and around the Innovation Theatre, and a consistently high turnout all week”.

Powering growth in Africa CDC Group has more than 70 years’ experience of investing across the continent, with our investments helping generate over 4,300MW of capacity.

Eithne Treanor, Managing Director, ETreanor Media & aef Chairperson

AFRICA’S YEAR OF LIGHT This year for the first time, we’re celebrating projects which have reached financial closure or become operational in the last 18 months. Kickstarting aef’s ‘Year of Light’ session, moderator Eithne Treanor emphasised that the need for energy reform and evolution in Africa isn’t just business; it’s nation building. This premise dominated both the success stories and the calls to action echoed by representatives from IFC, African Infrastructure Investment Managers (AIIM) and Power Africa. The latter’s coordinator, Andrew Herscowitz, in particular, acknowledged that we need to overcome seven key and recurring pitfalls in order to both create and maintain momentum. If some of the above challenges can be overcome, Africa’s ‘Year of Light’ could soon become the norm across the full spectrum of renewable initiatives - and, as Herscowitz concluded, “Electricity really can be brought to 600 million people”.

Country host Efacec gets excited for tonight’s ‘Feast of St Anthony’ festival

Find out more about our work at cdcgroup.com

As the country host, it may come as no surprise that Efacec believes Lisbon has the potential to be the best aef yet. And if the event’s conferences, meetings and networking opportunities aren’t enough to seal the deal, then perhaps the city’s sardines will be! The famous Feast of St Anthony will dominate Lisbon’s streets tonight, with the party expected to result in some sore heads on Thursday morning.

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HIGHLIGHTS FROM DAY ONE

JOIN US FOR THE AFRICA CHALLENGE CUP THIS EVENING OS BELENENSES, ESTÁDIO DO RESTELO STADIUM – FROM 5.30PM Tonight from 5.30pm, join us for the first ever ‘Africa Challenge Cup’ hosted by aef - a major networking event taking place at the Os Belenenses, Estádio do Restelo stadium in Lisbon. The Africa Challenge Cup is a football tournament held in partnership with Kohler, Kohler-SDMO and Clarke Energy, a Kohler company, to raise money for victims of Cyclone Idai. Cyclone Idai was one of the worst storms on record to ever hit the African continent. The storm was the deadliest and costliest in the SouthWest Indian Ocean in more than 100 years with over 1,000 people killed. With EnergyNet committing £20,000 and a further £10,000 raised through the support of Clarke Energy and Baker McKenzie, we’ve together raised £30,000 to send energy solutions to those most in need. Manchester United legend Quinton Fortune will manage the Africa Team, whilst Wes Brown - another Manchester United legend widely considered the greatest defender of his era - will manage the Rest of the World team. But there can only be one winner! Coaches will be available to transport delegates from the Congress Centre to the venue from 5pm tonight. Please ask a member of EnergyNet staff for details. The programme will continue next year at aef 2020 in Barcelona, to continue delivering value to those most in need.

DON’T FORGET TO PICK UP YOUR RAFFLE TICKETS FROM THE CLARKE ENERGY STAND TODAY (201) FOR THE

AFRICA CHALLENGE CUP THIS EVENING! YOUR CHANCE TO WIN OFFICIAL SIGNED MERCHANDISE FROM THE MANCHESTER UNITED LEGENDS MANAGING OUR TEAMS

VISIT THE CLARKE ENERGY STAND

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When Africa is your priority, we’re there.

With over 300 lawyers throughout the continent we are seen as “the go-to firm” for African deals and projects. You can access knowledge gained from our work on the ground in more than 45 African jurisdictions; providing a rare blend of cross-border capability and keen local understanding helping businesses thrive in the most challenging and dynamic markets. Download the Inside Africa app – a legal knowledge resource for businesses operating across Africa – at insideafricalaw.com Law around the world nortonrosefulbright.com/energy

Financial institutions | Energy | Infrastructure, mining and commodities Transport | Technology and innovation | Life sciences and healthcare


HIGHLIGHTS FROM DAY ONE

A long-term partner for Africa’s growing energy needs RÉFÉRENCES COULEUR

ENGIE logotype_solid_BLUE_RGB 14/04/2015

24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87 Web : www.carrenoir.com

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Deepak Thakur, CEO, Sterling & Wilson “We have a very strong Africa portfolio so it made sense for us to sponsor aef,” Deepak Thakur, CEO of Sterling & Wilson explained. “In India, we have gone through many of the same energy challenges that Africa is now currently going through so are in a perfect place to assist. This event will let the world see us!”

Renewable Energy Energy Infrastructure

YOU’RE INVITED!

Off-Grid Solutions for Access to Energy

Join Shearman & Sterling at stand 254 in the exhibition for some drinks from 4pm tonight –

Energy Services and Facility Management

see you there!

www.engie-africa.com

#ENGIEHarmonyProject

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THE aef EXHIBITION GETS UNDERWAY

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We bumped into old aef friend and colleague Patrick O’Driscoll, Director of Sales at Karpowership: “From Istanbul, Dubai, Mauritius last year, and now Lisbon; aef continues to go from strength to strength.”

Energy. In One Place.

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