Energy Forum 2010 Basel Switzerland

29 June to 1 July

Interim Programme

Ministers Make Their Mark 35 government ministers from Africa have discussed investment opportunities at AEF Salvador Namburete, Minister of Energy, Mozambique “I always enjoy participating at the Forum. Through this participation we have been able to push a number of our projects forward. It takes time, but we are beginning to see some light at the end of the tunnel.” Africa’s largest power, renewable energy & gas marketplace If power is your business, Backing Africa The countries that have Africa is the place to be, succeeded in attracting and AEF the marketplace. the most investment are those that make the most use of AEF to meet the By attending AEF in market. substantial numbers— over 300 came to Europe Held in Europe, AEF in the last two years— provides easy access to Africans demonstrate their the world’s major commitment to do investors, financiers, business. developers, and advisors.

Electrifying Africa’s Future www.energynet.co.uk AEF Works Investing in Africa’s Future

Africa’s Largest Forum Sponsor Africa Energy Summit Sponsor AfricaPOWER sponsor Power Meeting

The twelfth Africa Energy Forum will be held in Basel, Switzerland, from 29th June to 1st July, 2010. It is the world’s largest meeting on Aggreko is the world leader in the supply of The AES Corporation (NYSE:AES) is a Fortune Globeleq is solely focused on safely providing African power, renewable energy, biofuels and temporary power rentals and has been active in 500 global power company with generation reliable power to the emerging markets of Africa, Africa for over ten years. Currently, Aggreko is and distribution businesses. Through our the Americas,and Asia.Since the company's launch gas, and provides an annual marketplace for operating large-scale power projects in diverse portfolio of thermal and renewable fuel in 2002, it has become an active participant in the those active in the various sectors. countries such as Kenya, , Gabon, sources, we safely provide affordable and emerging markets power sector and is uniquely Uganda and . With 133 world-wide sustainable energy in 29 countries. Our positioned to continue its growth in these regions. Almost 410 delegates attended AEF 2009 from locations, including a recently-opened depot in workforce of 25,000 people is committed to Supported by a committed shareholder and a team South Africa, Aggreko provides 24/7 customer operational excellence and meeting the world's 40 countries. Africa was well represented, of dedicated professionals experienced in the support for single to multi-megawatt projects changing power needs. Our 2008 revenues operation and development of the emerging accounting for 35% of the total. What was for a variety of industries. Aggreko manages the were $16 billion and we own and manage $35 markets power sector, Globeleq continues to evident was that countries with promising IPP world’s most extensive fleet of containerised billion in total assets. actively pursue further acquisitions and new project programmes sent the largest delegations from generators, loadbanks, transformers and AES has been investing in Africa since 2001. development. ancillary equipment, allowing for rapid The AES Africa Power Company (“APCO”) is the Africa. Their proactive stance in engaging with mobilisation to respond to our customers’ dedicated organization to develop, acquire and Globeleq Ltd international investors and financiers is clearly planned or emergency power needs. operate assets throughout the region. 2 More London Riverside reflected by increased domestic business. London Steven Aitken AES Corporation SE1 2JT Managing Director,Africa Headquarters, U.S. / Tel +1-703-522-1315 United Kingdom The unique advantage of holding AEF in Europe Aggreko International is that it provides access to a large P.O.Box 17576 / Dubai / United Arab Emirates AES APCO Tel +44 (0)20 7234 5400 international audience. Basel was chosen as a Tel +971 4 8086 200 / Fax + 971 4 8835289 Headquarters, Douala, Cameroon / Fax +44 (0)20 7234 5486 [email protected] destination because the conference facilities [email protected] Tel +237-3342-47-66 are excellent, the city is conveniently located www.aggreko.com www.aes.com www.globeleq.com where Switzerland, Germany and France meet, AfricaPOWER sponsor and, contrary to perception, costs are Lead Exhibition Sponsor Africa Renewable Energy Sponsor competitive for delegates. Basel is home to the world’s largest contemporary art, watch and jewelry shows, and oddly the largest Military Dewey & LeBoeuf is one of the most active law Caterpillar Electric Power:Power Generation Greenberg Traurig Maher LLP was established Tattoo outside Scotland. Africa is not excluded firms in the continent of Africa and has been Solutions from a Single Source Provider in London by international law firm Greenberg from the growing importance of renewable recognized as “Africa Law Firm of the Year” at the Caterpillar and the worldwide Cat® dealer Traurig, LLP in 2009. Greenberg Traurig Maher energy, and Switzerland is positioning itself as Chambers Global Awards. We have had an network are committed to supplying you with the provides business-focused advice and legal services an important supplier of services. extensive Africa practice for more than a decade electric power systems you need. Cat Electric to UK and multinational clients spanning an array of and we are one of the few international law firms Power, a single source provider of diesel and industries.The firm’s Energy and Natural Resources with an office in Africa. We are committed to natural gas fueled generator sets, automatic Group draws on its multidisciplinary expertise to The AEF programme will look at how working with our clients in Africa for the long term transfer switches (ATS), uninterruptible power advise energy companies, utilities, project environmental concerns, development goals, and our office in Johannesburg is a symbol of that supply (UPS) and Switchgear – are engineered to developers, investors, regulators, governments, and and power supply interlink, and how to achieve commitment. work together. other energy industry participants. Our wealth of Working in over 40 African countries, our Africa Caterpillar offers worldwide product support, experience in the energy sector and extensive a positive outcome from this interdependence. Practice Group advises on significant projects, with parts and service available globally through capability in transaction, regulation, and litigation, A number of factors point to hydropower’s mergers and acquisitions,financings and disputes, the Caterpillar service and dealer network. In strongly positions us to provide the international growing importance. The increasing pressure particularly in the power generation (including addition, Cat dealer service technicians are energy and natural-resource markets with expert of consumers' demand for clean and renewables), oil and gas (including LNG and trained to service every aspect of Cat equipment. legal advice. Greenberg Traurig Maher's energy pipelines), mining and infrastructure sectors. For more than 80 years, Caterpillar Inc. has been specialists advise governments, sponsors, lenders affordable power is another feature that will be Our practice includes more than 50 lawyers making progress possible and driving positive and consortia on all aspects of the energy business discussed. African consumers increasingly practicing in offices around the world. We offer and sustainable change on every continent. With in markets across the globe, including most African require power and will find solutions if the global expertise with on the ground experience. 2008 sales and revenues of $51.324 billion, countries. We provide expert advice on state fails to provide it. A number of African Caterpillar is the world’s leading manufacturer of development,construction,operation and financing Joseph Tato / +1 212 259 8068 / [email protected] construction and mining equipment, diesel and for a wide range of projects, including renewables, countries have achieved impressive growth Greg Nott / +27 11 911 911 4301 / [email protected] natural gas engines, and industrial gas turbines. upstream and downstream oil & gas, liquefied rates over recent years despite stagnation in Olivier Chambord / +33 1 5393 6758 / For more information on Cat generator sets and natural gas (LNG), petrochemicals, coal and nuclear the output of power utilities. Individual, [email protected] continuous power systems, or to find the local distribution, transmission, and energy retailing. temporary and captive power have filled the Ben Donovan / +44 20 7459 5064 / Cat dealer nearest you, please email e-mail Neil Upton / Tel +44 (0)20 3349 8734 [email protected] [email protected] or visit the website at gap at a cost above the utility tariffs but which [email protected] www.dl.com www.cat-electricpower.com www.gtmlaw.com is still worth paying. Reliability is a valuable and, in some cases, essential attribute. Lanyard Sponsor Lunch Sponsor Programme Sponsor

AEF SPONSORSHIP Absa Capital, a leading South African Fieldstone is a leading transaction and Siemens is one of the largest electrical investment bank affiliated to Barclays Capital, financial advisor in the power sector in Africa. engineering and electronics companies recognizes the vital role Power and Energy plays as After entering the African market in 1996 with worldwide and holds leading market positions a catalyst to investment, industrial development the formation of the Johannesburg office, in all its business areas. and economic growth. Our combined knowledge Fieldstone became involved in a number of The Siemens Energy Sector is the world’s and extensive experience enables us to deliver on major power transactions in Africa, capitalising leading supplier of a complete spectrum of our mandates and meet the demanding on Fieldstone's worldwide reputation and products, services and solutions for the expectations of all our stakeholders. recognition in the electric power industry. generation, transmission and distribution of Drawing on the broader global experience of power and for the extraction, conversion and Anand Naidoo the firm, Fieldstone's work in Africa has transport of oil and gas. It consists of a Tel +27 11 895 6895 expanded to include gas, waste management, worldwide team of more than 83,500 people - AEF sponsorship offers opportunities to reach Fax +27 11 895 7809 airports, pipelines, roads, renewable energy and engineers, technicians and other specialists in 190 countries.Whatever your power generation the power and renewable energy market in [email protected] biofuels, as part of its growing portfolio in www.absacapital.com energy and infrastructure. needs are, we respond with our global network Africa faster through preferential publicity, of alliances and contacts, offer project prominent exposure on the conference platform, London administration, project financing, sophisticated and access to delegate details. Free tickets Tel +44 (0)20-7808 1500 technology and service solutions, and a wealth of experience. increase the opportunity for market contact. Johannesburg Siemens serves its customers as a reliable It makes economic sense. Tel +27 (0)11-775 2000 partner throughout the life-cycle of their power plant. We provide intelligent and To enquire about sponsorship contact New York environmentally friendly solutions to increase Bruno Cockburn Tel +1-212 626 1400 the profitability of our customer’s power plants. [email protected] www.fpcg.com www.siemens.com/energy

2 The Marketplace for Power Powering Africa’s Development

Website Sponsor AEF Conference Book Sponsor Badge Sponsor What the People Say “I always enjoy participating at the Forum. Through this participation we have been able to push a number of our projects Manitoba Hydro International Ltd. (MHI) Trinity International LLP is a niche project The Netherlands Development Finance forward. It takes time, but we are assists power utilities, governments, and private finance and corporate law practice founded to Company (FMO) is the international beginning to see some light at the end of sector clients worldwide to deliver electricity advise on major power, natural resources and development bank of the Netherlands. FMO the tunnel.” efficiently, effectively and in a sustainable infrastructure transactions in Africa and other invests risk capital in companies and financial manner.As a wholly-owned subsidiary of one of jurisdictions. Trinity advised on the Project institutions in developing countries. With an “Thank you very much for organising this the largest and oldest electric power utilities in Finance /Euromoney “Africa Renewables Deal of investment portfolio of euros 4,2 billion, FMO is excellent event! By bringing the people of Canada, MHI has provided utility infrastructure the Year 2009” (Olkaria III, Kenya) and the one of the largest bilateral development banks this emerging industry together in a forum management, consulting and training services Project Finance/Euromoney and PFI “Africa worldwide. FMO's mission: to create flourishing to over 60 countries worldwide. MHI has Power Deal of the Year 2008” (Rabai, Kenya). enterprises, which can serve as engines of where a real exchange of ideas is possible established itself as an ethical, environmentally Trinity is rated by Chambers & Partners. sustainable growth in their countries. (and not only boring presentations) you responsible provider of high quality utility FMO offers a full range of financial instruments contribute largely to the development of services to the international power sector for Paul Biggs / [email protected] for the benefit of private companies and this industry. It is especially helpful that the past 24 years. Patrick Leece / [email protected] financial institutions in developing economies. you attract so many high level African Eric Maxwell Simon Norris / [email protected] FMO specializes in providing local currency Tel +1 204 480 5585 / [email protected] Conrad Marais / [email protected] financing, local currency guarantees and attendants which creates the necessary Tel +44 (0)20 7653 9700 currency swaps with the long tenors that are dialogue between the cultures and www.mhi.mb.ca needed for most infrastructure projects. FMO continents.” www.trinityllp.com concentrates on power (generation, Bag Sponsor transmission and distribution) with a further “The forum was the best ever. Coffee Sponsor focus on renewable energy and projects in Least Congratulations! I look forward to next Developed Countries. year.” The Africa portfolio is the largest of FMO's regional portfolio's. FMO is considered to be a “We found AEF2009 a good platform of A member of the French Development Agency valuable partner in energy and infrastructure establishing contacts and build bridges for (AFD) group, PROPARCO is dedicated to projects in Africa. financing private sector projects in emerging Allen & Overy LLP advises sponsors, lenders the future.” and developing countries, with a special focus and governments on the structuring,development Bernhard van Meeteren “As a first time participant this is a great on Africa. PROPARCO is unique among and financing of energy projects throughout [email protected] or [email protected] networking event.” Development Finance Institutions for its focus Africa. With full service, multi-lingual teams Tel + 31 (0)70 314 9665 on Infrastructure and Africa. PROPARCO offers operating out of Paris, London, Dubai, New York Fax + 31 (0)70 314 9753 “The conference was stimulating and an equity as well as debt financing and is a leading and other key centres,our integrated international financier of renewable energy projects. www.fmo.nl excellent place to network! I understand projects group is a partner at the forefront of new that this was the first time Biofuel had a Jérôme Bertrand-Hardy developments in this exciting market. [email protected] / Tel: +33 1 53 44 34 85 day, if so, then target this sector more as it www.proparco.fr Tim Scales was a good session for those who came [email protected] to it.” Café Sponsor Tel +33 1 40 06 53 76 “The launch of the Africa Renewable Fax +33 1 40 06 54 54 Energy Forum is a great success! There www.allenovery.com is already significant interest from various stakeholders on renewable energy. Chadbourne & Parke LLP provides Getting, in particular, the European unparalleled legal advice to the world's leading Coffee Sponsor power and industrial companies, commercial renewable energy business community to banks and development funding agencies, and the AEF would be a great achievement.” government entities in the development and “To be clear : This has been an excellent financing of energy and other infrastructure projects, the sale and acquisition (including event and I can strongly advise any privatizations) of energy-related assets and APR Energy LLC specializes in the rapid biofuel industry player to attend!” companies, and the structuring that improves development of turnkey power generation “It was great meeting you all last week. the value of these assets in the U.S. and abroad. solutions coupled with comprehensive operation Ranked among the leading advisors in the and maintenance services and ultimately the Congratulations on bringing together world, Chadbourne has been involved in sale of reliable and efficient electricity to its some of the best brains in the biofuel transactions in the energy sector in over 15 global customers. World class products sector!” African countries since the mid 1990s. combined with an innovative commercial and financial framework enables APR to deliver its “I actually had lunch yesteday in Croydon Lynne Gedanken energy to Utility and Industrial markets with one of the guests at AEF from...... [email protected] throughout the world. Tel +1 202 974 5646 / Fax +1 202 974 5602 before he flew back to Nairobi, very good Robin Mizrahi Paul Marcroft contacts made at this years event.” [email protected] [email protected] “The lunch was perfect. It was a really Tel +44 20 7337 8011 / Fax +44 20 7337 8001 Tel +1 904 223 2281 fruitful forum for me regarding the www.chadbourne.com www.APRenergy.com networking for potential collaboration and Increasing Investment in Power Ministers Make their Mark* also the meetings permitted me to learn a There is a correlation between levels of Angola • José de Vasconcelos, Charles Keter, Assistant Minister Steel • Rilwanu Lukman, lot.” attendance at the Africa Energy Forum and Minister of Energy & Water • for Energy • Mwangi Kiunjuri, Presidential Adviser on Energy • “With regard to EnergyNet, your Cameroon Jean Bernard Abdallah O Kigoda, levels of foreign investment in the power • Assistant Minister of Energy • • organisation was superb, and I mean the Sindeu, Minister of Mines, Water Francis Masakhalia Minister of Minister of Energy and Minerals sector. Governments participation in AEF also • people working on it. The professionalism Resources & Energy • Central Energy • Simeon Nyachae Daniel Yona, Minister of Energy & reflects a country’s ability to attract African Republic • Sylvain Minister of Energy • Chris Okemo, Minerals • Senegal • Madicke of your team and attention to the people at investment. Ndoutingai, Minister of Mines and Minister of Finance • Morocco • Niang, Minister of Mines & Energy the conference was five star and I thank Energy Ethiopia Alemayehu Mohammed Boutaleb, Minister of Macky Sall, Minister of Mines, you for that.” African attendance at AEF 2009 • • Tegenu, Minister of Mines & Energy and Mines • Mozamique Energy & Water • South Africa • Energy • Gambia • Musa Sillah, Castigo Langa, Minister of P Mlambo-Ngcuka, Minister of Minister for Trade, Industry & Mineral Resources & Energy Minerals & Energy • Jeff Radebe, Employment • Ghana • Simon Salvador Namburete • Minister Minister of Public Enterprises • Anyoa Abingya, Deputy Minister of Energy • Uganda • Syda Bbumba, of Mines & Energy • Paa Kwesi Klaus Dierks, Deputy Minister of Minister of Energy and Mineral Nduom, Minister for Energy Mines and Energy • Nickey Development • Daudi Mike Oquaye, Minister of Energy Iyambo, Minister of Mines & Migereko, Minister of Energy & • Ivory Coast • Angele Boka Energy • Henock Ya Kasita, Mineral Development • Agoussi, Minister of Water & Deputy Minister of Mines & Energy Celestino Chibamba, Deputy Forests • Leon Emmanuel • , Minister of Minister of Energy & Water Monnet, Minister of Mines & Energy • Jesaya Nyamu, Minister Development Energy • Kenya • Ochilo of Mines and Energy • Nigeria • Ayacko, Minister of Energy • Liyel Imoke, Minister of Power & *Ministers who have attended AEF 3 AfricaHardball Africa Energy Summit Tuesday June 29 Tuesday June 29 TH E POLITICS O F ENERGY ENERGY DEVELOPMENT GOALS Pre-AEF Executive Briefing 12:30 Buffet lunch Making a Difference 14:00 09:00 AfricaHardball is an executive dialogue, conducted under the The challenge Punching beyond its size Chatham House Rule, bringing together policy-makers, industry The challenges facing Africa’s energy sector are many. Switzerland may be small, but when it comes to leaders and analysts to discuss the political issues that will shape Achieving universal access to electricity for most sub- renewable energy, it can show others a thing or two. African energy markets. Saharan countries remains remote. With accelerating demand outstripping supply, governments are under Making a difference Politics & People further pressure to rapidly expand generating capacity to African governments acknowledge responsibility for Now in its fifth year, Hardball gives a frank assessment of the fuel economic growth and meet development goals. instituting investment-friendly structures to develop the politics and people who shape Africa’s role in the global energy Consequent greenhouse gas emissions under power sector. industry, with experts giving insights rarely voiced in open forums. conventional power-supply scenarios would be Energy Development Goals Energy Policy unacceptable to the global community. The European Commission and the African Union are AfricaHardball 2010 will examine key political and economic events cooperating to end Africa’s energy trap. to see how they may influence short and long-term policy-making. The right to light The right to light Scenario Building Policy makers and commentators acknowledge that Initiatives by the United Nations Development The ‘HardBall club’ will continue with its scenario-building exercise as without access to reliable, safe and modern energy Programme target energy poverty as a principal obstacle a tool for forecasting likely outcomes in the African energy sector. services, economic development and social well-being will to Africa’s economic development. be thwarted. This inseparable dependence raises the Programme spectre of energy poverty, inconceivable to most in the The right to growth A detailed programme will be available at a later stage. In the West, but an everyday reality for most in Africa. Economic growth in Africa could undermine the meantime, more information and cost is available from Jon Marks, international community’s climate change initiatives. one of the world’s leading commentators on African energy matters For most African countries, universal access to electricity What are the guarantees that the funding mechanisms ([email protected]). remains a remote aspiration. Although demand under the Copenhagen protocol will work? continues to outstrip supply, governments’ response is curtailed by inadequate funds and political expediency. 15:30 Discussion Private sector contributions are stymied by bureaucracy AfricaPowerDeal and risk mitigation. 16:00 Coffee The perception, although not entirely correct, is of logjam. Can the international community, in pursuit of Driving Power Thursday July 1 the Millennium Development Goals, unlock initiatives and 16:30 develop sustainable energy services that will palpably MAKE I T HAPPEN alleviate the grinding energy poverty of so many African Energy Development Goals communities? African energy ministers identify plans to ensure the Post-AEF Executive Roleplay country’s energy goals are realized. 14:30 The right to growth Who will emerge as investors? Climate change links energy, development and the In it for the long term–investors continue to show interest Completion of African power deals has been a rare occurrence. And environment, and presents a challenge to policy makers despite the slow pace of change. Has the economic crisis everyone has an opinion why. These opinions often concur. Power to foster transformative growth in developing regions permanently changed investors' enthusiasm for African executives focus years of experience. Academics paw over without adding to the world’s total carbon output. infrastructure? mathematical explanations. But still the successful power deal evades the wiles of the most seasoned negotiator. What will the flawed Copenhagen accord mean for The need for power Africa? Will it facilitate the much needed increase in For too long underestimated, but now an unmeasurable The Africa Power Deal hopes to bag the definitive answer, or failing energy services that are ideally carbon efficient or will it force. Satisfying demand will reap rewards. that, give some glimmer of insight into the process of negotiating a successful deal. simply add an extra burden on African decision-makers? Captive power Meeting demonstrable demand for power independently. Players in the African power sector—in a demonstration of The right solution What does it say about the willingness to pay for reliable unparalleled cooperation—will pool their extensive experience by Renewable energy services will naturally feature but most power? enacting the machinations of a typical power deal. agree that Africa will also require a substantial increase in State power With the intention of generating audience participation, conventional power generation. How can African utilities replicate success stories? representatives from developers, lenders, and utilities will sit Large hydropower projects occupy a difficult position in the around a negotiating table with their legal advisors and in a “case Chinese power environment discourse. On one side carbon neutral but Rapid response is not their only reason for success in the study” scenario dissect some of the key issues in finalising a deal: also potentially obliterating countryside and decimating sovereign guarantees, termination compensation, force majeure African power market. communities. But with Africa’s hydropower potential and more. hugely underutilized and the massive need for electricity, 18:15 AEF Welcome Reception It is hoped that this process would give insight into factors that both large and small projects will be a future focus. inform the decision, or lack of decision, of the parties involved. The Polarization around the benefits of nuclear persist, and discussions could prove a useful reference for actual negotiations. Greater understanding of the pressures felt by others should its use in sub-Saharan Africa, besides South Africa, will be temper unrealistic requirements. At least, one can hope so. problematic unless affordable, small, safe modular units become feasible. The growth of thermal power will What are the minimum requirements needed for a deal that all depend on the availability of fuel. Where gas is available, parties want to see completed? it will be the fuel of choice. But large reserves of cheap coal, as exist in Southern Africa, will ensure its continued Those interested in providing questions for the Africa Power Deal script should contact use. The advantage of coal-plants, however, may narrow with requirements to meet emission targets or policies to Rod Cargill ([email protected]). price carbon.

4 AfricaPOWER AfricaPowerCaucus Wednesday June 30 Thursday July 1 POWER PROVISION POWER TALKS What Will Make a Difference? What is Happening? What Works? 09:00 14:30 09:30

The cost of power Kudu Power In past years, the Africa Power Caucus has examined, in the Are cost-reflective tariffs with targeted subsidies the way The Russians have made a difference. opinion of experts involved with power projects, what is required to forward? expand Africa’s power capacity, both public and private. The Gilgel Bibe III session has drawn on themes arising throughout the conference, to Sovereign guarantees An exercise in international cooperation to bring make predictions and suggestions for the next year. Their importance in facilitating projects is acknowledged, hydropower on stream. even by those who established a moratorium. How far Despite remarkable consensus, projects continue to falter or fail has this acknowledgement proceeded and will it make a Mozambique even to gestate. The obstacles cited are many and interrelated, difference to project development? What are the constituents that make the country a and the ensuing complexity compounds the problem. Add to this potential regional powerhouse? the elements of political and economic uncertainties, and the A replicable PPA formula probability for success seems even more remote. Nevertheless, Could a standard agreement address the concerns of the West Africa projects do succeed in Africa and other developing regions. How? buyer and seller? Can hydropower projects fill the gap left by dilatory gas? The characteristics of a well structured project are well-known and Nigeria relevant. The difficulty is that they act in concert, and if one is out The Scope for Diversification Functioning without state power shows resourcefulness. of tune, substantial effort is needed to salvage the project. All too Hydropower Why is it so difficult to channel this through the PHCN? often no one person or institution is assigned the responsibility of directing the project. Months of effort, at huge cost, are wasted. With substantial upfront costs and environmental In the end, the decision-making process is key. concerns, what is required to utilise Africa’s significant Mmamabula It must happen? hydropower potential? Commitment Works Nuclear power 16:15 Coffee Confined by cost to South Africa? The list of factors required for a project’s success is long. The issues below will certainly feature in the Africa Power Caucus Renewable energy discussion, among others. Unless fully embraced by utilities, international power POWER FINANCE 16:45 • The right policies developers, and development financiers, its contribution will be small. Without political will, failure is likely. Some of the taxing topics that will be debated in the • 10:30 Discussion finance session are listed below. Access to credit is easing. Continuity is important But protecting the value of investments is an under- Without the capacity to take long-term decisions within 11:00 Coffee standable preoccupation that can lead to misunder-- government departments, progress is likely to be compromised. standing and protracted negotiations. Experts will offer • The right advice Who Will Make a Difference? their advice on how best to achieve financial closure. Government departments need to have access to professional • Development finance institutions economic, financial and judicial advice–and to follow that 11:30 Major providers but they want to see the reemergence advice. Governments of commercial banks. • What does the service cost? How can they make a difference? • Commercial banks Commercial risk and the cost of delivering an efficient service need to be clearly articulated. Regulators Emerging more focused and resilient. Where are they making a difference in Africa? • Project finance • What is the right tariff? Without an agreement and the right guarantees, project Africa power utilities Simplicity and creativity is the essence. collapse is almost a certainty. Tasked with making a difference but why do they find it • An equity stake so difficult? Is an expected return of 20% plus required? • Takes two to tango Investors need to understand government concerns and China • Financing hydropower put in place a process to address them. Who else could provide 12,000 MW? Shorter tenors require higher tariffs—how feasible is this? • A need for speed Mobile power providers • Capital markets Both parties need traction; they need to see progress. How else will African countries access power to sustain A material source of finance. Sticking points should be anticipated. economic growth? • Public-private partnerships • The will to make it work Kenyan power sector Governments’ preferred option—but that’s not a Commitment is hard to quantify, but that should not detract Their policies are replicable, so why have others not guarantee of success. from its importance. Given the above difficulties, a lack of followed suit? dogged commitment will heighten the possibility of failure. • Guarantees Independent System Operator Not an unreasonable request for a well-structured project? What difference will they make to the purchasing of Practical Action independent power for South Africa? • Pension funds How effective a source of finance are they? Based on experience, the Africa Power Caucus will pose the 12:45 Discussion question to governments, investors, financial institutions, and • Carbon credits 13:00 A taste of Switzerland advisors: What single, concerted action is needed in 2010 for the Loads of cash or waste of time? African power sector to make a step change that will create an Hosted by 18:00 Close of AfricaPower attractive opportunity for investors and utilities? AEF Reception 13:00 Close of the Africa Power Caucus and

Farewell Lunch

5 Africa Renewable Energy Forum AfricaBIOFUELS Wednesday June 30 Thursday July 1 TH E FUTURE AN AFRICAN SOLUTION Energy challenge Development sector The Right to Decide To meet Africa's energy requirements within the Post Copenhagen: too little too late? 09:30 constraints set by the global climate change agenda is indeed a challenge. It is difficult to see how this could be Carbon credits: will they fund African clean energy? The African perspective possible without a prominent role for renewable energy DFIs: a preference for renewable energy, but how • What criteria do governments use to assess the economic in the energy mix. This will not come cheap, and a consistent is this with their development objectives? and social benefits of establishing a domestic biofuels reliable mechanism needs to be in place to access funds industry? that will support the transfer and implementation of Soft loans: how do you approach financial institutions sound and sustainable technologies. for their investment? • How practical is it to ensure projects are being designed and operated under transparent, consultative and Environmental challenge Private sector participatory processes that involve all relevant stakeholders? The environmental concerns surrounding Africa’s energy Post credit crunch : do commercial banks have an • Is international scrutiny justified? needs are starkly outlined by the fact that sub-Saharan appetite for African renewable energy projects? Africa is the world's largest consumer of biomass energy, The European perspective Venture capital and private equity investment: what with firewood accounting for 65%. Continued consumption • How important would biofuels imports from Africa be in makes a renewable energy project viable, what are the risks? at this rate will have catastrophic consequences. Africa meeting Europe’s targets? has the world's second largest rainforest and is one of the Sustainable and responsible investment funds: can world's most important carbon sinks. they provide energy access for the poor? • What are the European standards and criteria for sustainable biofuel production? Are local banks fulfilling expectations? Developmental challenge • How would these apply to Africa? Energy is an indispensable ingredient for all economic Public sector activities. The challenge for Africa is to provide affordable • Who would pay for the cost of verifying and monitoring access to energy services. The huge distances between Climate bonds: long-term debt repayable at pre-agreed the sustainability of biofuel production in Africa? towns and villages makes connection to the grid for many rates, guaranteed by governments. What are the communities expensive and unlikely. It is here that renew- practicalities? The international investor perspective able energy services can have a significant impact, but it is • What changes are occurring in global biofuels demand paramount that they are sustainable. Africa is littered with Local shareholders: are government treasuries and and trade patterns? pension funds ready to share the risk? failed or inadequate renewable energy projects. These are • Why have a number of international oil companies resources that no one can afford to waste. Efficiency Solutions shunned large-scale biofuel production in Africa? Government Solutions 14:30 • How can smaller investors hope to be profitable? 09:00 Energy efficiency makes both economic and • How deleterious are the anti-biofuels campaigns? The challenge is how to implement renewable energy environmental sense. Where feasible, cogeneration projects. If price is a barrier in the West what must it be should be encouraged. But tariff structures are not • Can carbon credits be used to finance African biofuels for most African countries? Participants will examine always benign. Rectifying this aberration should be a projects? government priority. How do companies, both large and propositions by selected African countries for increasing The focus for newly industrialized countries their use of renewable energy. small, get access to renewable energy technologies to improve their energy efficiency? • Africa would seem an obvious focus for the Brazilian Investor confidence biofuels industry. To what extent will it expand into Africa? Promoting a reliable, comprehensive and bankable Cogeneration An essential source of power that should be utilized. • Can China’s sphere of influence be expected to extend to framework for the development of renewable energy. biofuels, and will this raise the inevitable question of An update from Mozambique. Demand management sustainability? Green taxation Easy to implement or simply marginal? Incentives for investment in the geothermal industry. Risk mitigation Models for Success An update from Kenya. How can companies offset the vulnerability of switching Feed-in-tariffs to new technologies? Companies need to balance local development objectives How accurate is the claim that South Africa is one of the with their duties to shareholders. What models can bridge Financing energy efficiency business requirements with local community needs? most cost-effective places to invest in renewable energy in What are development and commercial financial the world? institutions looking for when they consider supporting Contracted small holders Secure offtake agreements new and possibly untested technologies? Can Brazil's Social Fuel Deal be easily replicated? Examples of issuing PPAs for renewable energy projects Jatropha with national power distributors. An update from Egypt. Best Practice Can small-scale production fuel local electricity production? Promoting decentralised power services 16:45 Collective success Minimal regulation for small scale renewable energy Existing renewable energy projects will be examined to Cooperative models can give small farmers independence generation. An update from Uganda. identify pitfalls and establish criteria for best practice. and financial security. Selection process for projects Project stages Environment How can governments speed up licensing for projects? •Technical site study•plant cost-analysis• site purchase Local biofuels can replace traditional biomass, with Competitive bids • site preparation • environmental impact assessment demonstrable benefits to the environment. Is this really the way forward for renewable energy projects? • generation permit • interconnection engineering • EPC procurement • O&M procurement • PPA LoI Downstream Financial Solutions • PPA negotiation • long-term equity Developing the logistics, transport, storage, refining and • financing agreements • financial closure processing, distribution and shipping industries. 11:30 Where will the money for renewable energy projects in AREF will ask participants to identify what, in their Africa come from, and how will an impoverished experience, are the key issues for success in negotiating 13:00 Lunch population pay for the services? renewable energy projects.

6 Organisations who attended the AEF EXHIBITION 2009 Africa Energy Forum Angola • Barloworld Equipamentos Angola Lda • Empresa Nacional de AfricaGAS Electricidade de Angola • Argentina • PAConsulting Group • Belgium • Fortis Bank • New Frontier Services • Siemens NV/SA • Cameroon • AES Africa Power Company • Electricity Sector Regulatory Agency • Canada • Canadian Wednesday June 30 Gas Services International Ltd. • Energy Consultants International Inc • GE Energy - Global Sales • Manitoba Hydro International Ltd • Croatia • Chrysallis D.O.O • Democratic Republic of the Congo • Société Nationale TH E POWER O F GA S d'Electricité (SNEL) • Denmark • Burmeister & Wain Scandinavian The AEF Exhibition is the hub of the Contractors (BWSC) • Burmeister & Wain Scandinavian Contractors AS marketplace. It is where the business is done, (BWSC) • Frontier Market Energy & Carbon Fund / Confederation of Danish Where’s the Gas? Industries • Semco Maritime • Egypt • El Sewedy Cables • El Sewedy Electric where the delegates socialize, where the T&D • GE Energy - Power Generation • Mantrac • Mantrac Group - Power 09:00 welcome lunch is held, where coffee is served. Systems • Ministry of Finance • Finland • FINNFUND • Nokia Siemens Networks • France • 4D Global Energy Advisors • Africa Power Systems • Companies that exhibit are at the heart of the Fuel for power Agence Française de Développement (AFD) • Aggreko International • Allen & forum. Overy LLP • Alstom • AREVA T&D • Biocar/La Compagnie Du Vent • CERA - Does Africa have enough gas to fuel regional power Cambridge Energy Research Associates • Chapin International LLC • expansion? They stand out. Clemessy SA • Clifford Chance Europe LLP • ContourGlobal • Cossanex S.A • Coyne et Bellier • D.V. Offshore • Dewey & LeBoeuf LLP • EDF • EDF - To reserve a stand space contact Centre d'Ingénierie Hydraulique • EDF /DPFI • Empower • Energie de la Lune Who has the money? • ETDE • GE Energy - Aero • Gemco • Indigo Publications • International Will development of Africa’s gas reserves be largely export Sophie Mew Industry Services /CCI Bordeaux • MAN Diesel • NATIXIS • Philia Consulting driven? • Pramac Group • Proparco • Simmons & Simmons • Société Générale • [email protected] Sofreco • Total • United Nations Environmental Programme • Vergnet SA • An environmental premium Germany • Afrika-Verein (German African Business Association) • DEG GmbH • Fichtner GmbH & Co KG • GTZ GmbH • KfW Entwicklungsbank • Can countries like South Africa afford to import gas? AFRICA ENERGY YEARBOOK Lahmeyer International GmbH • MAN Diesel SE • Siemens AG • Stofanel Investment AG • Voith Hydro GmbH & Co.KG • Ghana • Ecowas Regional Need more gas 2010 Electricity Regulatory Authority (ERERA)• Electricity Company of Ghana• GE What happens if the power sector’s demand for domestic Energy • Newmont Ghana Gold Ltd. • Hong Kong • Baker Botts LLP • International Finance Corporation / IFC • Iran • Iran Power Plant Projects gas exceeds supply? Egypt is a possible example. Management Co. /MAPNA• Ireland • ESBI Carbon Solutions • Israel • Ormat Industries • Italy • Ansaldo Energia SpA• E C- Joint Research Centre-Institute for Energy- Renewable Energy Unit • Food & Agriculture Organisation of the On the Move United Nations - FAO • Ivory Coast • Agence Nationale de Régulation de l'Electricité (ANARE) • Compagnie Ivoirienne d’Electricité / CIE • Kenya • 11:30 Anjarwalla & Khanna Advocates /Africa Legal Network • Energy Regulatory Commission • GE Energy • GE Energy-Global Sales • Geothermal Namibia after the logjam Development Company • Kenya Electricity Generating Co (KenGen) • Kenya What does it take to get gas flowing to a power station? Electricity Generating Company Ltd • Kenya Power & Lighting Co • Ministry for Energy • PriceWaterhouseCoopers • PSDA (Promotion of Private Sector Songo Songo Development in Agriculture) • TransCentury • Tsavo Power Company Ltd • United States Agency for International Development (USAID) East Africa • There’s no swan song yet. ADVERTISE YOUR PRESENCE Lebanon • Melec PowerGen Inc • Luxembourg • European Investment Bank Circulated to all AEF delegates, to government • Mozambique • Cahora Bassa Hydroelectric Dam • CNELEC • Electricidade Kenyan gas de Moçambique E.P. • Hidroeléctrica de Mphanda Nkuwa S.A • Ministry of Nascent but nice. agencies, to major multilateral organizations, and Energy • National Fund for Energy (FUNAE) • Vale • Namibia • Electricity to leading energy companies, the Africa Energy Control Board • NamPower • Ministry of Mines & Energy • Netherlands • Aeolus Associated SA• E+Co Europe • Energyst International Projects • FMO Gas for the public good Yearbook 2010 publishes articles on how the - Netherlands Development Finance Company • Ministry of Foreign Affairs • Ghana gets its gas-gathering policy right? Rimas • The Wind Factory International BV • Wärtsilä Corporation • Wärtsilä interlinking of the energy sector, global Netherlands BV • Nigeria • Adepetun, Caxton-Martins, Agbor & Segun • Gas guzzling environmental concerns, and development goals Aggreko International • Delta Integrated Development Programme • GE Energy - Global Sales • Nigerian Electricity Regulatory Commission (Nerc) • What went wrong with Nigeria’s plans to stop gas flaring? affects Africa’s prospects for growth. Statistics, a Norway • Jacobsen Elektro A/S • Norfund • Rwanda • Mininfra Rural Energy, list of Africa power-sector investors, and a BTC-CTB Belgian Technical Cooperation • Senegal • Commission de Mozambique gas Régulation du Secteur de l'Electricité • South Africa • ABSA Capital • Africa Making the most of its reserves. directory of generator suppliers are also included. Next Investment Holdings (Pty) Ltd • Barloworld • CIC Energy Corp • Development Bank of Southern Africa (DBSA) • Empower • Fieldstone Africa (Pty) Ltd • GE Energy- GDSI • GE Energy- Global Sales • Harith Fund To advertise contact Managers (PTY) Ltd • Investec Capital Markets • MTU South Africa • Piped Gas Jenni Dodd Muelekanyi • National Energy Regulator of South Africa (NERSA) • Nedbank 14:30 Capital • NETGroup Solutions Holdings (PTY) Ltd • New African Global [email protected] Energy SA • New Energy Finance • Pebble Bed Modular Reactor (PBMR) Pipe dream 1 (Pty) Ltd • PIESA • Spintelligent • Transwire • USAID/Southern Africa • Utho Capital (Pty) Ltd • Wärtsilä South Africa (Pty) Ltd • Spain • Iberdrola Ingenieria 1 billion dollars later and still no gas. Why has the West y Construccíon • Solarpack • Swaziland • SEC (Swaziland Electricity African Gas Pipeline not caused more of a scandal? BASEL Company) • Sweden • ABB Power Technologies • Siemens Industrial Turbomachinery • WEF-Energy Poverty Action • Switzerland • Alstom Pipe dream 2 (Switzerand) Ltd • Caterpillar Power Generation Systems • Caterpillar SARL • Green Power Holding AG • World Economic Forum • Tanzania • Africa Why should the Trans-Saharan Gas Pipeline prove to be any Biofuel and Emission Reduction Company (TZ) Ltd • Energy and Water more successful than the WAGP? Utilities Regulatory Authority (EWURA) • Ringo & Associates/Africa Songas Ltd • Tanzania Electric Supply Co Ltd (TANESCO) • Wind-East Africa Ltd North Africa (Wind-EA) • Tunisia • African Development Bank • United Arab Emirates • Where pipelines work. What are the lessons for southern Abu Dhabi National Energy Company PJSC (TAQA) • Aggreko International Ltd • Aggreko International Projects Ltd • Baker Botts LLP • Chadbourne & neighbours? Parke • GE Energy • GE Energy - Aero • Middle East Investment & Located in the heart of Europe where the Swiss, Management Company/MIMC • Mubadala Development Company • United Southern Africa German and French borders meet is Basel. Kingdom • Actis Capital LLP • Africa Confidential • Africa Investor • Africa Is there anything we should know about? What is the Project Development Office | SOJITZ UK PLC • African Energy • Aggreko The colourful, vibrant historic Basel lies on the PLC • Aldwych International Ltd • Allen & Overy • Aqua Media Ltd • Barclays potential demand for piped gas? banks of the Rhine; here this great river leaves Capital • Barlow Lyde & Gilbert LLP • Chadbourne & Parke • Chadbourne & Parke LLP • Challenge Energy Limited • Clifford Chance • Control Risks • behind the mountains and curves from east to Cross-border Information • Denton Wilde Sapte • Dewey & LeBoeuf LLP • Bubbling Away north to flow through the city’s centre. On the DLA Piper • DLA Piper UK LLP • Empower • European Copper Institute/JEL Consulting • Fieldstone Africa (Pty) Ltd • Fieldstone Private Capital Group Ltd 16:15 Rhine’s southwest bank is the beautifully • Frontier Markets Fund Managers • Globeleq • Gowlings (UK) LLP • preserved Old Town. Standing guardian over the GuarantCo • HSBC • InfraCo Management Services Ltd • JLTRS /Jardine Under the lake Old Town is Basel’s famous 12th Century Lloyd Thompson, Ltd • McKinsey & Co. • Mott MacDonald Ltd. • Nedbank Methane extraction from Lake Kivu makes economic sense, Capital London • Norton Rose • PA Consulting Group • PPA Energy Ltd • and perhaps more importantly it will prevent a natural cathedral, the Münster. Protim Solignum Ltd • PSC Industries Limited • Rolls-Royce Diesels Power Art is firmly integrated into Basel culture. There is Business • Scott Wilson Ltd • SeWA (STEAG encotec West Africa) • Shadbolt disaster. LLP • Siemens Industrial Turbomachinery Ltd • Simmons & Simmons • Sun a diverse collection of over 30 museums and Biofuels • The Risk Advisory Group • This is Africa • Trinity International LLP • Coalbed methane numerous galleries–to name just two: the Classic White & Case • ZIMNRG Plc • United States of America • Africa Energy and Renewables • APR Energy • ContourGlobal • Dewey & LeBoeuf LLP • GE In theory competitive? Art museum and the Beyler Foundation, one of Energy Global Sales • Global Partnership on Output-Based Aid • Grynberg Europe’s top galleries for modern art. Petroleum Co/ RSM Production Corp • Hunton & Williams LLP • International Landfill gas-to-power A panoramic view of the city can be enjoyed from Finance Corporation (IFC) • Marison Energy Systems • Millenium Challenge Could a feed-in-tariff generate a new gas sector in South Africa? Corporation • Millgate Capital • Nexant Inc • Ormat Power, Inc • PAConsulting the Messeturm, Switzerland’s tallest building. Group • Richmond Development Company • SOL, INC. • Symbion Power • Basel and its environs can also be experienced Symbion Power Services US, Inc. • The World Bank • USAID Africa Bureau AFR/SD/EGEA • World Business Inc. • Zambia • Copperbelt Energy 18:00 Close of AfricaGAS from the water with various boat trips on offer Corporation • Energy Regulation Board • Enfin Solutions • Itezhi Tezhi Power down the Rhine. Corporation Ltd

7 Africa Energy Forum 2010 Electrifying Africa’s Future Registration Information Delegate Registration Form

Registration: 11:00 Tuesday June 29 Please register those listed below at Euros 1237.40 (1150 + 87.40 VAT) per delegate, Conference: 14:00-18:00 Tuesday June 29; 09:00-18:00 Wednesday June 30; less discount if applicable. There is also the facility to register online. and 09:00-16:30 Thursday July 1 Full name: ______Receptions: 18:30 Tuesday June 29 & 18:15 Wednesday June 30 Position: ______Registration Fee: Euros 1150 + (7.6% Swiss VAT) = Euros 1237.40 There are attractive multiple delegate discounts. Full name: ______Position: ______Multiple Delegate Discounts Company/Organization: ______Discounts for companies booking two or more delegates are: Delegates Discount Cost per delegate Total Euros VAT registration No.: ______2 5% 1092.50 + 83.03 VAT 1175.53 Address: ______3 10% 1035.00 + 78.66 VAT 1113.66 4 15% 977.50 + 74.29 VAT 1051.79 ______5+ 20% 920.00 + 69.92 VAT 989.92 ______

The fee covers: Tel: ______Fax: ______• Access to all AEF sessions Email: ______• Access to all AEF receptions and lunches • A copy of the AEF Conference Book Company activity: ______• Membership of the AEF MarketSite on the internet until March 2011, allowing delegates to: Signature: ______Date: ______• download conference presentations • access a list of delegates as they register • contact other delegates via the site before and after the conference Please debit my Credit Card No. – – – – – – – – – – – – – – – –

Registration: Delegates can register on the conference website or by phone, fax or Security No. (Usually on the signature strip) – – – post—details are on the registration form opposite. Expiry Date: ______Cancellation: The fee is non-refundable if cancellation is received after June 1, 2010. The card is in the name of: ______For a cancellation before this date the fee will be refunded, less a handling charge of euros 100. Delegates can be substituted at any time. Visa/Master/Euro J Diners J Venue: Congress Center Basel, MCH Messe Schweiz (Basel) AG, CH-4005 Basel, Credit card billing address: ______Switzerland. ______Hotel accommodation: Basel Convention Bureau has secured hotel rooms for the Africa Energy Forum in Basel. To reserve the hotel of your choice you are strongly ______advised to book as early as possible. Details of hotels and their rates will be sent to delegates on registering and are subject to availability. Payment by Bank Transfer (attach copy or supply full details of transfer). Conference programme: EnergyNet reserves the right to alter the Africa Energy Payment should be made through the Royal Bank of Scotland plc, quoting Forum timing, content, and speakers. The contract is subject to English law. (1) account energyne-eur1; (2) Account holder EnergyNet Limited; and Data Protection: Personal data is gathered in accordance with the Data Protection (3) swift(BIC) code RBOS GB2L (IBAN GB34 RBOS 1610 7010 0326 35) noting Act 1998. This information is held on a database and may on occasion be made delegate name, company, AEF2010, invoice number (if available). available to third parties for marketing purposes. If you do not wish your details to be All transfer costs to be paid by sender; alternatively add Euros 35 to your total fee. passed to a third party, please tick here. J

Indemnity: In the unlikely event that the Africa Energy Forum has to be cancelled, EnergyNet is not Payment by Cheque drawn on a UK Bank, payable to EnergyNet Ltd. liable for any travel and accommodation costs incurred by delegates in connection with their Please return your completed form to: registration. EnergyNet cannot accept liability for any loss, cost or expense suffered or incurred by Evelyne Cargill any person arising from reason of war, including threat of war, riots and civil strife, terrorism or threats thereof, natural disaster, weather, fire, flood, drought, technical, mechanical or electrical EnergyNet Limited breakdown within any premises visited by delegates in connection with the conference, non- 110 Elm Rd | Kingston upon Thames | Surrey KT2 6HU | United Kingdom provision of services provided by hotel companies or transport operators, industrial disputes, Tel +44 (0)20-85 47 06 98 | Fax +44 (0)20-85 41 32 44 government action, regulations, or technical problems which may affect the services provided in [email protected] connection with the event. www.energynet.co.uk

Contact us for more information on the Africa Energy Forum 2010 Sponsorship & programme information: Rod Cargill ([email protected]) Sponsorship & programme information: Bruno Cockburn ([email protected]) Registration & visa details: Evelyne Cargill ([email protected]) Exhibition details: Sophie Mew ([email protected]) Africa Energy Yearbook editorial and advertising: Jenni Dodd ([email protected])

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