Financing Power Projects in Africa

1. Financing Power Projects in Africa Jeannot Boussougouth Senior Manager: Energy, Utilities and Infrastructure Investment Banking Coverage Jeannot.Boussougouth@standardbank.co.za Standard Bank

4. Introduction

5. Section: 2 Standard Bank

6. On-the-ground presence in 17 African countries Nearly 150 years of experience in Africa Largest bank in Africa Over 40,000 employees in Africa Over 8,000 bank branches headquartered in Johannesburg Growth on the continent is a key strategic focus area Investment banking presence across the region and in key markets strengthened by recent acquisitions: IBTC Chartered Bank, Nigeria CFC Bank, Kenya Recent banking licence awarded - Angola

7. Recent Accolades

8. Ongoing � Scatec Solar, South Africa Standard Bank has been mandated as Sole Financial Arranger and Underwriter, and BEE funding provider to Scatec Solar on its various Solar PV project in the Northern Cape and Eastern Cape provinces of South Africa Ongoing � Solar Reserve, South Africa Standard Bank has been mandated as financial advisor to Solar Reserve on its Solar CSP plants, using molten salt storage technology, totalling [80-100]MW, in South Africa Ongoing � Confidential, Africa Standard Bank has been mandated for a confidential Equity raise in Africa Ongoing � The Power Company/Built Africa, South Africa Mandated as financial advisor for The Power Company/Built Africa [20]MW Solar PV Project, over several South African sites Ongoing � Gitson Energy, Kenya Mandated lead arranger & financial advisor for Gitson Energy�s [300MW] Wind Power Project in Bubisa, Kenya Ongoing � Solar Capital, South Africa Standard Bank has been mandated as financial advisor and main lead arranger for Solar Capital on its five Solar PV plants in the Northern Cape Ongoing � African Clean Energy Developments, South Africa Standard Bank has been mandated as main lead arranger for African Clean Energy Development (ACED) to develop a [400MW] wind farm in cookhouse in the Eastern Cape Ongoing � CGNPC, South Africa Standard Bank has been mandated as a financial advisor to China Guangdong Nuclear Power Corporation (�CGNPC�), China�s largest Nuclear Energy company, in support of their bid to build South Africa�s potential nuclear power programme Ongoing � Just Energy, South Africa Financial Advisor to Oxfam�s energy subsidiary, Just Energy, to develop [74MW] of wind farms in the Eastern Cape Ongoing � Italgest, South Africa Standard Bank has been mandated as Financial Advisor to Italgest on its [100 MW] Solar PV project. Recent Energy, Power & Renewables Credentials (1/3)

9. Ongoing � BHP Billiton, DRC Mandated Transaction Advisor to BHP Billiton SA (Pty) Limited on the INGA 3 hydro-electric project concept study in the Democratic Republic of Congo. Ongoing � Mphanda Nkuwa Hydropower Project, Mozambique Financial advisor to the Mphanda Nkuwa consortium on the development of 1500 MW hydro electric project in Mozambique Ongoing � Anglo American, South Africa Standard Bank has been mandated as the Financial Advisor to Anglo American�s [450MW] discard coal-fired IPP near Witbank Ongoing � SARGE, South Africa Standard Bank has been mandated as the sole Project and Equity Raising Financial Advisor and Lead Arranger to the SARGE 50 MW, Solar PV project in the Northern Cape, as well as 216 MW of wind projects Ongoing � Forest Oil Corporation, South Africa Standard Bank has been mandated as Financial Adviser to Forest Oil Corporation in connection with the development of an integrated [750-800 MW] natural gas to power project Ongoing - Oelsner Group Wind Farms , South Africa Standard Bank mandated Financial Advisor and Lead Arranger to Oelsner Groups� two wind farms being Kerrifontein (20.8MW) and Langefontein (50MW) Ongoing � Confidential , South Africa Standard Bank has been mandated as the sole Project and Equity Raising Financial Advisor and Lead Arranger to a SA renewable energy company on a multiple wind farm project Ongoing � Volta River Authority, Ghana Standard bank has been mandated as Financial advisor to VRA on the expansion of the Takoradi power plant Ongoing - Aldwych International, Kenya Joint Lead Arranger for long-term financing to Aldwych International for the 300MW Lake Turkana Wind Project valued at US$760m Ongoing - Gulf Power, Kenya Co-lead Arranger of the Greenfield 84MW Athi River HFO power plant developed by Gulf Energy Recent Energy, Power & Renewables Credentials (1/2)

11. Section: 3 Our African Infrastructure Understanding

14. Section: 4 Business and Financing Challenges

17. Section: 5 Requirements for successful private sector participation

24. Section: 6 Potential Financing Structure

26. Section 7: Standard Bank�s Value Proposition

34. Section: 8 Case Study

36. Disclaimer