91 likes | 308 Vues
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH. Preconditions for Raising Capital for Independent Power Production Projects (IPPs) Access to Financing Renewable Energy In Nigeria Lagos, 04 June 2013. DEG – Promoter of entrepreneurial development cooperation. Corporate Data:.
E N D
DEG – Deutsche Investitions- undEntwicklungsgesellschaft mbH Preconditions for Raising Capital for Independent Power Production Projects (IPPs) Access to Financing Renewable Energy In Nigeria Lagos, 04 June 2013
DEG – Promoter of entrepreneurial development cooperation Corporate Data: • Founded: 1962 • Shareholder: KfW, Frankfurt • New commitments in 2012: EUR 1.3 billion • Portfolio 2012: EUR 6.0 billion DEG, a subsidiary of KfW, finances investments of private companies in developing and transition countries. As one of Europe’s largest development finance institutions, it promotes private business structures to contribute to sustainable economic growth and improved living conditions. By means of: • Long Term Loans • Mezzanine Finance • Equity • Guarantees DEG – Our business is developing:
Preconditions for succesful IPPs Key driversfor IPPs: 1. Regulatoryrequirements 2. Technical requirements 3. Electricity off-takers 4. Yieldexpectationsforinvestorsandbanks
1. Regulatory reqiurements • Favourableinvestmentclimateandreliable legal system • Feed-in tariffs – regulated versus individual contracts • International tenderprocess • Approvals • Clear policyframeworktosupportthedevelopmentofrenewableenergyprojects
2. Technical reqiurements • Wind measurementstudies (for 1-2 years) • Hydrostudies • Existinginfrastructureforthetransportofequipment • Gridconnectionandcapacity • Land-userights / securedproperty
3. Electricity off-takers • Creditstanding / companyratingof off-taker • Major structuralelementsof PPAs: • Tenure • Take orpay • Feed-in tariff • Currency / Adaption toinflation • International arbitration • Compensation upon breachofcontract
4. Yield expectations for investors and banks • Investors: IRR of 12 - 17% • Banks withlong-term commitment: DSCR of 1.20 - 1.30 (at P90) • Banks require an appropriate shareholder structure
Get in touch! Andreas Voss Regional Director West Africa KfW / DEG Office AccraVolta Street No. 7Airport Residential AreaP.O. Box 9698 K.I.A. AccraGhana Phone: +233 302 7639 - 42 E-mail: andreas.voss@deginvest.de Telefax: +233 302 7639 - 41 Internet: www.deginvest.de