Closed ~USD $8.4 billion in Transactions
Projects in Algeria, Côte d’Ivorie, Mali, Madagascar, Morocco, South Africa, and Tunisia
PRINCIPALS LOCATED IN MALI & SOUTH AFRICA, MANAGING OPERATIONS IN AFRICA
Recent Experience:
- Closed the first IPP (Independent Private Power project) in Mali, Euro 125 million (90 MW thermal power plant) in the role of project sponsor, developer, financial and insurance advisor (equity investor). First combination of Islamic and conventional financing in the region. Project built in 16 months (3 weeks ahead of schedule) and has been successfully operating since November 2018. A professional of GPFAC led this effort and presently is a member of the company’s Board of Directors.
- Advising a European developer on a 50 MW thermal Power plant in Uganda, assisting the developer with the financing and Financial model.
- Assisting a Swiss-American company that has developed a cost-effective, utility-scale, gravity-based energy storage system to develop financing solutions worldwide, starting with a focus in Africa.
- Working with several project developers on early-stage power projects in Africa (Mali, Senegal, Ethiopia, Kenya, Rwanda, Congo, and Benin).
- USD 1,483 billion Jorf Lasfar project (first IPP in Morocco, 1,320 MW coal-fired) in the role of co-sponsor, debt underwriter, and financial advisor. Led major task streams, including negotiation of a 25-year PPA off-take, security package (escrow arrangements, letter of credits, etc.), coal handling and storage agreement, port extension, long-term coal-supply procurement and long-term ash disposal arrangements.
- USD 220 million Azito project (first IPP in Ivory Coast, 140 MW gas-fired power project) in the role of sponsor and financial advisor. IFC (International Finance Corporation) was a participant.
- Closed on the privatization of the Kruger Mpumalanga International Airport (first private airport in South Africa) in the role of sponsor and local developer.
- Ohanet upstream gas exploration and development project, Algeria: acted as financial advisor to one of the project sponsors and EPC contractors; scope of work included advisory on all commercial, contractual, financing and sponsor’s financial return aspects of the project.
- GPFAC maintains relationships with the mining sector (off-grid initiatives, hybrid solutions) following their initiatives in power supply and we support other developers in development phase equity placement as well as shortly before financial closing (Uganda, Benin).
- Active support in building leading energy asset platforms for emerging markets including a 100 MW PV (photo-voltaic) project in South Africa (De Aar, Droogfontstein) and a138 MW wind farm in South Africa (Jeffreys Bay).
- Advised leading power generator in Tanzania, Cameroon and Côte d’Ivoire as well as advised institutional investors in a successful exit from investments.
Strengths in Africa Include:
- Deep network with developers and key players in this market.
- Established relationships with financing institutions including Nedbank, Standard Bank, West African Development Bank, African Development Bank, Emerging Africa Infrastructure Fund, Islamic Development Bank, Islamic Corporation for Development, Development Bank of South Africa, Standard Bank, Investec, etc.
- Extensive knowledge of the African insurance market: construction, operation, political risk, and guarantees.
- Quality relationships with governments and utilities.