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Category: Project Portfolio
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AADL formed and funded in June 2014 is exploring power project opportunities across Africa and has an office in London. It welcomes project proposals from local partners, host governments and Development Finance Institutions.

Solar photovoltaic power plant “Djermaya Solar”.

Access to reliable, affordable energy has been highlighted by the UN as crucial to achieving the social and economic development of the world’s poorest countries. In Chad, the country’s 150MW installed power generation capacity is poorly maintained and entirely reliant upon Heavy Fuel Oil (HFO) and diesel. On an energy equivalent basis, HFO is expensive so the generation cost of medium and low voltage power in Chad is high (approx. 30USc/KWh) and the government spends over US$200 million a year subsidising electricity. In spite of subsidies, regular supply failures and logistical challenges have meant that Chad’s available capacity is insufficient to meet demand and just 6.4% of Chad’s population is connected to the national grid. Those businesses and households with access, experience an average of 19.6 power outages a month which is more than twice the sub-Saharan African average of 7.8.

To address these challenges the Government of Chad (GoC) has taken decisive action. Recognising that reliable, affordable power underpins social and economic development, the GoC has made expansion of renewable energy central to its 2013-2015 National Development Plan. It has also established a new institution, the Agence des Energies Renouvelables au Tchad (ADER – Tchad) and tasked it with mobilising investment for renewables. Chad experiences exceptional levels of solar irradiation (up to 2800kWh/m2 in some areas) so by leveraging the stability of HFO baseload and flexibility of diesel, solar PV power can be integrated into Chad’s existing grid network. This freely available, sustainable resource therefore has the potential to transform Chad’s energy sector: reducing generation costs and so reducing subsidies while also enabling the GoC to connect more people to power

Project

This project will construct a 60MW solar PV plant in Djermaya, 30km north of Chad’s capital, N’Djamena. Development of Djermaya Solar will be phased to gradually integrate renewable power into Chad’s national grid. The first 30MW phase is intended to be fully financed in 2017 and operational in 2018. This will be followed by a second 30MW phase.

This pioneering project will play a leading role in delivering on the GoC’s National Development goals: to liberalise the energy sector, mobilise private investment and promote the development of renewable energy in Chad. As a consequence, a cross-sector Task Force has been established with representatives from the Ministries of Energy, Infrastructure and Finance, SNE (Chad’s utility), ADER – Tchad and the Djermaya project. Collectively this task force has the expertise to build awareness of the project, negotiate the necessary legal and regulatory frameworks and make it a success.

This project is being jointly developed by Aldwych Africa Developments Ltd (on behalf of InfraCo Africa), CDEN and JCM Capital (on behalf of the JCM Clean Power Development Fund).

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Category: AADL Leadership Team
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Mark Fitzpatrick - Director

Mark is joint founder of Aldwych, together with Helen Tarnoy, and was its first as Managing Director. Mark co-led the arrangement of the original financing for the company and recruited the original staff. Mark has been involved in all of Aldwych’ s projects, including the acquisition of the 600MW Kelvin power plant in Johannesburg and the development of the Rabai Power Project in Kenya before taking on his new role as Executive Director on 1 July 2010. Mark continues to assist with all aspects of project development.

Following an early career in power engineering, design and construction, Mark joined The AES Corporation in 1984. From then until 2003 he led early greenfield and acquisition efforts in the US, followed by expansion into the UK, the rest of Europe, central Asia and Africa, growing the London-based organisation from 2 people in 1990 to over 5000 in 2002. Mark completed his career at AES as Executive Vice President of the Corporation and Chief Operating Officer for Latin America, where he was responsible for restructuring the company's businesses and achieving profitability in an $8bn workout. Mark is a mechanical engineer by training and has a BSME and an MSME from Purdue University.

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Category: About AADL
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Our management is one of the most experienced development teams of power projects in Africa. Our market is sub-Saharan Africa where $28bn of power sector investment is required each year and some 80,000MW in new generation capacity is required to meet the need over the next 10 years. The provision of reliable and cost effective electricity is a cornerstone for the prosperity of Africa.

We are well positioned to work with local partners, Development Finance Institutions, utilities and host governments to develop the right power projects at the right time.

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Category: Partner Organisations
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InfraCo Africa is a publicly funded, privately managed company which develops infrastructure projects in least developed countries, low income countries, fragile or conflict-affected states in sub-Saharan Africa. InfraCo Africa catalyses financing for infrastructure projects that enable economic development but would otherwise not attract investors. InfraCo Africa assumes the risks and costs of early stage project development, using its experience to mobilise private sector investment and successfully bring projects to financial close. AADL, as a developer of InfraCo Africa, will source and deliver projects which fit InfraCo Africa’s mandate.

www.infracoafrica.com

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Category: AADL Leadership Team
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Helen Tarnoy - Director

Helen is joint founder of Aldwych International, along with Mark Fitzpatrick. Helen co-led the arrangement of the original financing for the company and its re-financing in February 2009. During her time at Aldwych, Helen has led the acquisition of a stake in CEC, the private Zambian transmission business, where she became Deputy Chairman, and co-led the acquisition of the 600MW Kelvin power plant in Johannesburg. Along with leading Aldwych’s early business development work, she also supported the development, financing and construction of the 90MW Rabai IPP in Kenya, which went into commercial operation in May 2010. Helen started her time with Aldwych as the Commercial Director and became Managing Director in 2010. She is responsible for Aldwych’s membership of the Power Africa Initiative, within which Aldwych has committed to develop, finance, construct and operate almost 1200MW of new generation capacity in sub-Saharan Africa.

Helen joined The AES Corporation in 1997 as Senior Project Director, working on projects in Central and Eastern Europe, especially Hungary. She subsequently led the successful development of the USD 400m Songo-Songo gas-to-power project in Tanzania, as well as working on the acquisition by AES of the Kelvin power plant and of the Ebute 260MW barge-mounted gas-fired power plant in Nigeria. Between 2002 and 2004 Helen was CEO of AES-SONEL, the national power company of Cameroon, with responsibility for a budget of around USD 150m, 500,000 customers and a workforce of 4000 people. In late 2003, under Helen’s leadership, the company successfully completed the project financing of a much-needed new 85MW thermal power plant. Helen is a graduate of Oxford University with a BA and an MA in Modern Languages.

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Category: About AADL
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Our business is to understand the need for electricity in a particular country and provide the investment and expertise to develop the right solution to that need so that a cost effective power plant can be built and operated. Typically, the power plant funded on a project finance basis will be privately owned and sell electricity to the host utility for 20 years during which time the debt and equity is repaid.We welcome the opportunity to partner on projects at an early stage and take them through to financial close.

We have experience developing renewable and fossil fuel based technologies and look to provide the optimal solution for the specific country’s need favouring renewable technologies where they are cost effective.

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Category: Partner Organisations
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InfraCo Africa is funded by the Private Infrastructure Development Group (PIDG). PIDG, a multi-donor organisation, is committed to improving access to infrastructure, boosting economic growth and reducing poverty by facilitating private sector investment into developing country infrastructure projects. Through a group of subsidiary companies, PIDG offers specialised financing and project development expertise to address market gaps and barriers throughout the project cycle. Together, these companies are designed to get infrastructure initiatives off the ground in countries which would otherwise struggle to attract investment.

Current donors include: the UK Department for International Development (DFID), the Swiss State Secretariat for Economic Affairs (SECO), the Netherlands Ministry of Foreign Affairs (DGIS), the Swedish International Development Cooperation Agency (Sida), the International Finance Corporation (IFC), Irish Aid, KfW Entwicklungsbank (KfW) and the Australian Department for Foreign Affairs and Trade (DFAT).

www.pidg.org

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Category: About AADL
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Our projects are developed to serve a market for 20 years or more. As a result, we believe in ensuring our work is centred in the local community and developed with integrity, a sense of fairness and transparency. The successful development of Greenfield Power Projects in Africa also requires experience, innovation and patience: these qualities underpin our culture, we bring them to every project we develop.

Adopting these values makes good business sense for us. It is also the best way to ensure our projects serve the people they are designed for.

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Category: Partner Organisations
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Aldwych International is a power company active in the growing economies of Africa. Its goal is to support sustainable development and economic progress through the supply of reliable and affordable electricity, in an environmentally responsible manner.

Aldwych International fully owns and provides people and other resources to AADL to ensure it is performing to the optimal standard in developing power projects in Africa.

Aldwych is a founder member of the Power Africa initiative - www.usaid.gov/powerafrica.

www.aldwych-international.com

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Category: About AADL
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In 2013/2014, InfraCo Africa ran a procurement process to appoint a new developer team to undertake pre-financial close project development in sub-Saharan Africa. Aldwych International through its subsidiary AADL, successfully secured this mandate and will now act as a developer of InfraCo Africa. Aldwych International established AADL as a Nairobi-based vehicle to bring expertise and local resource to sub-Saharan Africa and successfully source and deliver projects for and on behalf of InfraCo Africa.

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Category: Partner Organisations
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Harith is the inaugural fund manager appointed to manage the Pan African Infrastructure Fund (PAIDF) – the first and only 15 year old fund in the continent. Harith operates PAIDF on the basis of sound, transparent and fiscally responsible governing principles. Harith is circumspective and judicious in selecting potential investment projects and considers appropriate exit strategies at the point of making investments. Harith maximises value and explores innovative means, guided by its strong commitment to corporate governance principles, to achieve superior financial returns for PAIDF investors.

www.harith.co.za

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