Around 600 million people in Africa today do not have access to electricity. Where they do, there is often a discrepancy between rural and urban access, and existing supplies are often inadequate to meet needs. Solutions to this gap are fundamentally important to economic growth and modernisation. Natural gas is a popular option, particularly given recent discoveries in the Rovuma basin indicating potential for further discoveries; it is also attractive as the cleanest of the fossil fuels when burned.
Yet, there is opportunity for massive innovation, both in energy production and distribution methods. Across the continent there is great potential for the use of renewable energy sources, estimated over 8 terawatts from solar power alone, and over 100 gigawatts from hydroelectric solutions just in the Democratic Republic of Congo. Increasingly, people are turning to off-grid and independent power producers in place of underdeveloped utilities, indicating space for new innovative solutions for delivering electricity to disparate communities.
Invest Africa invites you to an intimate discussion on the energy challenges faced in Africa and the opportunities open to investors.
Thank you to our hosts Slaughter and May.
John Goodridge is Head of Origination and Marketing for BP’s supply and trading business in West Africa. He is responsible for growing BP’s presence in those markets through structured transactions in crude and refined products. John has worked at BP since 2005 in a number of origination-focussed roles, concluding deals in Africa, Europe and Russia.
Prior to joining BP, John worked at Standard Chartered Bank and UBS where he was responsible for oil linked financings in sub-Saharan Africa. He originally trained as a lawyer and started his career as a lawyer in Clifford Chance’s Banking practice.
Steven has a broad financing, infrastructure and energy practice including extensive experience in projects and project financing, infrastructure acquisitions and investments and acquisition financing. He has worked in the energy sector for nearly 30 years. Steven specialises in international transactions, and in that time has worked on energy related transactions in over 50 countries a number of which were in Africa. He works across the value chain, and acts for sponsors, governments and state owned enterprises, banks, private equity and major trading houses. Steven lectures in projects and project financing at Kings College London, and is a member of the Financial Law Markets Law Review Panel in Kenya.
- Kosmos Energy on the Jubilee Project
- the Oman LNG project
- Qalhat LNG project
- Egypt LNG project
- Baobab offshore oil field development
Steven is listed as a leading individual in the ‘Projects’ section of Chambers UK, 2017.
Raul Timponi, associate director, IHS Markit, specializes in global power markets. As a member of the Europe, Middle East, and Africa team based in London, he applies his modeling and analytical experience to assess supply-demand balances for gas and power, forecast gas and power prices, and review regulatory frameworks. Previously, Mr. Timponi was based in Rio de Janeiro and Sao Paulo, where he contributed to IHS Markit Latin America gas and power research. Through consulting engagements, he has advised a wide range of clients on market screening, energy master plans, gas-to-power monetization strategies, and asset due diligence and valuation. Prior to joining IHS Markit, Mr. Timponi worked at Petrobras in international business development as part of their market intelligence and gas and power teams. He was a member of the Brazilian Power Sector Research Group at the Federal University of Rio de Janeiro (UFRJ), Brazil, where he studied the role of auctions and contract design on energy planning and earned his Master of Science.
Orli Arav is development finance and impact investing specialist with over 20 years of experience in these fields. Orli is the Founder and MD of EMFin Advisory an Emerging Markets and Infrastructure Finance Advisory Company. EMFin Provide advisory services relating to (i) capital (debt and equity) raising, (ii) deal structuring, due diligence and investability assessment (iii) Impact Investing & Development Finance for investments in Emerging Markets. Prior to founding EMFin Advisory, Orli has served as the Director of Investments for Soros Economic Development Fund (SEDF). At SEDF, Orli was actively involved in investments in emerging markets such as Aspada, Grofin (Nomou Jordan), IPDevII and Traxi.
Prior to SEDF, Orli successfully led, structured, and closed numerous transactions providing capital to infrastructure projects and companies in Emerging Markets: 76 Assets over USD1.2 Billion of principal investments, across 26 countries and 7 sectors; of which over 50 were in SSA. Seasoned investor in the energy sector where she led and/or was involved in funding of 21 power assets in Sub-Saharan Africa across a range of technologies (gas, solar, hydro, HFO), a number of which were the first IPPs in their respective countries. Orli also successfully raised capital from donor countries, as well as debt financing from commercial banks and development finance institutions (DFIs). Leadership experience focused on infrastructure in Africa has included Co-Founding and serving as the CIO of Impala Energy Holdings, LLC, as well as nearly 10 years serving as MD of the Emerging Africa Infrastructure Fund (EAIF), a dedicated open-end commercial debt fund.