South establishment of IPPs Nigeria PHCN (Power Holding Company of Nigeria) In process of being unbundled into 18 companies: 7 Generation; 1 Transmission; 11 Distribution Generation = private Successful bidders (announced Sept. 2012): Amperion Power Distribution Limited; CMEC/Eurafric Energy Ltd; Transcorp; Power; Mainstream Energy Solutions Limited Electric Sector Reform Act 2005 IPPs IPPs: AES (AES NNPC (Okpai); NNPC (Afam IV); Geometric Power Limited (Aba Integrated Power Project) Distribution = private Successful bidders to be announced October 2012 Transmission = public with management contract Manitoba Hydro (Canadian) Rwanda Vertically integrated (including water and sanitation) Public Energy, Water and Sanitation Authority (EWSA) Sao Tome Principe Vertically integrated Public EMAE Country Vertically integrated? Public or private? Name of public entities Name of private companies Sector structured to allow private sector involvement? Senegal Vertically integrated Public Societe Nationale d'Electricite du Senegal (SENELEC) IPPs allowed since 1998 IPPs Mitsubishi (Kounoune I); GE Capital Structured Finance Group (GTi Dakar) Seychelles Vertically integrated (including water and sanitation) Public Public Utilities Corporation (PUC) No provision for IPPs Sierra Leone Vertically integrated Public National Power Authority (NPA) Somalia Vertically integrated – but NEC only covers small area. Rest covered by decentralized private generation and distribution companies Public/private partnership Electrical (NEC) South Africa Vertically integrated with municipalities playing key role in distributing at local level Public (converted into public company in 2002) Allowed IPPs from 2003 Vertically integrated Public National Electricity Corporation of Sudan (NEC) Electricity Law of 2000 – opened up electricity sector for private sector in generation, transmission and distribution
Distribution Company (ZETDC) Appendix two: Private companies involved in management contracts and concessions Company/ Consortium Country of origin and other info Countries co present Buy out, Concession, management Project name or Concession name Other companies involved in contract/concession Comments Actis UK company Uganda Concession Distribution UMEME AES Sonel Cameroon Cameroon AES bought 56% of share capital of SONEL. Went with 20 year concession for distribution, transmission and generation AES AES (United States) = 56% Aguas de Portugal Portuguese Cape Verde Bought majority shares in vertically integrated state owned electricity utility ELECTRA Sold shares back to Cape Verde government in 2005 and 2008. No longer involved Copperbelt Energy Corporation PLC (CEC) Zambian Zambia Ownership (took over when Zambian Mining conglomerate was privatised) Zambian Energy Corporation = 52%; ZCCM-IH = 20%; Individual shareholders = 15.8%; African Life Financial Services Zamiba Limited - managed fund = 7.2%; Copperbelt Energy Corporation Employees Share Ownership Plan = 5% Eskom South Africa Uganda Concession (generation) Nalubaale and Kiira Finagestion France; was wholly owned subsidiary of Bouygues. B now only has minority interest; sold majority interest to ECP (Emergiing Capital Partners) Cote D'Ivoire; put in tender in Nigeria Cote d'Ivoire = concession; Nigeria = buyout for distribution company Cote d’Ivoire = Compagnie Ivoirienne d'Electricite (CIE) ECP (Emerging Capital Partners); CDC has also invested in Finagestion Global Systems (GMS) German Gambia Management contract NAWEC Infinsa Spanish company Equatorial Guinea PPP Sociedad de Electricidad de Guinea Ecuatorial (SEGESA) Government of Equatorial Guinea = 62%; Infinsa = 38%
IPS West Africa Mali Partial sale Energie du Mali (EDM-SA) SAUR International was initially involved (2000); but in 2005 sold its shares to government of Mali IPS West Africa holds 34% Manitoba Canadian Kenya Management contract with KPLC - ended 2008 Ran from 2006 – 2008 Nigeria Management contract to run national transmission company Started 2012 SAUR (SEE France Cote D'Ivoire Concession (vertically integrated monopoly) Compagnie Ivoirienne d'Electricite (CIE) EDF (French) and Cote d'Ivoire government Bouygues sold SAUR except for Africa contracts. These were taken over by Finagestion, initially a subsidiary of Bouygues, now majority owned by ECP Suez Environment French Morocoo Concession Lydec-Casablanca Fipar Holding (group CDG); RMA Watanya; free float in the Casablanca stock exchange Turn-Key Energy - focuses on renewable energy sources USA Djibourti PPP This is a PPP set up for renewable energy in May 2012 Djibouti Power Lighting (DJPL) DJPL is hoping to sell lot of electricity to Camp Lemonier (USA navy base) Veolia French Chad Mangement contract For vertically integrated utility, National Electricity Company (NIS) Dietsmann Because of profitiabilty problems, Vivendi (now Veolia) pulled out four months into the second of the contract in 2004. Veolia French Concession - 20 years To take over vertically integrated state utility, SEEG SEEG (Societie d'Electricite et d'Eaux Veolia Enviornment French Morocco Concession Distribution Redal - Rabat/Sale Redal is a subsidiary of Veolia and manages these contracts for Veolia Veolia Enviornment Maroc French Morocco Concession Distribution Amendis - Tetouan and Tangiers Amendis is 100% owned by Veolia and manages contract for Veolia
Cote D’Ivoire CIPREL Bouygues/Finagestion French 98% BOAD West African Development Bank (BOAD) 2% Cote D’Ivoire Azito Cinergy Swiss/French 65.7% 2010 Globeleq acquires additional interest in Azito. 2011 - signs concession agreement for Azito to expand and convert to more efficient generation facility and increase capacity. CDC/Globeleq UK 11% IPS 23% Ghana Takoradi II TAQA UAE 90% 2010 MOU between TAQA and gov/VRA for 110 MW expanstion of plant VRA Ghana 10% Ghana Sunon Asogli Power Plant Shenzhen 60% China-African Development Fund (CADFUND) 40% Ghana Bui Hydro Sinohydro China 100% Country Project Companies/equity partners Home of company % owned No yrs Comments Nigeria AES Barge Limited AES USA 95% Intially owned by Enron - deal formed part of prosecution for fraud of Enron executives in USA. Costly. In arbitration. YFP Nigeria 5% Nigeria Nigerian National Petroleum Corporation Nigeria 60% Nigerian Agip Oil Company Italy 20% Phillips Oil Company USA 20% Nigeria Afam IV NNPC Nigeria 55% Shell UK/Netherlands 30% Elf (Total) France 10% Agip Italy 5% Nigeria Aba Integrated power project Geometric Power Limited Nigeria 100% Current Minister of was founder of Geometric Senegal GTi Dakar GE Capital Structured Finance Group (SFG) USA IFC Edison Italy Senegal Kounoune I Mitsubishi Japan Matelec S.A.L Lebanon Togo Extension of CTL Contour Global USA 80% IFC 20% Algeria Arzew IWPP AEC (Algerian Energy Company) Algeria 95% 2005 25 Black and Veatch 5% Algeria Shariket Kahraba Hadjiret En S.p.A. (Hadjiret En Nouss) Algerian Utilities International Limited (51% by SNC-Lavalin and 49% by Mubadala Development Company) Algeria 51% 2009 20 Shariket Kahraba Hadjret En Nouss S.p.A. (S.K.H. S.p.A.) = formed in 2006. Owned 26% by SNC-Lavalin (Canadian) Sonatrach; Sonelgaz; Algerian Energy Company Algeria (all companies) 49%