• Save
Brian Kubeck, SITHE Global
Upcoming SlideShare
Loading in...5
×
 

Brian Kubeck, SITHE Global

on

  • 544 views

Regional Leadership Forum

Regional Leadership Forum
Advancing Sustainable Hydropower in Latin America and the Caribbean

Statistics

Views

Total Views
544
Views on SlideShare
539
Embed Views
5

Actions

Likes
1
Downloads
0
Comments
0

1 Embed 5

http://www.cvent.com 5

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Brian Kubeck, SITHE Global Brian Kubeck, SITHE Global Presentation Transcript

  • Amaila Falls Hydropower ProjectGuyana November 2012
  • Amaila Falls Hydropower Project Project Summary Sithe Global • 165 MW (installed capacity) power station, 23 km2 reservoir o An international development company engaged in the development, construction, acquisition and • 270 km high voltage transmission line with operation of power generation facilities 2 interconnect points worldwide, including the recently commissioned • 20 year BOOT with Guyana Power & Light 250 MW Bujagali plant - Bujagali doubled • EPC Contract with China Railway Uganda’s capacity and was the largest privately • Debt financing planned from the IDB and financed hydroelectric power plant in Africa. CDB • Equity from Sithe Global and Government of Guyana Blackstone o One of the world’s leading investment and advisory firms, with total assets under management of approximately $205 billion, of which corporate private equity accounts for $50 billion 2
  • November 2012
  • International Example for REDD+ Financing Amaila Falls is the “Flagship” of Guyana Low Carbon Development Strategy Project Site Project is highlighted in the report of the United Nations Secretary General’s Advisory Group on Climate Finance, as a path-finder for: o Using public climate finance to leverage private finance o Using REDD+ financing to deliver further GHG abatement in the non-forestry sector – 92% reduction of the country’s energy-related greenhouse gas emissions The historic nature of the public-private partnership sees REDD+ payments catalyzing an $800m+ private investment and enabling the Guyana to own 49% of the largest and most ambitious project in the countrys history. 4
  • Enabling Financial Innovation IDB support is the cornerstone of the Amaila project finance plan Experience o Largest source of external financing in Guyana - active since 1976 o A leader in structuring Latin America project finance deals o Able to take a macro perspective of projects impact on the country o IDB participation provides comfort to other sources of capital Opening Doors – Levering IDB’s Participation o Grant Funding. IDB is the “Partner Entity” for distribution of Norway funds in association with Guyana’s Low Carbon Development Strategy (LCDS) the Guyana REDD+ Investment Fund (GRIF) o Debt Partners. IDB’s MOU with China Development Bank (CDB) to “cooperate in infrastructure construction… and energy,” helped secure significant debt capital from CDB o Public Sector Financing. IDB public sector financing provides important liquidity for GOG to make necessary reforms and investments in the energy sector. Timing is Key – project must take advantage of low interest rate environment 5
  • With Great Rewards Come Great Challenges“This will see us generating some 90% of our energy needs from renewableresources; this will have a profound impact on the growth of manufacturingand processing in our country and allow us to reduce our dependence on fossilfuel and save valuable foreign exchange” – Guyana President Ramotarspeaking publicly about the Amaila Falls Project in October 2012 Development of the Amaila Falls project will span more than a decade and cost $20 million just to achieve financial close and start construction. Key stakeholders tackle complex issues ranging from environmental safeguards to shaping the sustainable energy strategy of an entire country The efforts are worthwhile – The Amaila Falls Hydro Project allows Guyana to take control of its energy future and is an international model for an economically and environmentally effective deployment of REDD+ funding 6