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Pakathon Webinar: EcoEnergyFinance and Energy in Pakistan

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On Thursday, May 28 Pakathon held its first webinar of 2015, on energy in Pakistan. This is the slide deck used in that webinar.

The webinar began with an introduction to the context of energy in Pakistan, followed by a short talk by Jeremy on EcoEnergyFinance. The second half of the webinar was dedicated to Q&A.

Join the conversation on Muut here: https://muut.com/pakathon#!/energy

Webinar recorded here: https://www.youtube.com/watch?v=lIdjFVjQgWE
Audio recording: https://soundcloud.com/pakathon-toronto/webinar-energy-ecoenergyfinance/

Sign up for updates on PakathonTO: http://www.pakathon.com/cities/toronto
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Speakers:
- Jeremy Higgs: Director of Operations & Co-Founder, EcoEnergyFinance on running a clean energy social enterprise in Pakistan
- Ammar Habib Khan: Energy Economist at Global Mining China & Head of Risk Management NIT on the macroeconomics of energy in Pakistan
- Nameerah Hameed: Policy Specialist at Energy Department, Government of Punjab & Assistant Manager, Quaid-e-Azam Solar Power on energy policy in Punjab

About EcoEnergyFinance

EcoEnergyFinance makes clean energy products and services affordable and accessible to rural Pakistan.

About Pakathon:

Pakathon is a global movement with a mission to connect entrepreneurs, researchers and technologists around the world and support the creation of sustainable projects and companies that make a positive impact in Pakistan and beyond. Pakathon's flagship event is a weekend hackathon held simultaneously across over a dozen cities in Pakistan and North America.

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Pakathon Webinar: EcoEnergyFinance and Energy in Pakistan

  1. 1. Ammar Habib Khan Energy Economist, Sino-Sindh Resources Nameerah Hameed Policy Specialist at Energy Department, Government of Punjab Assistant Manager, Quaid-e-Azam Solar Power Jeremy Higgs Co-Founder and Director of Operations, EcoEnergyFinance
  2. 2. Demand Dynamics & Economic Costs: The Numbers Energy deficits in Pakistan restrict economic growth & have huge costs. Sources: Sino-Sindh Resources, World Bank, Pasha (2012) Impact & Cost of Power Loadshedding to Domestic Consumers Total demand for energy Electricity consumption growth (‘70-’07) Global population w/ access to electricity Energy deficit Electricity consumption growth (‘07-’13) Pakistani population w/ access to electricity Potential loss to GDP per annum (‘07-’13) GDP growth effects of energy constraints (‘07-’13) ~23,200 MW ~6,500 MW 7.68% 0.1% 78% 68% $1.4 bn -1.84% Courtesy Sino- Sindh Resources
  3. 3. Energy Demand in Pakistan - 50 100 150 200 250 300 350 Forecast (GWh) Electricity Demand Projections (GWh) Source: World Bank, NTDC Load Forecast Estimated growth in electricity demand Expected growth in electricity demand in the next two decades 4-6% 3.4x Capacity additions lag behind growth in demand. Courtesy Sino- Sindh Resources
  4. 4. Source: IFC
  5. 5. Source: IFC
  6. 6. Source: IFC
  7. 7. Energy Mix We’re consistently using the wrong kind of fuel to meet our energy needs. Reliance on imported oil leads to high costs, low energy security, high household bills. Coal 41% RFO 6% Natural Gas 20% Nuclear 15% Hydel 16% Renewables 2% Global Energy Mix Coal 0.10% Hydel 30.10% Nuclear 5.80% Natural Gas 29% RFO 35.00% Pakistan Energy Mix Source: Pakistan Energy Yearbook 2013, BP Statistical Review of World Energy 2013 Courtesy Sino- Sindh Resources
  8. 8. Energy Mix This hasn’t always been the case. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Pakistan -- Energy Mix Transition (1971-2012) Courtesy Sino- Sindh Resources
  9. 9. Pakathon Webinar - 28/05/2015
  10. 10. The Problem Over 70 million people in Pakistan lack access to the electricity grid (That’s equivalent to the entire population of Turkey, without power.) 60 % 40 % On-Grid Off-Grid
  11. 11. The Problem Financial services don’t reach rural Pakistan 13% of the country has a bank account Microfinance presence in urban and peri-urban locations only Microfinance lending criteria excludes large parts of the population
  12. 12. Result: Energy solutions are unaffordable for rural off-grid customers
  13. 13. Result: Off-grid rural customers spend $2.2 billion every year on poor-quality lighting solutions
  14. 14. What We Do: Make Clean Energy Solutions Affordable and Accessible for Rural Pakistan
  15. 15. Market Sell Service Finance
  16. 16. Products Households Small Businesses
  17. 17. What We’ve Been Able To Achieve Demonstrate demand for better-quality lighting solutions: over 10,000 solar products sold to rural customers in the past 2 years Demonstrate ability to pay: 79% of products sold on credit Technology viability: conducted pilots of mobile-enabled (smartphone or GSM) solar devices
  18. 18. Challenges Ensuring the quality & consistency of information coming from geographically-dispersed staff Started with smartphone-equipped staff using OpenDataKit survey software Significant challenges around consistency of spellings & keeping inventory/cash/sales/collections in sync Moving towards single platform (e.g. Salesforce) that can collect data from staff and have all functions in sync
  19. 19. Challenges Inadequate access to funding for growth Plenty of money available for small pilots ($0-50k) Challenges accessing early-stage investment Local banks reluctant to provide working capital (not enough assets/cash)
  20. 20. Onwards and upwards! Rolling out PAYG solar to 1000 customers Developing ability to perform credit scoring of customers
  21. 21. Keep the conversation flowing: https://muut.com/pakathon#!/energy pakathon.com/cities/toronto Facebook.com/PakathonTO Twitter.com/PakathonTO

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