SlideShare a Scribd company logo
1 of 12
Download to read offline
I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
EMERGING MARKETS:
HOW CAN PROPARCO CONTRIBUTE TO
SUSTAINABLE GROWTH?
FINANCING INFRASTRUCTURE PROJECTS?
UM, YES, MAYBE… LET’S TALK ABOUT IT!
2
A subsidiary of the Agence
Française de Développement
(AFD)
Devoted to private sector funding
In excess of 450 clients,
Supporting Sustainable
Development Goals
Devoting 30% of activity to
projects with climate change
co-benefits since 2010
PROPARCO AT A GLANCE
THE FRENCH DFI SERVING THE PRIVATE SECTOR AND SUSTAINABLE DEVELOPMENT
200+
employees
€1.2bn
of new commitments
€5.4bn
of outstanding loans
and equity stakes
In 2016 75
new executed
transactions
3
A KEY FINANCIAL PARTNER TO SUPPORT YOUR INFRASTRUCTURE
PROJECTS
4
Since
2000
147 deals $3.4bn in 56
countries
5.5GW
renewables
80 MW
Salvador
2016
Senior Loan
USD 30m
215 MW
Brazil
2016
Equity
EUR 15m
250 MW
Uganda
2006
Senior Loan &
Mezzanine
USD 60m
Al Rajef
86 MW
Jordan
2016
Senior Loan
USD 50m
129 MW
Peru
2015
Arranger
Senior Loans
USD 75m
Krnovo
72 MW
Montenegro
2015
Mezzanine
EUR 20m
54 MW
Chile
2015
Senior Loan
USD 20m
378 MW
India
2015 & 2013
Equity
USD 18m
139 MW
CCGT (exp.)
Ivory Coast
2012
Arranger
Senior Loan
USD 170m
3 projects
40 MW
Jordan
2014
Senior Loans
USD 50m
Telecom Towers
Niger
2016
Senior Loan
EUR 27m
Water
Treatment
Brazil
2012
Senior Loans
USD 40m
Satellite
Multi-country
2010, 2015
Senior Loans
USD 28m
Telecom Towers
Myanmar
2016 & 2015
Senior Loans
USD 28m
DEVELOPING SUSTAINABLE INFRASTRUCTURE (1)
- MAKING PROJECTS EMERGING
5
Investing in infrastructure funds,
International support,
E&S support,
Promoting early stage development capacity
Focus on long term platforms partnering
with industrial expertise,
Infra Fund CDC AFD launch in 2017
PROPARCO is a LP in the following
platforms:
Africa
• ARIF
• AIIF2
• ECP Africa Fund II (generalist fund)
• Meridiam Infrastructure Africa Fund
• Africa Joint Investment Fund & MENA
Joint Investment Fund
• Energy Access Ventures Fund (offgrid)
Latin America
• Acon III & IV (generalist funds)
• CAMIF II
• Americas Energy Funds II “AEF”
Asia
• Armstrong
• FE Clean Energy
DEVELOPING SUSTAINABLE INFRASTRUCTURE (2)
- PROMOTING BANKABILITY:
6
Assisting sponsors on their negociations with the offtakers to structure bancable
PPAs,
« les 10 points clefs de bancabilité d’un PPA »
Setting up the standards for project finances in new markets, to catalyse
commercial banks or investors for successive rounds:
Next steps: fostering large scale renewables programs (Ethiopia, Egypt…)
2 solar PV of
30 MW each
Senegal
2016
Senior Loans
EUR 58m
Polesine WPP
50 MW
Uruguay
2013
Arranger
Senior Loan
USD 90m
“By agreeing to support us,
PROPARCO showed that it was more
than just a financial partner. The
support of PROPARCO during this
process was invaluable, especially
when it came to negotiating the
contract for buying electricity from
the UTE – Uruguay’s national utility.”
Éric SCOTTO
Chairman, Akuo Energy
DEVELOPING SUSTAINABLE INFRASTRUCTURE (3)
-SUCCESSFUL DEVELOPMENT SUPPORT IN LESS ADVANCED COUNTRIES (1):
7
40 years experience of credit risk structuring and analysis of Project finance, in high
risk countries & expertise
DEVELOPING SUSTAINABLE INFRASTRUCTURE (3)
-SUCCESSFUL DEVELOPMENT SUPPORT IN LESS ADVANCED COUNTRIES :
8
40 years expertise in the main infrastructure sectors (telecoms, power, water,
mining, transportation…)
Strong partnerships with our clients and the bilateral/multilateral community (IFC,
IIC, ADB, EBRD & EDFIs),
Large and historical AFD network
DEVELOPING SUSTAINABLE INFRASTRUCTURE (4)
AFD GROUP, A COMPLEMENTARY SOLUTION MAKER TO PPPs
9
Financing of the sovereign/public entity needs:
public equity in the SPV,
public infrastructure (transmission line, rail, port…),
technical/financial assistance to governments,
Financing of the private entity for:
additional impacts investments,
ensuring low end-users tariffs,
Moving forward:
PRG to cover offtaker risks,
Joint identification of projects:
To support INDC action plans, with a special focus to countries close to AFD,
To contribute to PPPs expansion (backbone, BRT…), digital initiatives
120 MW
Zambia
2014
Senior Loan
USD 36m
Nam Theun 2
Power Company
1,070 MW
Lao PDR
2005
Senior Loan
USD 65m
DEVELOPING SUSTAINABLE INFRASTRUCTURE (5)
INNOVATING TO ATTRACT INVESTORS IN RISKY COUNTRIES:
10
Participating to « green bonds » & first PPP bonds to attract competitive pricing
to local banks or catalize international investors,
Developing standardised credit processes for 10MW solar projects,
Developing credit enhancement products, to catalyze
Local liquidity available, to decrease currency risk,
International investors, to fill in liquidity gaps for large projects,
In coordination with AFD, benefiting from concessional funds (UE, GCF) to
mitigate the main risks (inconvertibility, currency, offtaker),
support new market needs: offgrid, adaptation
ARE Scale Up
Africa
2016
EU delegated funds
EUR 12m
Elazig
Hospital
Turkey
2016
Project Bond
EUR 40m
I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
PROPARCO
151 rue Saint Honoré
75001 Paris, France
Tel. +33 1 53 44 31 08
Fax. +33 1 53 44 38 38
www.proparco.fr
RENEWABLE ENERGY
Alice LUCAS
lucasa@proparco.fr
+33 1 53 44 38 90
TRANSPORTATION / MINING
Iskander EZZERELLI
ezzerellii@proparco.fr
+33 1 53 44 35 96
OTHER ENERGY (THERMAL & HYDRO)
André MOUNIF
mounifa@proparco.fr
+33 1 53 44 41 54
WATER & WASTE MANAGEMENT
Christel BOURBON-SECLET
bourbon-secletc@proparco.fr
+33 1 53 44 30 84
TELECOMMUNICATIONS
Karin BOUWMEESTER
bouwmeesterk@proparco.fr
+33 1 53 44 31 95
EQUITY & MEZZANINE FINANCE
Matthew SAVILLE
savillem@proparco.fr
+33 1 53 44 38 06
GREGOR QUINIOU
Deputy Head, Power & Infrastructure
quinioug@proparco.fr
+33 1 53 44 45 42
EMMANUELLE MATZ
Head, Power & Infrastructure
matze@proparco.fr
+33 1 53 44 32 54
The team boasts
18 experts across
five sub-sectors
and a dedicated
equity franchise
11
8 POWER & INFRASTRUCTURE SECTORIAL EXPERTS ON LINE…
I n v e s t i n g i n a S u s t a i n a b l e F u t u r e
JOHANNESBURG
Southern Africa & Indian Ocean
Denis SIREYJOL
proparcojohannesbourg@afd.fr
+27 11 540 71 00
MEXICO CITY
Paul CENTENO LAPPAS
Central America & the Caribbean
afdmexico@afd.fr
+52 55 5281 1777
NAIROBI
East Africa
Damien BRAUD
afdnairobi@afd.fr
+254 20 271 12 34
SAO PAULO
South America
afdsaopaulo@afd.fr
+55 11 3149 7907
ISTANBUL
Turkey, Caucasus, Southeast Europe, Middle
East & Central Asia
Guillaume BARBEROUSSE
afdistanbul@afd.fr
+90 212 283 3111
BANGKOK
North & Southeast Asia
Melody SANG
afdbangkok@afd.fr
+66 2 663 60 90
NEW DELHI
South Asia
Sébastien FLEURY
afdnewdelhi@afd.fr
+91 11 42 79 37 00
CASABLANCA
North Africa
Olivier LUC
afdcasablanca@afd.fr
+212 522 29 53 97
LAGOS
Nigeria
Olivier FOLIN
afdlagos@afd.fr
+234 816 387 8459
ABIDJAN
West Africa
Laurent FARGE
proparcoabidjan@proparco.fr
+225 22 40 70 40
DOUALA
Central Africa
Thomas HUSSON
proparcodouala@proparco.fr
+237 233 42 06 24
12
…ALONG WITH 11 REGIONAL OFFICES

More Related Content

What's hot

Solar Investment Opportunities: Ivory Coast
Solar Investment Opportunities: Ivory CoastSolar Investment Opportunities: Ivory Coast
Solar Investment Opportunities: Ivory CoastSolarPower Europe
 
Silver Stream - Social innovation and light electric vehicle revolution on st...
Silver Stream - Social innovation and light electric vehicle revolution on st...Silver Stream - Social innovation and light electric vehicle revolution on st...
Silver Stream - Social innovation and light electric vehicle revolution on st...European Green Vehicle Initiative
 
Diversifying financing instruments to realise REDD+
Diversifying financing instruments to realise REDD+Diversifying financing instruments to realise REDD+
Diversifying financing instruments to realise REDD+CIFOR-ICRAF
 
Corporate finance in the news vlerick openday
Corporate finance in the news vlerick opendayCorporate finance in the news vlerick openday
Corporate finance in the news vlerick opendayLoreVlerick
 
Ideagen Pres Donegal -Marina Donohoe
Ideagen Pres Donegal  -Marina DonohoeIdeagen Pres Donegal  -Marina Donohoe
Ideagen Pres Donegal -Marina Donohoethreesixty
 
About Euroconsult
About EuroconsultAbout Euroconsult
About EuroconsultEuroconsult
 
Optimisation topologique et simulation intégrée pour la fabrication additive ...
Optimisation topologique et simulation intégrée pour la fabrication additive ...Optimisation topologique et simulation intégrée pour la fabrication additive ...
Optimisation topologique et simulation intégrée pour la fabrication additive ...Nancy BOVY
 

What's hot (8)

Solar Investment Opportunities: Ivory Coast
Solar Investment Opportunities: Ivory CoastSolar Investment Opportunities: Ivory Coast
Solar Investment Opportunities: Ivory Coast
 
CaseStudy_Total
CaseStudy_TotalCaseStudy_Total
CaseStudy_Total
 
Silver Stream - Social innovation and light electric vehicle revolution on st...
Silver Stream - Social innovation and light electric vehicle revolution on st...Silver Stream - Social innovation and light electric vehicle revolution on st...
Silver Stream - Social innovation and light electric vehicle revolution on st...
 
Diversifying financing instruments to realise REDD+
Diversifying financing instruments to realise REDD+Diversifying financing instruments to realise REDD+
Diversifying financing instruments to realise REDD+
 
Corporate finance in the news vlerick openday
Corporate finance in the news vlerick opendayCorporate finance in the news vlerick openday
Corporate finance in the news vlerick openday
 
Ideagen Pres Donegal -Marina Donohoe
Ideagen Pres Donegal  -Marina DonohoeIdeagen Pres Donegal  -Marina Donohoe
Ideagen Pres Donegal -Marina Donohoe
 
About Euroconsult
About EuroconsultAbout Euroconsult
About Euroconsult
 
Optimisation topologique et simulation intégrée pour la fabrication additive ...
Optimisation topologique et simulation intégrée pour la fabrication additive ...Optimisation topologique et simulation intégrée pour la fabrication additive ...
Optimisation topologique et simulation intégrée pour la fabrication additive ...
 

Viewers also liked (8)

How to Become a Thought Leader in Your Niche
How to Become a Thought Leader in Your NicheHow to Become a Thought Leader in Your Niche
How to Become a Thought Leader in Your Niche
 
Vacancy for Senior Manager Operational Risk
Vacancy for Senior Manager Operational RiskVacancy for Senior Manager Operational Risk
Vacancy for Senior Manager Operational Risk
 
Session 2 Dr Ziad Jibril Sabra, Jordan
Session 2 Dr Ziad Jibril Sabra, JordanSession 2 Dr Ziad Jibril Sabra, Jordan
Session 2 Dr Ziad Jibril Sabra, Jordan
 
3.2 wetherill ndf
3.2 wetherill ndf3.2 wetherill ndf
3.2 wetherill ndf
 
4.1 bernadat afd
4.1 bernadat afd4.1 bernadat afd
4.1 bernadat afd
 
3.3 haye proparco
3.3 haye proparco3.3 haye proparco
3.3 haye proparco
 
Sustainable growth rate
Sustainable growth rateSustainable growth rate
Sustainable growth rate
 
Acf rh linkedin
Acf rh linkedinAcf rh linkedin
Acf rh linkedin
 

Similar to Emerging markets - how can proparco contribute to sustainable growth

Final project pegui yannick
Final project pegui yannickFinal project pegui yannick
Final project pegui yannickYannickFlixPEGUI
 
Renewable Energy 2018_FMO Dutch Development bank
Renewable Energy 2018_FMO Dutch Development bankRenewable Energy 2018_FMO Dutch Development bank
Renewable Energy 2018_FMO Dutch Development bankRCREEE
 
Africa 4 Tech 2016 : Clean Energy Workshop Restitution
Africa 4 Tech  2016 : Clean Energy Workshop RestitutionAfrica 4 Tech  2016 : Clean Energy Workshop Restitution
Africa 4 Tech 2016 : Clean Energy Workshop RestitutionStephan - Elo Gras
 
Abengoa project finance
Abengoa project financeAbengoa project finance
Abengoa project financeAbengoa
 
AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...
AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...
AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...Cluster TWEED
 
GCF- our added value in industry sector 0823.pdf
GCF- our added value in industry sector 0823.pdfGCF- our added value in industry sector 0823.pdf
GCF- our added value in industry sector 0823.pdfHannahDerenbach
 
AFD Energy Portfolio in Indonesia.pdf
AFD Energy Portfolio in Indonesia.pdfAFD Energy Portfolio in Indonesia.pdf
AFD Energy Portfolio in Indonesia.pdfOECD Environment
 
GCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdfGCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdfHannahDerenbach
 
GCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdfGCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdfsunclarisse
 
Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...
Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...
Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...RCREEE
 
David Lecoque, Alliance for Rural Electrification
David Lecoque, Alliance for Rural ElectrificationDavid Lecoque, Alliance for Rural Electrification
David Lecoque, Alliance for Rural ElectrificationWAME
 
Wildfire-Workshop-Presentation-Matthew-Eagle
Wildfire-Workshop-Presentation-Matthew-EagleWildfire-Workshop-Presentation-Matthew-Eagle
Wildfire-Workshop-Presentation-Matthew-EagleOECD Environment
 
Atlantic stakeholder platform conference MARIBE presentation
Atlantic stakeholder platform conference MARIBE presentationAtlantic stakeholder platform conference MARIBE presentation
Atlantic stakeholder platform conference MARIBE presentationBVG Associates
 
ACCIONA Reports 63
ACCIONA Reports 63ACCIONA Reports 63
ACCIONA Reports 63acciona
 
Cantabria Sea of Innovation Conference Invitation
Cantabria Sea of Innovation Conference InvitationCantabria Sea of Innovation Conference Invitation
Cantabria Sea of Innovation Conference Invitationgruposodercan
 

Similar to Emerging markets - how can proparco contribute to sustainable growth (20)

Final project pegui yannick
Final project pegui yannickFinal project pegui yannick
Final project pegui yannick
 
Renewable Energy 2018_FMO Dutch Development bank
Renewable Energy 2018_FMO Dutch Development bankRenewable Energy 2018_FMO Dutch Development bank
Renewable Energy 2018_FMO Dutch Development bank
 
Africa 4 Tech 2016 : Clean Energy Workshop Restitution
Africa 4 Tech  2016 : Clean Energy Workshop RestitutionAfrica 4 Tech  2016 : Clean Energy Workshop Restitution
Africa 4 Tech 2016 : Clean Energy Workshop Restitution
 
3.1 spinelli eu
3.1 spinelli eu3.1 spinelli eu
3.1 spinelli eu
 
Abengoa project finance
Abengoa project financeAbengoa project finance
Abengoa project finance
 
GIB2015_Investors Approach to Sustainable Infrastructure_Valahu
GIB2015_Investors Approach to Sustainable Infrastructure_ValahuGIB2015_Investors Approach to Sustainable Infrastructure_Valahu
GIB2015_Investors Approach to Sustainable Infrastructure_Valahu
 
AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...
AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...
AG TWEED "From Seed capital to Export Funding Guarantees", the timeline - 14 ...
 
GCF- our added value in industry sector 0823.pdf
GCF- our added value in industry sector 0823.pdfGCF- our added value in industry sector 0823.pdf
GCF- our added value in industry sector 0823.pdf
 
AFD Energy Portfolio in Indonesia.pdf
AFD Energy Portfolio in Indonesia.pdfAFD Energy Portfolio in Indonesia.pdf
AFD Energy Portfolio in Indonesia.pdf
 
GCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdfGCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdf
 
GCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdfGCF- our added value in industry sector 0923.pdf
GCF- our added value in industry sector 0923.pdf
 
Acciona Energia Madrid Information Day
Acciona Energia Madrid Information DayAcciona Energia Madrid Information Day
Acciona Energia Madrid Information Day
 
Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...
Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...
Day 5 :Tunisian Experience in Promoting the Role of Energy Service Companies ...
 
Bretagne at ICOE 2016
Bretagne at ICOE 2016Bretagne at ICOE 2016
Bretagne at ICOE 2016
 
David Lecoque, Alliance for Rural Electrification
David Lecoque, Alliance for Rural ElectrificationDavid Lecoque, Alliance for Rural Electrification
David Lecoque, Alliance for Rural Electrification
 
Wildfire-Workshop-Presentation-Matthew-Eagle
Wildfire-Workshop-Presentation-Matthew-EagleWildfire-Workshop-Presentation-Matthew-Eagle
Wildfire-Workshop-Presentation-Matthew-Eagle
 
Atlantic stakeholder platform conference MARIBE presentation
Atlantic stakeholder platform conference MARIBE presentationAtlantic stakeholder platform conference MARIBE presentation
Atlantic stakeholder platform conference MARIBE presentation
 
ACCIONA Reports 63
ACCIONA Reports 63ACCIONA Reports 63
ACCIONA Reports 63
 
Cantabria Sea of Innovation Conference Invitation
Cantabria Sea of Innovation Conference InvitationCantabria Sea of Innovation Conference Invitation
Cantabria Sea of Innovation Conference Invitation
 
Presentation belgian cleantech companies
Presentation belgian cleantech companiesPresentation belgian cleantech companies
Presentation belgian cleantech companies
 

Recently uploaded

Deciding The Topic of our Magazine.pptx.
Deciding The Topic of our Magazine.pptx.Deciding The Topic of our Magazine.pptx.
Deciding The Topic of our Magazine.pptx.bazilnaeem7
 
The Influence and Evolution of Mogul Press in Contemporary Public Relations.docx
The Influence and Evolution of Mogul Press in Contemporary Public Relations.docxThe Influence and Evolution of Mogul Press in Contemporary Public Relations.docx
The Influence and Evolution of Mogul Press in Contemporary Public Relations.docxMogul Press
 
2024-05-15-Surat Meetup-Hyperautomation.pptx
2024-05-15-Surat Meetup-Hyperautomation.pptx2024-05-15-Surat Meetup-Hyperautomation.pptx
2024-05-15-Surat Meetup-Hyperautomation.pptxnitishjain2015
 
Breathing in New Life_ Part 3 05 22 2024.pptx
Breathing in New Life_ Part 3 05 22 2024.pptxBreathing in New Life_ Part 3 05 22 2024.pptx
Breathing in New Life_ Part 3 05 22 2024.pptxFamilyWorshipCenterD
 
Understanding Poverty: A Community Questionnaire
Understanding Poverty: A Community QuestionnaireUnderstanding Poverty: A Community Questionnaire
Understanding Poverty: A Community Questionnairebazilnaeem7
 
ServiceNow CIS-Discovery Exam Dumps 2024
ServiceNow CIS-Discovery Exam Dumps 2024ServiceNow CIS-Discovery Exam Dumps 2024
ServiceNow CIS-Discovery Exam Dumps 2024SkillCertProExams
 
DAY 0 8 A Revelation 05-19-2024 PPT.pptx
DAY 0 8 A Revelation 05-19-2024 PPT.pptxDAY 0 8 A Revelation 05-19-2024 PPT.pptx
DAY 0 8 A Revelation 05-19-2024 PPT.pptxFamilyWorshipCenterD
 
Microsoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdf
Microsoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdfMicrosoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdf
Microsoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdfSkillCertProExams
 
Databricks Machine Learning Associate Exam Dumps 2024.pdf
Databricks Machine Learning Associate Exam Dumps 2024.pdfDatabricks Machine Learning Associate Exam Dumps 2024.pdf
Databricks Machine Learning Associate Exam Dumps 2024.pdfSkillCertProExams
 
ACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdf
ACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdfACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdf
ACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdfKinben Innovation Private Limited
 

Recently uploaded (10)

Deciding The Topic of our Magazine.pptx.
Deciding The Topic of our Magazine.pptx.Deciding The Topic of our Magazine.pptx.
Deciding The Topic of our Magazine.pptx.
 
The Influence and Evolution of Mogul Press in Contemporary Public Relations.docx
The Influence and Evolution of Mogul Press in Contemporary Public Relations.docxThe Influence and Evolution of Mogul Press in Contemporary Public Relations.docx
The Influence and Evolution of Mogul Press in Contemporary Public Relations.docx
 
2024-05-15-Surat Meetup-Hyperautomation.pptx
2024-05-15-Surat Meetup-Hyperautomation.pptx2024-05-15-Surat Meetup-Hyperautomation.pptx
2024-05-15-Surat Meetup-Hyperautomation.pptx
 
Breathing in New Life_ Part 3 05 22 2024.pptx
Breathing in New Life_ Part 3 05 22 2024.pptxBreathing in New Life_ Part 3 05 22 2024.pptx
Breathing in New Life_ Part 3 05 22 2024.pptx
 
Understanding Poverty: A Community Questionnaire
Understanding Poverty: A Community QuestionnaireUnderstanding Poverty: A Community Questionnaire
Understanding Poverty: A Community Questionnaire
 
ServiceNow CIS-Discovery Exam Dumps 2024
ServiceNow CIS-Discovery Exam Dumps 2024ServiceNow CIS-Discovery Exam Dumps 2024
ServiceNow CIS-Discovery Exam Dumps 2024
 
DAY 0 8 A Revelation 05-19-2024 PPT.pptx
DAY 0 8 A Revelation 05-19-2024 PPT.pptxDAY 0 8 A Revelation 05-19-2024 PPT.pptx
DAY 0 8 A Revelation 05-19-2024 PPT.pptx
 
Microsoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdf
Microsoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdfMicrosoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdf
Microsoft Fabric Analytics Engineer (DP-600) Exam Dumps 2024.pdf
 
Databricks Machine Learning Associate Exam Dumps 2024.pdf
Databricks Machine Learning Associate Exam Dumps 2024.pdfDatabricks Machine Learning Associate Exam Dumps 2024.pdf
Databricks Machine Learning Associate Exam Dumps 2024.pdf
 
ACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdf
ACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdfACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdf
ACM CHT Best Inspection Practices Kinben Innovation MIC Slideshare.pdf
 

Emerging markets - how can proparco contribute to sustainable growth

  • 1. I n v e s t i n g i n a S u s t a i n a b l e F u t u r e EMERGING MARKETS: HOW CAN PROPARCO CONTRIBUTE TO SUSTAINABLE GROWTH?
  • 2. FINANCING INFRASTRUCTURE PROJECTS? UM, YES, MAYBE… LET’S TALK ABOUT IT! 2
  • 3. A subsidiary of the Agence Française de Développement (AFD) Devoted to private sector funding In excess of 450 clients, Supporting Sustainable Development Goals Devoting 30% of activity to projects with climate change co-benefits since 2010 PROPARCO AT A GLANCE THE FRENCH DFI SERVING THE PRIVATE SECTOR AND SUSTAINABLE DEVELOPMENT 200+ employees €1.2bn of new commitments €5.4bn of outstanding loans and equity stakes In 2016 75 new executed transactions 3
  • 4. A KEY FINANCIAL PARTNER TO SUPPORT YOUR INFRASTRUCTURE PROJECTS 4 Since 2000 147 deals $3.4bn in 56 countries 5.5GW renewables 80 MW Salvador 2016 Senior Loan USD 30m 215 MW Brazil 2016 Equity EUR 15m 250 MW Uganda 2006 Senior Loan & Mezzanine USD 60m Al Rajef 86 MW Jordan 2016 Senior Loan USD 50m 129 MW Peru 2015 Arranger Senior Loans USD 75m Krnovo 72 MW Montenegro 2015 Mezzanine EUR 20m 54 MW Chile 2015 Senior Loan USD 20m 378 MW India 2015 & 2013 Equity USD 18m 139 MW CCGT (exp.) Ivory Coast 2012 Arranger Senior Loan USD 170m 3 projects 40 MW Jordan 2014 Senior Loans USD 50m Telecom Towers Niger 2016 Senior Loan EUR 27m Water Treatment Brazil 2012 Senior Loans USD 40m Satellite Multi-country 2010, 2015 Senior Loans USD 28m Telecom Towers Myanmar 2016 & 2015 Senior Loans USD 28m
  • 5. DEVELOPING SUSTAINABLE INFRASTRUCTURE (1) - MAKING PROJECTS EMERGING 5 Investing in infrastructure funds, International support, E&S support, Promoting early stage development capacity Focus on long term platforms partnering with industrial expertise, Infra Fund CDC AFD launch in 2017 PROPARCO is a LP in the following platforms: Africa • ARIF • AIIF2 • ECP Africa Fund II (generalist fund) • Meridiam Infrastructure Africa Fund • Africa Joint Investment Fund & MENA Joint Investment Fund • Energy Access Ventures Fund (offgrid) Latin America • Acon III & IV (generalist funds) • CAMIF II • Americas Energy Funds II “AEF” Asia • Armstrong • FE Clean Energy
  • 6. DEVELOPING SUSTAINABLE INFRASTRUCTURE (2) - PROMOTING BANKABILITY: 6 Assisting sponsors on their negociations with the offtakers to structure bancable PPAs, « les 10 points clefs de bancabilité d’un PPA » Setting up the standards for project finances in new markets, to catalyse commercial banks or investors for successive rounds: Next steps: fostering large scale renewables programs (Ethiopia, Egypt…) 2 solar PV of 30 MW each Senegal 2016 Senior Loans EUR 58m Polesine WPP 50 MW Uruguay 2013 Arranger Senior Loan USD 90m “By agreeing to support us, PROPARCO showed that it was more than just a financial partner. The support of PROPARCO during this process was invaluable, especially when it came to negotiating the contract for buying electricity from the UTE – Uruguay’s national utility.” Éric SCOTTO Chairman, Akuo Energy
  • 7. DEVELOPING SUSTAINABLE INFRASTRUCTURE (3) -SUCCESSFUL DEVELOPMENT SUPPORT IN LESS ADVANCED COUNTRIES (1): 7 40 years experience of credit risk structuring and analysis of Project finance, in high risk countries & expertise
  • 8. DEVELOPING SUSTAINABLE INFRASTRUCTURE (3) -SUCCESSFUL DEVELOPMENT SUPPORT IN LESS ADVANCED COUNTRIES : 8 40 years expertise in the main infrastructure sectors (telecoms, power, water, mining, transportation…) Strong partnerships with our clients and the bilateral/multilateral community (IFC, IIC, ADB, EBRD & EDFIs), Large and historical AFD network
  • 9. DEVELOPING SUSTAINABLE INFRASTRUCTURE (4) AFD GROUP, A COMPLEMENTARY SOLUTION MAKER TO PPPs 9 Financing of the sovereign/public entity needs: public equity in the SPV, public infrastructure (transmission line, rail, port…), technical/financial assistance to governments, Financing of the private entity for: additional impacts investments, ensuring low end-users tariffs, Moving forward: PRG to cover offtaker risks, Joint identification of projects: To support INDC action plans, with a special focus to countries close to AFD, To contribute to PPPs expansion (backbone, BRT…), digital initiatives 120 MW Zambia 2014 Senior Loan USD 36m Nam Theun 2 Power Company 1,070 MW Lao PDR 2005 Senior Loan USD 65m
  • 10. DEVELOPING SUSTAINABLE INFRASTRUCTURE (5) INNOVATING TO ATTRACT INVESTORS IN RISKY COUNTRIES: 10 Participating to « green bonds » & first PPP bonds to attract competitive pricing to local banks or catalize international investors, Developing standardised credit processes for 10MW solar projects, Developing credit enhancement products, to catalyze Local liquidity available, to decrease currency risk, International investors, to fill in liquidity gaps for large projects, In coordination with AFD, benefiting from concessional funds (UE, GCF) to mitigate the main risks (inconvertibility, currency, offtaker), support new market needs: offgrid, adaptation ARE Scale Up Africa 2016 EU delegated funds EUR 12m Elazig Hospital Turkey 2016 Project Bond EUR 40m
  • 11. I n v e s t i n g i n a S u s t a i n a b l e F u t u r e PROPARCO 151 rue Saint Honoré 75001 Paris, France Tel. +33 1 53 44 31 08 Fax. +33 1 53 44 38 38 www.proparco.fr RENEWABLE ENERGY Alice LUCAS lucasa@proparco.fr +33 1 53 44 38 90 TRANSPORTATION / MINING Iskander EZZERELLI ezzerellii@proparco.fr +33 1 53 44 35 96 OTHER ENERGY (THERMAL & HYDRO) André MOUNIF mounifa@proparco.fr +33 1 53 44 41 54 WATER & WASTE MANAGEMENT Christel BOURBON-SECLET bourbon-secletc@proparco.fr +33 1 53 44 30 84 TELECOMMUNICATIONS Karin BOUWMEESTER bouwmeesterk@proparco.fr +33 1 53 44 31 95 EQUITY & MEZZANINE FINANCE Matthew SAVILLE savillem@proparco.fr +33 1 53 44 38 06 GREGOR QUINIOU Deputy Head, Power & Infrastructure quinioug@proparco.fr +33 1 53 44 45 42 EMMANUELLE MATZ Head, Power & Infrastructure matze@proparco.fr +33 1 53 44 32 54 The team boasts 18 experts across five sub-sectors and a dedicated equity franchise 11 8 POWER & INFRASTRUCTURE SECTORIAL EXPERTS ON LINE…
  • 12. I n v e s t i n g i n a S u s t a i n a b l e F u t u r e JOHANNESBURG Southern Africa & Indian Ocean Denis SIREYJOL proparcojohannesbourg@afd.fr +27 11 540 71 00 MEXICO CITY Paul CENTENO LAPPAS Central America & the Caribbean afdmexico@afd.fr +52 55 5281 1777 NAIROBI East Africa Damien BRAUD afdnairobi@afd.fr +254 20 271 12 34 SAO PAULO South America afdsaopaulo@afd.fr +55 11 3149 7907 ISTANBUL Turkey, Caucasus, Southeast Europe, Middle East & Central Asia Guillaume BARBEROUSSE afdistanbul@afd.fr +90 212 283 3111 BANGKOK North & Southeast Asia Melody SANG afdbangkok@afd.fr +66 2 663 60 90 NEW DELHI South Asia Sébastien FLEURY afdnewdelhi@afd.fr +91 11 42 79 37 00 CASABLANCA North Africa Olivier LUC afdcasablanca@afd.fr +212 522 29 53 97 LAGOS Nigeria Olivier FOLIN afdlagos@afd.fr +234 816 387 8459 ABIDJAN West Africa Laurent FARGE proparcoabidjan@proparco.fr +225 22 40 70 40 DOUALA Central Africa Thomas HUSSON proparcodouala@proparco.fr +237 233 42 06 24 12 …ALONG WITH 11 REGIONAL OFFICES