Presentation from Julia Prescot from EAIF to the Africa APPG, EAIF & AFFORD at a panel event in parliament exploring the opportunities and challenges in mobilising private sector capital for sustainable and accessible energy infrastructure in Africa and the best policy approaches to support African led renewable energy initiatives. Julia Prescott is a non-executive director of EAIF and the chief strategy officer at Meridiam Infrastructure. Meridiam has grown to be a highly successful enterprise, with funds under management of $3.5 billion. Julia has over 25 years of international experience of investment banking and project finance. She has advised private sector and public bodies in established and emerging markets, including road and rail projects, power stations and structured trade finance transactions. Her involvement with African markets includes work in Cameroon, Kenya, Tanzania, South Africa, Uganda and Zimbabwe.

1. A policy success story
Julia Prescot, Non-Executive Director, Emerging Africa Infrastructure Fund
All Party Parliamentary Group on Africa Meeting
House of Commons, 22 March 2016

2. EAIF at a glance – a policy success story
• Established 2002: part of multi-nation PIDG mechanism
• Poverty reduction core objective
• Long term loan fund for private sector infrastructure projects
• Capital contributed by public and private institutions
• All SSA remit, with focus on lower income and fragile states
• Beyond money: financial & technical expertise and experience
• Adding professional capacity in states where big project skills limited
• Part of foundation for political, social and economic stability
• Funded by UK (DFID), Netherlands, Sweden and Switzerland via PIDG
• And private sector banks
• EAIF oldest of 7 PIDG facilities mobilising public and private capital
• Sustainable energy one of EAIF’s key growth activities (Fund operates in 8 sectors)

3. Where we get our funds
Equity via PIDG
from donor
nations
Debt from private
sector and DFIs
Total current
capital
US$597.7m
So far, over US$1.2
billion invested in 63
projects
Aiming for
substantial increase
in size in near future
A policy success story
Giving life to vital projects
Leading in renewable energy
Unlocking human potential
Dependable & tenacious
Innovative & flexible
Proven over 14 years
Enabling the means of growth
Trusted by business and governments

4. A better future for Kalangala
• Poor & isolated
• Upgrade main road
• 2 new people + car ferries
• 1.6MW solar farm
• Solar powered water pumps
• New 33KV power distribution
network
• Opens new markets for produce
• Refrigeration option for first time
Renewable power for Uganda
• Soroti : 10.3 MW solar farm
• One of largest in Africa to date
• EAIF loans US$5.3 million
• Get Fit aids energy affordability
• Construction started Feb 2016
• Enough for 40,000 homes,
• Businesses, schools & hospitals
• Boosts business confidence
• Improves investment climate
Harnessing Rwanda’s Lake Kivu
• Extracting methane
• Fueling 25MW power plant
• Reliable & competitively priced
• Major boost to whole economy
• Offers investment opportunities
• 60 permanent jobs
• Reduced risk of naturally
occurring explosion
• Safer lives, better economic
prospects

5. Building on success – our current project pipeline
Country Technology &
Output
Current installed capacity in
country
Burkina Faso Solar PV 20
MW
252 MW
Uganda X 5
projects
3 Solar PV 2
Small Hydro
Total 97 MW
810 MW
Mozambique Solar PV 35
MW
2,400 MW
Mali x 2
projects
Solar PV 125
MW
300 MW
Zambia Solar PV 50
MW
2,347 MW
Rwanda Solar/Hydro
20 MW
186 MW
Country Technology &
Output
Current installed
capacity in country
Nigeria x 2 projects Solar PV 160 MW 6000 Est
operational
Sierra Leone 150 MW Hydro 100
Burundi Solar PV 7.5 MW 52
• 15 EAIF projects
• 9 countries
• 6,664 MW of sustainable,
renewable energy
UK installed
85,000 MW