InfraCo Africa joins IGC Invest Geothermal – Geothermal Finance & Investment Forum as MW Sponsor
Infrastructure development fund, InfraCo Africa is joining the upcoming IGC Invest Geothermal as MW Sponsor. The event is focusing on investment and financing geothermal projects worldwide and takes place 7 November 2017 in Frankfurt am Main/ Germany,
Infrastructure development fund, InfraCo Africa is joining the upcoming IGC Invest Geothermal as MW Sponsors. IGC Invest Geothermal is the first global geothermal investment forum focusing on important elements of investing in geothermal energy development, such as risk mitigation, early stage financing, market incentives, blended financing options, multi-player projects and exit strategies.
The event will take place at the Mövenpick Hotel Frankfurt City, 7 November 2017.
At the event InfraCo Africa, which is part of the multi-lateral Private Infrastructure Development Group (PIDG), will present its activities and view on financing geothermal projects in Africa.
“We are pleased to join IGC Invest Geothermal to talk about our experience on financing geothermal projects with our specific focus on Africa and are looking forward to a lively exchange with industry and representatives from other financial institutions.”, said Tim Jackson, Business Development Manager at InfraCo Africa Limited.
Tim has over 25 years of experience developing power projects and, since 2009, has focused on geothermal projects in Europe and Africa. Tim currently manages early stage power project developments for InfraCo Africa where he has been responsible for the investment in Corbetti Geothermal power project in Ethiopia.
With an increasing interest in development in growth markets, such as Turkey, Indonesia, Africa, Europe, Latin America and others, development continues to face the challenge of attracting adequate funding for projects particularly in the early stages of development. While multilateral programs and development banks are helping development in early stages, there is still insufficient equity funding available to move geothermal projects forward.
The IGC Invest Geothermal event is creating an annual forum and platform for geothermal industry geothermal industry (GI) leaders and international investors, including private equity, infrastructure, debt, institutional investors and public equity funds, as well as public funding partners such as development banks, funds and institutions. It further is set up to help increase awareness among investors and the geothermal energy industry to educate about opportunities and challenges of investments in energy infrastructure development globally.
Partners of the event are: The World Bank, Rödl & Partner, and the European Geothermal Energy Council (EGEC)
For details on InfraCo Africa, visit www.infracoafrica.com
To register for the IGC Invest Geothermal conference, visit: www.investgeothermal.com
About InfraCo Africa
InfraCo Africa is a private financial company, part of the Private Infrastructure Development Group (PIDG), established in 2004. The company is funded by the governments of Austria ADA), the Netherlands (DGIS), Switzerland and the UK (DFID). The projects of the company have mobilised over $2 billion of investment and provided new infrastrcture for approximately 13 million people, improving living standards and power economic growith in sub-Saharan Africa. The company is the financial partner to the Corbetti geothermal project in Ethiopia on the initial 70 MW development with an estimated total investment for the project at US$360 million.
About the Private Infrastructure Development Group (PIDG)
PIDG encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. Since 2002, PIDG has supported 154 infrastructure projects to financial close and provided 222 million people with access to new or improved infrastructure. PIDG is funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group.
To find out more visit: www.pidg.org
About IGC Invest Geothermal
IGC Invest Geothermal is the first global geothermal investment forum. To be held in Frankfurt/ Main in Germany, the event will be focusing on important elements of investing in geothermal energy development, such as risk mitigation, early stage financing, market incentives, blended financing options, multi-player projects and exit strategies.
The event is set up to help increase awareness among investors and the geothermal energy industry to educate about opportunities and challenges of investments in energy infrastructure development globally.