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Renewable Energy Solutions For A Growing Africa
UK - Ghana Trade & Investment Forum June 28, 2017
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African Experience International experience focused on natural resource exploration and development opportunities across Africa Pan African experience with Governments and Local Communities acquired 1st Onshore Hydrocarbon Exploration permit to be issued by Liberia, then Simba Energy Inc, listed on the Toronto Stock Exchange, TSX.V (Symbol SMB) w/ secondary listings in US and Frankfurt Successfully raised significant international capital for African projects 2016 – founded Nyota Power Ltd. as a venture focused on developing renewable energy projects across Africa
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Why Ghana One of Africa's major economic powerhouses
Rich history that is consistently held up as a successful example of democracy in the continent Becoming a major oil producer and diversifying its economy China is investing heavily in Ghana's infrastructure, $15 billion funding partnership agreement just announced Business and Investor friendly environment Ghana has many low risk, high growth opportunities Ghanaians have a strong work ethic Ghana is full of Entrepreneurs to partner and work with A stable rated country, making projects financeable with international capital
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Past Activities in Ghana
Applied for a block in Ghana’s Volta Basin Will be reapplying for additional blocks with Essel Middle East Group
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Nyota Business Model Nyota’s business model is to identify opportunities and solutions to alleviate power deficits and shortages in Africa. The current electrical power deficits and growing demand presents opportunities to invest and develop renewable power generation solutions in Africa. These projects will help provide the electrical power required to grow and expand local economies and provide stable long term returns
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Nyota Partners Fabtech International Group Ankhal Energy
Headquartered in Dubai with operations spanning the globe Provides a full range of engineering, manufacturing & construction services to the oil, gas, power, water and other process industries Fabtech International Ankhal Energy is a specialized consulting firm and business developer for landmark renewable energy projects in emerging markets. Ankhal Energy’s team have been involved in more than 3,900MW of solar and wind project’s financing
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Nyota Current Activities
Djibouti Nyota Power and Fabtech are working together develop a geothermal power plant in Djibouti and assessing feasibility of building a solar power project. Nyota is in the process of building a management and technical presence in Djibouti Kenya Nyota Power and Fabtech are working together bid for a geothermal concession in Kenya. In discussions with local Kenyan group to build 100 MGW solar project
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Nyota Power Ghana We view Ghana’s existing grid and current challenges meeting demand for power as an opportunity to supply the latest in distributed renewable solutions Have given proposal to Ghanaian ministry of energy for short and long term solutions, including power barges for immediate needs View Ghana as having ideal conditions for Solar Power Plants Also evaluating leading technology developments relating to energy storage Nyota has recently incorporated a wholly owned Ghanaian subsidiary and established a presence Accra
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Solar Projects in Ghana
Nyota Power and Ankhal Energy are working together in assessing the feasibility of developing a utility scale Solar power plant in Ghana. Ghana represents a very attractive market to develop solar PV projects: Solar resource is abundant in Ghana. The monthly average solar irradiation is between 4.4 and 5.6 kWh/m2/day (16-20 MJ/m/day), with sunshine duration between 1,800 and 3,000 hours per annum Explicit Feed-in Tariffs (FITs) for energy generated by renewable sources; Long term PPAs The government is targeting to increase the contribution of wind and solar power to 10% of the country’s capacity by 2020 and has recently enacted the Renewable Energy Law to support this objective
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Management Team Hassan Hassan (London)
Founder, President & CEO, Director, a seasoned operator in African resources sector. Founder and Managing Director of Operations of Simba Energy Inc. (TSXV: SMB) in 2009 and instrumental in farming out Simba’s O&G portfolio to the Essel Group 2015 (now “Simba Essel Energy Inc.”) years of international experience as an entrepreneur in North America, China, South America and Africa. 12+ years building an enviable network and circle of influence throughout Africa Robert Findlay (Vancouver) Co-Founder, Director, 25+ years experience in surface & underground mining, equipment and drilling operations, including sales & senior management roles with Atlas Copco Canada from to Since 2005, an independent consultant for numerous resource junior explorers and project developers. Haileybury School of Mines (class of ‘87). Anu Tayal (London) Finance Director, bringing over 17 years of experience across accounting and corporate finance (including private and public capital raising and M&A). Most recently a director in the Energy Corporate Finance team at Ernst & Young in London, prior to which Anu was a member of the Corporate Finance teams at investments banks Matrix Group and Evolution Group plc. Anu is a Fellow of the Institute of Chartered Accountants in England and Wales.
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