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  • Webinar Outline

  • Speakers

  • Webinar Recording

  • Materials

    The webinar on November 9, 2022 built upon the previous broadcast which analysed the status quo and ways forward for the fundamental development of electricity access in Sub-Saharan regions. This time however, the focus shifted more towards the financial, development and regulatory side of mini-grids.

    Electricity mini-grids are increasingly becoming a key component of countries’ electrification plans, and their development requires appropriate regulatory frameworks. However, the market for mini-grids, and mini-grid financing in particular, is still very new. It is critical for regulators to understand how these markets are developing when designing regulations, including the allowance for the recovery of financing costs in tariff determinations, and not to simply adopt practices from other electricity systems

    Setting cost of capital benchmarks that the market is unable to support will discourage investors and developers and hinder the achievement of electrification targets. Some key challenges of cost of capital determination that should be addressed are the market-based capital structures of mini-grids, determining the costs of each of the components of the capital structure, addressing gearing that changes during a tariff control period, identifying who should bear currency risk, and assessing whether the traditional cost of capital approach is the most appropriate approach for such a new market. Regulators should also consider how different mini-grid procurement approaches (eg, large-scale concessions) may generate different financing options and alter the determination of cost benchmarks.

     

    The webinar was developed in partnership with:

    Roster of Webinar Speakers
    Webinar Moderator
    Tipping, Andrew
    Technical Director, Economic Consulting Associates, United Kingdom
    Speaker bio
    Tipping, Andrew
    Technical Director, Economic Consulting Associates
    United Kingdom
    Tipping, Andrew

    Andrew Tipping is a Technical Director at Economic Consulting Associates (ECA), based in London, UK, where he leads ECA’s Energy Access team.
    Andrew has been involved in the development of mini-grid and other off-grid policies, regulations, financing facilities, market assessments, feasibility studies, and market support initiatives for more than 10 years, including developing mini-grid and off-grid frameworks in several countries and for regional organisations. He has been intricately involved in the research and design of tariff methodologies and structures for regulators and policymakers, and of subsidy structures for development partners, providing advice on both of these to mini-grid developers and financiers.
    Andrew’s expertise in this area builds on his work advising national utilities and regulators in both developing and developed markets on tariff reviews and price controls. His expertise also utilises his experience advising national governments and development partners in the preparation of electrification programmes that incorporate mini-grids as one of a selection of potential electrification technologies, giving Andrew a holistic view of electrification objectives and approaches.

    Webinar Speakers
    Waako, Ziria Tibalwa
    CEO, Electricity Regulatory Authority (ERA), Uganda
    Speaker bio
    Waako, Ziria Tibalwa
    CEO, Electricity Regulatory Authority (ERA)
    Uganda
    Waako, Ziria Tibalwa

    Eng. Ziria is the CEO of the Electricity Regulatory Authority (ERA). Until her appointment, she was the Director of the Technical Regulation Department at ERA. She is a Registered Engineer with the Uganda Institute of Professional Engineers and the National Engineers Registration Board, as well as a Member of the Institute of Electrical and Electronics Engineers (IEEE) of New York. She possesses over 30 years of work experience in Uganda’s electricity sector, 12 years of which were in senior management positions. Ziria boasts vast knowledge and insights of the Electricity Supply Industry and its challenges and prides herself in the development of various national and development partner-funded projects, both at national and regional level (from sourcing of financing, appraisal, and feasibility study to construction). Ziria holds an MSc and BSc in Electrical Engineering, both from Makerere University, and a Master of Business Administration in Leadership from Walden University, USA.”.

    Mutanuka, Mukabanji
    Head of Business Development-Southern Africa, Engie - Power Corner Zambia, Zambia
    Speaker bio
    Mutanuka, Mukabanji
    Head of Business Development-Southern Africa, Engie - Power Corner Zambia
    Zambia
    Mutanuka, Mukabanji

    Mukabanji Mutanuka is a renewable energy and development economist with over 8 years extensive experience in the offgrid energy field. Based in Lusaka Zambia, she is responsible for Business Development of Minigrid innovations across Southern African. Prior to this, she has been responsible for the technical, financial and environmental design and development of off grid innovations in Zambia under the White House Led initiative- Power Africa Offgrid Energy Challenge, where she had direct oversight of development and risk management of a solar micro grid, micro-hybrid systems and distribution of solar home systems. She has recently assisted in consultancy work in the offgrid sector under the EU and is a Board Member of Zambia Renewable Energy Association (ZARENA), and the African Minigirds Developers Association (AMDA), and an Administrator of the Association of Power Companies (APC). Mukabanji strongly believes in the power of integrated energy policy frameworks and off grid innovations as a means to revolutionize sustainable access for majority of rural communities

    George, Tom
    Managing Director, Africa Grant Advisors
    Speaker bio
    George, Tom
    Managing Director, Africa Grant Advisors
    George, Tom
    Tom George is a financial and policy consultant with extensive experience in advocacy, fundraising, blended finance, and impact investing. Tom serves as Policy Adviser, East Africa for the Africa Minigrid Developers Association (AMDA). Tom supports AMDA members and the AMDA global management team to analyze public policy and regulation, develop and implement advocacy strategies, and engage with key Government officials in East Africa. Tom began his career as an investment officer at an African renewable energy venture capital firm. Tom is the Managing Director of Africa Grant Advisors, Africa’s premier fundraising and financial consultancy. Tom holds a degree in mathematics from the University of Chicago.
    Wakaba, James
    Senior Asset Manager, Infraco Africa
    Speaker bio
    Wakaba, James
    Senior Asset Manager, Infraco Africa
    Wakaba, James

    James Wakaba has been in the energy sector since 2001, his experience spanning energy efficiency, energy generation, energy access and climate change. He has helped design, implement and monitor projects and programs in these areas in more than 25 countries, mostly in Sub-Sahara Africa including South Africa. He has worked for and with Governments, Utilities, the private sector and donors, both local and international in these projects. He has run two renewable energy Independent Power Producers in Kenya and Uganda and two Africa-wide NGOs in the area of energy access. He currently manages assets on behalf of Investor InfraCo Africa, focusing on mini-grid and e-mobility investments. James has a degree in Electrical Engineering from the University of Nairobi, is a registered Engineer with the Engineers Board of Kenya and is a licensed energy auditor with the Energy and Petroleum Regulatory Authority.

    Curnier, Benjamin
    Principal Green Mini-Grids Officer, Sustainable Energy Fund for Africa, African Development Bank
    Speaker bio
    Curnier, Benjamin
    Principal Green Mini-Grids Officer, Sustainable Energy Fund for Africa, African Development Bank
    Curnier, Benjamin
    Benjamin is an experienced sustainability and management director, with nearly 20 years’ experience in a wide range of sustainability and resource efficiency areas (climate change, water, waste, energy efficiency and renewables), with project delivery experience ranging from policy development to large scale programmatic interventions. Having recently joined SEFA as the GMG lead, Benjamin is responsible for the development, and delivery of SEFA’s GMG portfolio of investments. This includes leading the design and delivery of the Africa Mini-grid Accelerator Programme, which is SEFA’s flagship TA programme to support countries develop their GMG markets. Further, Benjamin is leading on the design of funding solutions for GMG programmes in several countries, including Guinea, Mauritania, and Ethiopia. Benjamin has previously worked extensively on energy access projects, include providing services to SEFA’s Green Mini-Grid Market Development Programme, where Benjamin led the delivery of market potential assessments for green mini-grids in nearly 10 sub-Saharan African countries. Benjamin was previously with Carbon Trust for 11 years, establishing the African office in South Africa. Benjamin commenced his career at PwC, where he worked as a strategy consultant providing commercial due diligence (buy and sell side), and strategic advisory services. Benjamin holds a master's of Aerospace Engineering with French from the University of Bath in the UK.
    Akpeneye, Dafe
    Commissioner, Nigerian Electricity Regulatory Commission, Nigeria
    Speaker bio
    Akpeneye, Dafe
    Commissioner, Nigerian Electricity Regulatory Commission
    Nigeria
    Akpeneye, Dafe
    Kanani, Chris
    Vice President Business Development, Winch Energy Limited, United Kingdom
    Speaker bio
    Kanani, Chris
    Vice President Business Development, Winch Energy Limited
    United Kingdom
    Kanani, Chris
    Chris is Winch Energy’s Vice President Business Development, where he has been responsible for two of Africa’s largest Mini-Grid projects to date in Sierra Leone and Uganda. Chris has over 10 years’ experience working in the off-grid sector in Africa, specialising in developing Mini-Grid projects from origination to financial close. Previously to Winch he worked as researcher at the University of Southampton, where he contributed to various publications and research in the off-grid sector. In total he has contributed to the implementation of over 80 Mini-Grids to date. Chris has a Civil Engineering degree from the University of Southampton and a Masters in Sustainable Development from SOAS.
    Bunnya, Samuel S.
    Project Coordinator, African Forum for Utility Regulators
    Speaker bio
    Bunnya, Samuel S.
    Project Coordinator, African Forum for Utility Regulators
    Bunnya, Samuel S.
    Samuel is the project Coordinator at the African Forum for Utility Regulators (AFUR). He is a finance and banking major from Makerere University in Uganda, with extensive experience in project execution. Samuel has been the lead on the Mainstreaming Mini-grid Tariff Settlement Tools and Methodologies Across African Regulators project among other projects for AFUR. His work has provided him extensive knowledge of the mini-grid environment on the continent.

    Webinar Recording

    If you are interested only in a particular session,
    click to watch on YouTube, expand the video’s description and jump directly to it by clicking the timeline links.

    Webinar Presentations

    • Mr. Andrew Tipping, Introduction to the webinar and the topic
    • Mr. Tom George, Minigrid Regulatory Strategies-A Private Sector Perspective
    • Mr. Samuel S. Bunnya, Regulatory considerations on allowance for the recovery of financing costs
    • Mr. Benjamin Curnier, Structuring finance for GMGs
    • Mr. Chris Kanani, Mini-grid procurement approaches; generation of different financing options and determination of cost benchmarks

    Related Materials

    • Benchmarking Africa’s Minigrids Report 2022, Africa MiniGrid Developers Association, 2022
    • World Energy Outlook 2021, International Energy Agency (IEA), December 2021
    • Sustainable Development Goal 7 (SDG7) initiative of the IEA, IRENA, UN, WB & WHO including inter alia data on access to electricity:
      • SDG7: Data and Projections
      • The Energy Progress Report
    • Electricity Regulatory Index for Africa 2020, African Development Bank Group
    • Electricity Regulatory Index for Africa 2021, African Development Bank Group
    • Attracting Private Participation and Financing in the Power Sector in Sub-Saharan Africa : Findings from a Survey of Investors and Financiers
    •  Check also more information and the recording of the first edition of the webinar here

    Interested in other topics?

    Check our upcoming webinars and training courses in energy regulation.
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