Berkeley Energy Africa Ltd

• Economic enabler: Add 84MW of new power capacity, increasing the supply of reliable electricity to firms and households, increasing productivity, and leading to economic growth and job creation and improving quality of life for end consumers.
• Direct: Avoid/reduce greenhouse gas emissions through the displacement of thermal power.

Pan-Africa: 79 per cent Uganda, 9 per cent Cameroon, 6 per cent Madagascar, 6 per cent Angola (approximately 94 per cent category ‘A’ and ‘B’ countries)

Unknown

Pan-Africa: 79 per cent Uganda, 9 per cent Cameroon, 6 per cent Madagascar, 6 per cent Angola (approximately 94 per cent category ‘A’ and ‘B’ countries)

Urban/peri-urban households

Global

N/A

• Employees: We expect investees to support 110,000 forward jobs in the economy. Using project cost data, the projects in Angola and Madagascar are expected to have a greater impact on the scale of employment than those in Uganda and Cameroon.
• Consumers: We expect investees to provide electricity to meet demand for 2.4 million residential consumers. Using project cost data, the projects in Madagascar Angola and Cameroon are expected to have a greater impact on the scale of consumers reached than those Uganda.

• Employees: The impact on economic opportunities is expected to be deeper in countries where there are higher poverty and unemployment levels.
• Consumers: Those suffering from unreliable grid access and high levels of poverty will benefit from quality of life improvements, but these are expected to be greater for households that consume the most electricity and use appliances.
• Planet: We expect investees to reduce/avoid 346,000 tonnes of CO2. Using project cost data, the projects in Angola and Cameroon are expected to have a greater impact on the scale of emissions avoided than those in Madagascar and Uganda due to higher grid emissions factors.

• Financial additionality: Provide short-term debt to the manager to address liquidity needs arising at the project level due to the COVID-19 outbreak

3.5 – 4.0

Market context: Lack of small-scale hydro development expertise in sub-Saharan Africa.

Execution Risk

• the implementation of hydro projects requires specialist team expertise. the manager has a proven track record in hydro development.

Unexpected Impact Risk

• hydro projects often present significant and complex environmental and social risks, including physical / economic displacement of local communities and potential impacts on indigenous peoples, cultural heritage and / or critical habitats. the manager has a good track record in assessing and mitigating these risks and these are all run-of-river hydros without storage or large dams which have a smaller footprint compared with hydro projects which incorporate storage components.