1 Radhika Bharat, Senior Investment Officer, Private Sector Infrastructure Development Africa Carbon...
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1 Radhika Bharat, Senior Investment Officer, Private Sector Infrastructure Development Africa Carbon Forum, Nairobi, March 2010 Clean Development Mechanism Projects utilizing Carbon Credits
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Transcript of 1 Radhika Bharat, Senior Investment Officer, Private Sector Infrastructure Development Africa Carbon...
1
Radhika Bharat,Senior Investment Officer,Private Sector Infrastructure Development
Africa Carbon Forum, Nairobi, March 2010
Clean Development Mechanism
Projects utilizing Carbon Credits
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The 15MW Sahanivotry Small Hydroelectric Power Project, a catalyst for Power Sector in Madagascar
Madagascar
• Project Cost EUR 14 mn
• ADB loan EUR 6 mn
ADB roles
– Project Structuring
– Long-term Lender
Benefits
– Independent power project (IPP)
– Expand the supply for electricity
– Reduce generation cost
– Long-term socio economic benefits
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Country : Madagascar
Annual Electricity Production 80,000 MWhGrid Displacement Factor 0.496 tCO2e/KWh
Annual CO2 Reduction 39,680 tCO2
Price of Carbon 9 €/tCO2eNumber of year to benefit from carbon trade 5Start of Operation 2008
Total CO2 Reduction 198,400 tCO2
Estimation Total CER generated 1,785,600 EUR
Project: Sahanivotry Small Hydropower (15 MW)
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The 9MW Buseruka Small Hydroelectric Power Project, a catalyst for Power Sector in Uganda
Project costs
• Project Cost USD 26 mn
• ADB loan USD 9 mn
ADB roles
– Project Structuring
– Long-term Lender
Benefits
– Independent power project (IPP)
– Connection of rural population
– Reduce generation cost
– Long-term socio economic benefits
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Country : Uganda
Annual Electricity Production 47,304 MWhGrid Displacement Factor 0.496 tCO2e/KAnnual CO2 Reduction 23,463 tCO2
Price of Carbon 9 €/tCO2e
Number of year to benefit from carbon trade 3Start of Operation 2011
Total CO2 Reduction 70,388 tCO2
Estimation Total CER generated 633,495 EUR
Project: Buseruka Small Hydropower (9 MW)
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CDM – Project Status
Project PIN
Project Design Document (PDD)
Validation CER
Sahanivotry Done Done under processing 2010
Buseruka Done Under review will be submitted June 2011
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Project AfDB Other Donor
• Support to the sponsor on follow ups of Carbon
document processing
Technical Assistance
Sahanivotry
Austria – Komunal Credit provided grant to prepare the Carbon Credit documentation
Buseruka
Denmark – “UNIT Energy Styrelsen” provided grant to prepare the Carbon Credit documentation
• Guidance to the sponsor
• Preparation of request for technical assistance
Lake Turkana Wind Farm in Marsabit District, near Lake Turkana in north-western part of Kenya
• Project Cost EUR 300 mn
• ADB loan EUR 100 mn
ADB roles
– Mandated Lead Arranger for financing from DFIs and Commercial sources
– Project Structuring
– Long-term Lender
Notable features:
– Project is 300MW, with a capacity factor of 55%
– Project will supply up to 20% of Kenya’s total installed power
– Kenyan- Dutch project developer, JDA signed with UK based firm
– Carbon credits to be shared between the Government and project sponsor.
