frontier - european investment bank...• frontier energy ii (2017) (geeref: 21m of 116m usd –...

GEEREF’s investment in: • DI Frontier Market Energy & Carbon Fund (2011) (GEEREF: 10m of 60m EUR)

• Frontier Energy II (2017) (GEEREF: 21m of 116m USD – target 200m USD)

Managed by Frontier Investment Management (Denmark)

FRONTIER Investment Management

People: Bringing power to the development of Africa for peace and eradication of poverty and migration

Profit: Stable long-term cash-flows to investors

Mount Elgon foothills, Eastern Uganda, near Siti Hydro Power Project

Planet: Reducing carbon emissions and fighting global climate change

The Fundamental

What Where How

Develop

Finance & Structure

Construct

Own Operate & Exit

Environmental Social & Governance (ESG)

Gert Skov, Co-Founder, Technical Director at Lubilia hydro site, Uganda

Portfolio

Technologies Sites MW range MW total mUSD total mUSD fund

Hydro 28 3-25 156 423 129

Solar 2 40 80 140 22

Wind 2 50 50 145 17

Geothermal 4 70 280 1,166 76

Off-grid (w/s) 13 0.2-0.6 8 14 7

Total 49 574 1,888 252

Siti 1 & 2 Hydropower (5+16MW)

Desilting tank Canal from intake to desilting tank

Intake

View of Siti River Canyon at Mt. Elgon

Impact

Canal from intake to desilting tank

Intake

Securing positive impact and avoiding adverse effects: • IFC Performance Standards and country specific rules • Environmental and Social Management System (ESMS) • Environmental and Social Undertakings • Environmental and Social Impact Assessments (ESIA) • Relocation Action Plans (RAP) • Community Development Actions Plans • Community Relationship Officers • Grievance Committees Examples of avoiding adverse effects: • Compensation for lost land (Siti: 220 families) • Compensation for lost houses (Siti: 19 families) • Compensation for loss of water access • Planting new trees Examples of positive impact (community development): • Employment during construction and operation (Siti: 400/20) • Water access from headrace canals • Traditional Birth Attendant Training • Boda Boda Mechanics Training

Original house for family at Siti Hydro, Uganda

New house for family at Siti Hydro, Uganda (constructed as compensation for removing old house)

Community Development Activity

Boda Boda Mechanics Training (Siti Hydro)

• Boda boda (motor bike taxis) are a very popular and critical transport means in rural Uganda

• Riders used to travel 40 km from Project area to Kapchorwa for repairs/maintenance

• Organised 7-month training course and constructed a training workshop

• 35 youth completed the course, 8 have set up their own workshops in main trading centres

Community Development Activity

Traditional Birth Attendant Training (Siti Hydro)

• 1 midwife covering 30km radius in Chesower sub-county

• Organised 1-year training course for TBAs through Mbale Hospital

• Originally 50 women enrolled

• 35 completed course, 3 working at Chesower and Tulel Health Centres, Rest called upon to assist midwife in remote areas

Community Development Activity

Provision of Access to Water (Lubilia Hydro)

• Access to water a key challenge in the project area

• Women responsible for collecting water

• Difficult terrain to water source (steep hills), slippery footpaths

• Approached Water Company in Bwera to develop a community water supply to serve 300-400 households in 3 villages

• Design considering providing water points along canal route for installing standpoints at key locations.

Anders Hauch, +254 790 554756, ahh@frontier.dk www.frontier.dk

FRONTIER Investment Management

Completed geothermal well, Kenya