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Developing the Concentrated Solar Power in MENA Region

Developing the Concentrated Solar Power in MENA Region. Ms. Hela Cheikhrouhou Division Manager Infrastructure Finance, Private Sector Operations, AfDB MENASOL Conference- Cairo, May 2010. Who We are. AfDB is the Pan-African Multilateral Development Bank

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Developing the Concentrated Solar Power in MENA Region

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  1. Developing the Concentrated Solar Power in MENA Region Ms. Hela Cheikhrouhou Division Manager Infrastructure Finance, Private Sector Operations, AfDB MENASOL Conference- Cairo, May 2010

  2. Who We are • AfDB is the Pan-African Multilateral Development Bank • Infrastructure Finance, Private Sector Development, and Regional Integration are institutional top priorities • AfDB leverages its AAA balance sheet to support the economic development in its regional member countries • AfDB has consistently been a major financier to the Energy Sector in North Africa • Originator for Clean Technology Fund Co-financings in Africa, along with WBG

  3. AfDB has 2 lending windows: Public and Private AfDB’s lending operations Public window Governments or state owned enterprises Sovereign Concessionary terms Private window - Privately owned enterprises - “Financially strong” government owned enterprises Non sovereign Commercial terms Recipient Guarantee Financial terms

  4. The AfDB selects its private instruments to meet investee company’s needs • Senior Debt – tenor and currency adapted to project needs; debt arranging capacity: • African Financing Partnership– DFI co-financing platform • A-B Syndication Program– leveraging the AfDB Preferred Creditor Status • Guarantees – partial risk, partial credit • Subordinated Debt • Equity – direct, or indirect (equity funds) • Technical Assistance, incl. for carbon credits

  5. Key Private Investment Selection Criteria • Consistency with AfDB Strategy in the Regional Member Country • Commercial Viability • Expected Development Outcomes • AfDB Additionality

  6. The AfDB is actively building a pipeline of Clean Energy Investments across the Continent • Hydro Power • Wind energy • Co-generation • Geothermal • ... Solar Power (Mainly CSP)

  7. Sample Past Clean Investments :

  8. solar tower (SNL) parabolic trough (PSA) parabolic dish (SBP) linear Fresnel (Solarmundo) AfDB is working with North African Governments, IFIs and interested private investors to support Solar Energy Scale-up. Why?

  9. Areas physically favorable for CSP development (DLR,2005)

  10. Levelized Costs of CSP technologies as compared to gas fired power plants (Unit: US$/MWh)

  11. Cost of CSP Power Generation by Location

  12. Advantage of Solar Scale-up program in MENA (1) • MENA region has amongst the best physical conditions for solar power in the world • CSP is of particular interest to utilities due to scalability and dispatch-ability • Exploiting the potential scale economics in MENA will help accelerate global adoption of CSP through unit cost reductions

  13. Advantage of Solar Scale-up program in MENA (2) • Growing strategic importance of renewable energy in the Mediterranean and Gulf region including for regional integration • Good potential for enhancing local content through technology transfer • Possibility of “green” stimulus packages that create employment through investment in transmission, generation, and equipment manufacturing

  14. Renewable energy targets in North African countries

  15. CSP Projects in Clean Technology Fund Investment Plan [1] This is a project with 8 hr storage so the size of the solar field will be equivalent to a 60 MW project. [2] This is a CSP-desalination project

  16. Objectives & Rationale: • Increase the production capacity using clean energy resources in order to secure the energy mix and reduce GHGemission • Development and promotion of clean technology • Possibility for Export of electricity to Europe • There is possibilities to combined the technology with other renewable resources (Hybrid system) • Possibility to benefit from the carbon credit

  17. Possible Transmission lines within North Africa and to Europe

  18. Parameter overview for transmission lines [1] Losses of HVDC: based on NorNed

  19. Summary:In order to enable the implementation of the CSP Projects there will be need for: • Concessional Financing • Clear policy (national & international) • Costs reduction by increasing production of unit number • Local production • Capacity building

  20. THANK YOU h.cheikhrouhou@afdb.org

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