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Gas Supply Agreements
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Off-taker
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m~ÖÉ=S
ENERGY RESOURCESUPPLY
Strategic Partners
Financial Structure and
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m~ÖÉ=NM
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and Model
m~ÖÉ=NR
DEBT & EQUITY
Strategic Partners
Financial Structure and
Model
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BEE and Skills
Transfer
Environmental,Regulatory,
Legal and Tax
Economic Impact
Risk and Insurance
Debt
Debt & Equity
m~ÖÉ=NS
Fund RaisingThe Process
Debt & Equity
Step 1Develop Strategy
Step 2Market Appetite & Expressions of Interest
Step 3Information Memo and Road Show
Step 4Due Diligence
Step 5Contractual Negotiations
Key Critical Success Factors for a Successful Equity Raising
Understanding of Projects requirements
Established relationships with local and international equity providers
Understanding the requirements of possible equity providers
Good project management
Experience in negotiating with equity participants
Quality of documentation (Information Memorandum, Road show presentation, Financial Model, etc)
Credible transaction advisors
Key Critical Success Factors for a Successful Debt Raising
Established Relationships with local and international debt providers, including Development Agencies
Understanding the requirements of debt providers (Credible Operator, GSA, PPA, Environmental, etc)
Knowledge of current and likely future market norms on debt terms
Robust Financial Model
The ability to create and sustain competitive tension between lenders
Credible transaction advisers
Equity participants
m~ÖÉ=NT
COUNTRY RISK
Risk and Insurance
Equity
Strategic Partners
Financial Structure and
Model
Opera-tions
EPC
Off-take
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BEE and Skills
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Environmental,Regulatory,
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Country Risk
m~ÖÉ=NU
Country Risk
mçäáíáÅ~ä=ëí~Äáäáíó
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Country Risk
COFACE MOODYS S&PBOTSWANA A2 A1 A
MAURITIUS A3 A2
NAMIBIA A3
SOUTH AFRICA A4 A2 BBB
SWAZILAND A4
TUNISIA A4 Baa2 BBB
EGYPT B Baa1 BB+
MOROCCO A4 Ba1 BBALGERIA B
BENIN B B+SENEGAL B B+BURKINA FASO B BCAMEROON B BLESOTHO BMALI B
GHANA C B+ANGOLA CCAPE VERDE CCHAD CCONGO CDJIBOUTI CETHIOPIA CGABON CKENYA CLIBYA CMAURITANIA CMOZAMBIQUE C
NIGER C
SEYCHELLES C
TANZANIA CTOGO C
UGANDA C
BURUNDI D
CENTRAL AFRICAN REP. D
COMOROS D
DEMOCRATIC REP. Of CONGO
DEQUATORIAL GUINEA D
GAMBIA DGUINEA D
GUINEA BISSAU D
IVORY COAST D
LIBERIA DMADAGASCAR DMALAWI DNIGERIA D
RWANDA DSAO TOME DSIERRA LEONE DSOMALIA DSUDAN DZAMBIA DZIMBABWE D
AFRICA - COUNTRY RATINGS
Inve
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Economic Impact
Risk and Insurance
Equity
Strategic Partners
Financial Structure and
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Opera-tions
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BEE and Skills
Transfer
Debt
ENVIRONMENTAL, REGULATORY, LEGAL AND TAX
Environmental,Regulatory,
Legal and Tax
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PROJECT TEAM
Economic Impact
Risk and Insurance
Equity
Strategic Partners
Financial Structure and
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Off-take
Gas Supply
Environmental,Regulatory,
Legal and TaxDebt
Project Team
m~ÖÉ=OO
Project Team
Project Team
ProjectManager
Technical Commercial
Financial Structure and Model
Legal and Tax
Regulatory and Macro economic
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