1 Radhika Bharat, Senior Investment Officer, Private Sector Infrastructure Development Africa Carbon Forum, Nairobi, March 2010 Clean Development Mechanism Projects utilizing Carbon Credits

2 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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4 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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6 CDM – Project Status Project PIN Project Design Document (PDD) Validation CER Sahanivotry Done under processing2010 Buseruka Done Under review will be submitted June2011

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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.

9 THANK YOU