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Clean Development Mechanism Projects utilizing Carbon Credits. Africa Carbon Forum, Nairobi, March 2010. Radhika Bharat, Senior Investment Officer, Private Sector Infrastructure Development. Madagascar Project Cost EUR 14 mn ADB loan EUR 6 mn ADB roles Project Structuring - PowerPoint PPT Presentation
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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.
