AFROTURK IMPACT INVESTOR B-CORP

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Renewable Energy

NAME : Electrify Africa

STRATEGY : Green Growth ( GROF )

SEGMENT : Renewable Energy

PURPOSE: To solve Africa’s electricity problem through renewable energy sources by using high technologies

SLOGAN: Sustainable development is possible only through production ( industry ) and production is possible only via clean, cheap and continious electricity.

COORDINATION UNIT: Professor Dr.Albert Michelle Wright, Mustafa Ayhan

PROJECTS:

A) Solar Electiricity for Africa ( SEFA )

B) Wind Electricity for Africa ( WEFA )

GENERAL SUMMARY

A) SEGMENT : Renewable Energy

B) PROJECT NAME: SEFA™ (Solar Electricity For Africa©)

C) PURPOSE: To solve Africa’s electricity problem through renewable energy sources by using high technologies and carry out the industrial planning.

D) SLOGAN: Sustainable development is possible only through production ( industry ) and production is possible only via clean, cheap and continious electricity.

E) INVESTMENT METHODOLOGIES:

1. Low Carbon Circular Economy

2. Clean Development Mechanisms

3. Impact Investing

4. BoP(Base of the pyramid) and IM (Inclusive market) development

F) LOGICAL FRAME AND THE VALUE: We divide main characteristics of SEFA™ into 3 divisions.Energy plants CONSTRUCTION, production & sale the electricity (PPA) and involve in emission trading system (ETS) 

1. CONSTRUCTION: Africa's total electricity need has been calculated as 182,500,000 MW; due to 0.50 kWh per person absolute daily usage. Please note that this is the urgent parameter with considering the Africa as BoP-Base Of the Pyramid. (Attention Please: Due to IM-Inclusive Market approach it should be 3,358,000,000 MW ) 

**All calculations in below figures are done according to Hybrid Solar Updraft Tower (H/SUT) technology formation. 

Then : 82,207 MW power H/SUT plants annually produce 182,500,000 MW electricity (BoP approach) and 1,509,335 MW power H/SUT plants produce 3,358,000,000 MW electricity (IM approach). So: 

The nominal commercial value for BoP approach is 82,207 MW X € 2,000/kWh (cost)= € 164,414,000,000

The nominal commercial value for IM approach is 1,509,335 MW X € 2,000/kWh (cost)= € 3,018,670,000,000 

2. PPA: Generaly the African governments prefer Build-Operate-Transfer method and issues Power Purchase Agreements as guarantee with 20 years maturity. 

[BoP] =>182,500,000 MW X € 0,18 kWh = € 32,850,000,000/year X 20 years= € 657,000,000,000

[IM] =>3,358,000,000 MW X € 0,18 kWh = € 604,440,000,000/year X 20 years=€ 12,088,800,000,000 

3. ETS: The calculation done according to comparision of diesel consumption and related Co2 emission. Also the volume of derivative instruments of climate finance are not calculated here.Ony Emission Trading System/Offset approach is considered. 

[BoP]=> 182,500,000 MW power produced by H/SUT plants cause 145,543,750 MT Co2 saving. In other meaning; 145,543,750 ERs (emission reduction certificates) which market value due to current prices (€10) is € 1,455,437,500

[IM] => 3,358,000,000 MW power produced by H/SUT plants cause 2,678,005,000 MT Co2 saving. In other meaning; 2,678,005,000 ERs (emission reduction certifcates) which market value due to current prices (€10) is € 26,780,050,000

…0… 

So the total financial volume of logical frame work is € 822,869,437,500 due to BoP Approach; and € 15,134,250,050,000 due to IM Approach. Please note that these figures are in regards of simple renewable-electricity market potential of Africa ( Note1: 20 years old calculation Note 2: Futuristic values of ETS have not been calculated) 

G) SUMMARISED IMPACTS:

1. ECONOMICAL: Sustainable development, measurable investings, well planned growth, circular industrialisation, high-tech mechanisation, settlement of financial derivatives, IM from BoP, prosperity

2. SOCIAL: Rising qualification at; education, governance, medical, communication and labour standards

3. ENVIRONMENTAL: Protection of natural resources and life, mitigation. 

SUMMARY ABOUT START-UP 

H) TECHNOLOGY: H/SUT ( Hybrid Solar Updraft Tower ) patented by Solarwall Turkey ( Yeni Enerji Sistemleri Teknoloji ve Sanayi AS)


I) CONSORTIUM:

1. AfroTurk Business Council B-Corp: Responsible for governmental contracts and all coordinations of SEFA™

2.  Solarwall Group (www.solarwall.com): Responsible for EPC process of H/SUT plants

K) CAPACITY: Each 50 MW H/SUT produces 111,241,012 kWh/year electricity with 24 hours ongoing principal.

L) ESTIMATED PRELIMINARY DESIGN AFTER APROVAL: 10 months

M) ESTIMATED CONSTRUCTION TIME AFTER PRELIMINARY DESIGN: 36 months

N) ESTIMATED COMMISSIONING TIME AFTER COMPLETING CONSTRUCTION: 3 months

O) TOTAL TIME BEFORE SELLING ELECTRICITY: 49 months (circa 4 years)

P) TOTAL EPC PRICE OF EACH 50 MW POWER H/SUT: € 101,000,000

Q) CONTRACT MODELLING: 20 years Build Operate Transfer (BOT) with Power Purchase Agreement (PPA) including MIGA insurance guarantee.

R) TOTAL PPA INCOME AFTER circa/4 YEARS CONSTRUCTION PERIOD: € 0,18/kWhsale price X 111,241,012 kWh annual electricity production : € 20,023,383/year X 16 years electricity sale due to 20 years BOT agreement: € 320,374,128

** Increasing of the electricity prices was not considered

S) RETURN OF INVESTMENT: 4 years (construction time) + 5 years= 9 years

T) PROFIT: € 220,257,213 (the sum of 10th,11th…20th years) 

** Related financial calculations due to touristical usage of the tower are not included 

U) ANNUAL CO2 SAVING: We made C02 saving calculation due to fuel oil exemption because target countries supply electricity mostly through diesel generators. Each diesel generator expends 250 gram / kWh diesel fuel. According to CO2 Footprint approach diesel fuel is equal to 3,19 kg CO2 kg / fuel oil 

So, every 50 MW H/SUT Plant saves 88,175 MT CO2 in every year !

V) TARGETS:

1. Activation of component factory in Turkey

2. Vocational certificated-training for Africans regarding the project

3. Microcredits for African artisans regarding the Project

4. Issuing the VERs of the Project and trade in ETS


 

 

1. Power Datas of first phase target countries

COUNTRY

ACTIVE MFG

Thermal%

Hydro%

POPULATION%

IMPORT%

SOLAR

WIND

BENİN 8,791,832

60

97.4

2.6

2

85

4-6,2kwh/m2/day

3-6 m/s

BURKINA FASO 15,730,977

249

83

17

17

60

5.5kwh/m2/ day

3 m/s

CAPEVERDE 567.000

75

 

 

 

 

6 kwh/m2/ day

7.5 m/s

CHAD 10.329.208

32

100

-

5

90

6 kwh/m2/ day

7.5 m/s

IVORY COAST 20.617.068

1.200

67,4

32,6

18

0

2-4,5 kwh/m2/day

1-2 m/s

GAMBIA 1.705.000

53

100

-

20

 

4,5-5,3 kwh/m2/day

3 m/s

GHANA 24.233.431

1,650

34

66

40

-

3,5-4,5 kwh/m2/day

6,2-9,9 m/s

GUINEA 10,057,975

361

72

28

16

 

4,8 kwh/m2/day

2-4 m/s

GINE BISSAU 1,647,000

21

38

-

12

62

4,5-5,5 kwh/m2/day

2,5-7 m/s

CAMEROUN 19,100,000

816

12

88

55

30

5kwh/m2/day

1.6 m/s

LIBERIA 3,786,764

24,6

100

-

7

100

4-6 kwh/m2/day

No Data

MALI 14,517,176

310

20

80

10

 

6 kwh/m2/day

4,7-5,3 m/sn

MORITANIA 2 828 858

200

100

-

70

 

4-6 kwh/m2/day

5-7 m/sn

NIGER 15,730,754

145

100

-

10

87

5-7 kwh/m2/day

5 m/sn

NIGERIA 167,000,000

6.000

67

33

30

 

5,2 kwh/m2/day

3-5,1 m/sn

SAO TOME 179,506

15,6

42

58

60

 

5,2 kwh/m2/day

1-2 m/s

SENEGAL 13,711,597

561

90

10

50

90

4-5 kwh/m2/day

2-4,2 m/s

SIERRA LEONE 6,300,000

46

 

 

5

 

4,1-5,2 kwh/m2/day

3-12 m/s

TOGO 6,619,000

84

95

5

13

95

4,5 kwh/m2/day

6 m/s

2. Total Power Necessity due to 0,50kwh/person Consumption= 343.453.146 x 0,50 = 171,726 MW

3. Wind Power Investment Potantial due to 30/70 Ratio and Current Power Mfg = 614 MW

4. Wind Power Investment Potantial Due to 30/70 Ratio and Gross Necessity= 6,885 MW

5. Short Term Production Plant Traget = 1,900 MW

6. Estimated Gross Value of the Program: € 1,900,000,000,000

7. The Planned Technologies : Concentrated Solar Power with Fresnel Lens ( CSP-F ) for SEFA Project and Space Turbins for WEFA Project

8. The Planned Power Capacity for Every CSP-F Plant: 100 MW with 16 hours storage capacity

Click for Comparision List ( SEFA CSP-F project and Others )

9. The Planned Power Capacity for Every Wind Energy Plant : 1 GB


SUT-1-

SEFA NIGER

Prime Minister

Prime Minister

Nigelec

Minister

Office

Ministry

Ministry

Ministry

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