SOLUTIONS

JELCO presently owns and operates the Namanve 50MW Thermal Power Plant near Kampala, Uganda. Namanve commenced operation in late 2008 and was built on a Build, Own, Operate and Transfer (“BOOT”) basis and sells power to UETCL (the Ugandan Electricity Utility) under a 12 year PPA agreement. JELCO was responsible for fully developing and financing the project from conception and continue to manage the day to day operation of the facility achieving 100% availability since the commencing commercial operation.

JELCO similarly operated the Bata 24MW Thermal Power Plant in Equatorial Guinea on an identical basis beforetransferring the plant to the utility in 2006 and is presently developing amongst others, the Aboadze 360MW Flexi-cycle Power Plant in Ghana and the Nengo Bridge 6.7MW Hydro Project in Uganda.

Project Development Experience

By virtue of JELCO having staff specifically dedicated to developing projects, teams can be quickly established from our in-house expertise with skills ranging from project developers, construction and operations engineers and financial analysts. These teams working in close collaboration with the project sponsors, partners and stakeholders are able to operate quickly and effectively to develop projects, providing us with the flexibility to bring projects to realization quickly.

Project Development Experience

By virtue of JELCO having staff specifically dedicated to developing projects, teams can be quickly established from our in-house expertise with skills ranging from project developers, construction and operations engineers and financial analysts. These teams working in close collaboration with the project sponsors, partners and stakeholders are able to operate quickly and effectively to develop projects, providing us with the flexibility to bring projects to realization quickly.

Project Financing

JELCO raises debt capital required for a Project using its longstanding relationships with Development Finance Institutions (DFI), Export Credit Agencies (ECA) and international and local commercial banks and other providers of capital. Our team is well versed with the terms and conditions prevalent in the market to attract Project Finance and is able to negotiate attractive terms directly and are familiar with Partial Risk, Sovereign Guarantees and other risk mitigation products. Its solid track record in successfully reaching financial close in power projects in a number of countries as well projects where we at a fairly advanced stage towards reaching financial close manifests our sound understanding of the power plant project financing market, showcases our credentials and strong relationship with a wide range of commercial project finance banks, which adds significant comfort to its customers with regards its capacity to secure the required non-recourse financing for the implementation of a Project.