Africa Power Access Accelerator Programme for Project Development Support 2019
Africa Power Access Accelerator Programme
Africa Power Platform is accepting applications for the Africa Power Access Acceleratorprogramme for project development support (Technical Assistance and Financing) in 2019
Developing power projects and raising finance on the African continent has proven a difficult endeavour. There are multiple projects in different stages of development, most just a concept idea, some with certain level of studies produced but far from financial close.
They need support at all the key pillars of power project development
- Project Preparation
- Project Structuring
- Project Financing
Bringing together the expertise of a range of partners, the “Africa Power Access Accelerator” program creates a platform where developers can access everything required to get their project to implementation. From development expertise and funding, equity and debt providers, consultants, technology and equipment providers to full EPC and O&M services, we put viable projects on a success track.
Worth of Award
Developers applying to the “Africa Power Access Accelerator” may, if selected, get access to:
- Development funding
- Equity / Debt financing
- Partners (Consultants / Equipment / Technology / Development)
What will be assessed for project selection:
- Support by local government
- Technologies deployed on the project
- Financial and technical viability
- Environmental and Social aspects
- Capabilities of the development team
- Community engagement
- Contribution to UN Sustainable Development Goals
How to Apply
- The developer applies through a brief form
- The APP assesses the viability and merit of the project
- For selected projects, an action plan is put in place towards implementation
There is an application fee* to cover the due diligence process, based on the project maturity:
- Initial Concept: 0 USD (Free)
- Pre-Feasibility: 500 USD
- Partial Feasibility: 1,000 USD
- Full Bankable Feasibility: 1,500 USD
- Financial Close: 2,500 USD
* Application is free for African Power Platform members (1 project per member). Click the link on their website for joining if your company/organization is not yet a member.
To apply for the Africa Power Access Accelerator program please fill in the application form and submit by email to email@example.com.
Deadline: Applications close on June 30, 2019.