Page 29 - Energize April 2022

NEWS

contribute to a just transition in South
Africa and in the other markets that Financial modelling for
Norfund aims to prioritise.”
Nick O’Donohoe, CDC Group’s chief utility tariff setting
executive, said that CDC is delighted to
once again partner with Norfund on this A short course offered by UCT’s Graduate School of Business
investment in H1 Capital, which will help
increase clean energy access for people,
communities, and businesses across The Power Futures Lab at the University of Cape Town Graduate School of Business will
South Africa. This investment, he added, be delivering an executive education short course titled “Financial Modelling for Utility
marks another key step toward fulfilling Tariff Setting” from 25 to 29 April 2022.
CDC’s pledge to devote greater capital to
fund clean infrastructure and to support Date: 25 to 29 April 2022
markets like South Africa on its path Cost: Face-to-face in Cape Town: R 28 950; live online: R14 950
toward a just transition. “This investment
signals our strengthened relationship with This specialised course is designed to provide core skills for utility tariff setting in a
South Africa and clearly signals Britain’s regulated context, and is specifically suited for managers, senior professionals and
commitment to help accelerate economic advisors working in African regulatory authorities, government departments, power
productivity and inclusive growth for utilities, development finance institutions and the private sector.
Africa’s green recovery”, he added. Leading international and regional sector experts will take participants through
UK Minister for Africa, Vicky Ford, modelling fundamentals for tariff setting, facilitated through a series of lectures, pre-
said: “South Africa’s target to generate recorded videos and selected readings.
20 GW of new renewable capacity Course participants will also be guided in the construction of a robust financial model
over the next ten years is indicative for determining the required utility revenues and tariffs, including all constituent parts
of the country’s bold steps toward such as the regulatory asset base, weighted average cost of capital, regulatory treatment
securing a net-zero future for itself. of investments, sensitivities and prudent energy and operation maintenance costs.
$16-million of UK investment in H1 The course will also offer optional sessions dedicated to the South African power
Capital demonstrates our continued sector, covering multi-year tariff setting and tariff orders, cost of service methodologies,
commitment to remaining a strong energy transacting and wheeling tariff design, small-scale embedded generation (SSEG)
partner for Africa, to help address the cost of service tools, and municipality compensation schemes.
urgent climate challenge, and promote
clean and equitable growth that will Click here for the course programme to obtain more information.
ensure African economies can build back
better. Investments like this reaffirm In 2022, all of Power Futures Lab’s executive education short courses will be delivered in a
and follow on from the commitment we hybrid format, providing for both online and in-person delivery at the University of Cape
have made to South Africa’s low-carbon Town’s Graduate School of business.
transition, through the $8,5-billion
multi-donor Just Energy Transition Apply here for in-person training
Partnership.” Apply here for live online training
Reyburn Hendricks, the CEO of H1
Capital, said, “H1 is excited to be able The course is accredited by ECSA, and participants will earn CPD points on the successful
to partner with Norfund and CDC to completion of the course.
achieve our purpose of improving the
quality of lives. South Africa needs access Click here for more information on the full course faculty
to long-term, patient capital to develop
the large-scale energy projects required For more information on course fees and registration, please visit the course website,
for reliable, clean power supply and email Power Futures Lab, or contact the course convenor, Dr Peter Twesigye.
economic development. H1 hopes that
the partnership fostered with Norfund and
CDC can be replicated with other players
and projects in sub-Saharan Africa”.

Contact Per Kristian Sbertoli, Norfund,
per.kristian@norfund.no,
www.norfund.no

energize | April 2022 | 27