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PowerGen provides turnkey energy solutions to residential, community, commercial, and industrial customers in East Africa and beyond. Founded in 2011 our focus is on providing robust photo-voltaic and wind systems for off-grid demands. PowerGen offers a range of products and services that enable customers in a variety of markets to take advantage of the rene...
What You’ll Make Happen:
You will manage the “tip of the spear” with regards to the growth of PowerGen, ensuring that the business has sufficient capital, regulatory space, and key partners to continue growing the African micro-utility sector with PowerGen at the lead.
Design and Implement Capital Raising Strategy
Project Finance
Build relationships with a range of project funders including DFIs, strategics, private equity firms, local and international banks, foundations, and local and international governments.
Source and close debt, equity, and grant deals to fuel the construction and ownership of micro-grid assets.
Design optimal structures for the ownership and ongoing management of micro-utility assets, to streamline capital participation from a wide range of investors.
Build pitch decks, models and other materials to support capital raising efforts for projects.
Oversee due diligence for potential project investments.
Corporate Finance
On the back of a successful Series A capital raise in December 2016, lead the efforts on Series B capital raise efforts.
Source and close non-dilutive corporate financing through grants and strategic partnerships.
Build pitch decks, models and other materials to support capital raising efforts for the company.
Oversee due diligence for potential corporate investments.
Design and Implement Regulatory Engagement Strategy
In both Kenya and Tanzania, and perhaps more countries in the future:
Engage with relevant government agencies including the Ministries (MoEP, MEM), rural electrification agencies (REA, REA), environmental regulation agencies (NEMA, NEMC), national utilities (KP, TANESCO), and power regulators (ERC, EWURA) to create a clear regulatory pathway for micro-utilities
Engage with other relevant policy stakeholders and funders including the World Bank, GIZ, Power Africa (USAID), AFD, DFID, SIDA, IFC, Shell Foundation and more as the sector works to forge a policy framework
Leverage the Africa Mini-grid Developers Association (AMDA), an association of ten regional companies which PowerGen played a leading role in establishing in early 2017 to promote the sector
Design and Implement Strategic Partnerships Strategy
Manage PowerGen’s interface with all potential partners including:
International utilities
NGOs
Demand Stimulation partners
Telecoms
Technology and internet companies
Equipment finance organizations
Community development organizations
Software and hardware partners
Prioritize and triage partnership opportunities appropriately, and delegate internally within the Commercial Development Division or to other Divisions appropriately.
Manage the Objectives, Indicators, and Results system (OIRs) for the Commercial Development Division (PowerGen version of KPIs)
Proactive Management of Interfaces with other Divisions
Grid Operations – maintain tight communication with the Grid Operations Division to ensure that our models are up-to-date with the most current operating data, and that the Grid Ops Division is aware of their revenue and cost targets.
Grid Execution – coordinate with the Grid Execution team to ensure that growth plans for new connections and grids are aligned with our financial and external plans.
Finance & Administration – ensure that the F&A Division is tracking financial and other data in such a way that is consistent with our outward-facing narrative and models.
People Operations – align with the People Operations Division to ensure hiring plans for the company match our financial and other models.
Who You’ll Report to:
You will report to the CFO, who oversees the Commercial Development and Finance & Administration Divisions.
What Excites You:
Pioneering the financing structure for a completely new asset class that will require billions in capital over the next decade
Driving a project capital raise process involving multiple financiers and parties
Solving for a multitude of legal and tax implications and costs
A fast-paced environment where constant change is the norm and individual initiative-taking is encouraged
Handling ambiguity and creating order where previously none existed
Having autonomy to implement your creative solutions – not just coming up with ideas, but possessing the commitment and skill to implement them
Being a part of creating a healthy and motivating company culture
Passion for organization, details, and precision
Your Qualifications:
5+ years work experience in renewable energy or infrastructure project financing
Experience in the energy, clean tech or utility sectors
Ability and desire to build complex financial models and prepare due diligence materials for investors
Strong proficiency in Microsoft Excel, PowerPoint and other Microsoft Office products
Work experience in East Africa strongly preferred
MBA is a plus
Excellent written and oral communication skills
Fluent in both English and Swahili preferred
Enthusiasm in working for the field of renewable energy!
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