A new approach is required if Africa is to resolve its chronic power deficit. Although important, the more traditional forms of financing through private equity and development finance will not be able to match Africa’s substantial demand for power in the coming years. Our belief is that the capital markets need to be engaged and have a critical role to play. As a listed power company, with a permanent capital base, APC will be in a position to use the capital markets to make a real difference to the future growth of the African power sector.
Our approach is to invest for the long-term and we believe that this will help to generate significant risk-adjusted returns for its shareholders, whilst supporting the sustainable growth of both the African power sector and the underlying economies.
APC operates as a strategic partner, working with owners and management teams in the operating assets and companies that it invests in across the African power sector. APC supports them to develop, finance and grow their businesses.
We also invest in developers that wish to grow their businesses into sustainable operating companies. Over time, APC will be looking to support the listing of African power companies on domestic, regional or international stock exchanges.
We are fuel agnostic but recognise the importance of renewable energy and the increasingly significant contribution it is making towards the growth of the African power sector.
APC has set itself a target to have a substantial portion of its portfolio invested in renewables within three years.
As a listed company, APC will offer its shareholders liquidity, best practice and “pure play” exposure to the development and growth of the African power sector.