DEVELOPER
& INVESTOR
OF RENEWABLE
ENERGY
PROJECTS

Berkeley Energy is a renewable energy
fund manager investing in Asian and African
emerging markets.

Berkeley Energy currently has three funds under management, two in relation to Asia: the Renewable Energy Asia Fund (REAF) ($100m) which is fully deployed and the Renewable Energy Asia Fund II ($112m) which has held a first close and aims for a final close by Q1 2017 and the other in relation to Sub-Saharan Africa: the Africa Renewable Energy Fund (AREF) ($200m) which finally closed in 2015. REAF, REAF II and AREF invest into development stage renewable energy assets using proven technologies supported by local renewable energy legislation and commercial market drivers and taking projects through construction and into operations.

ABOUT

Berkeley Energy is an investment manager founded in 2007 to invest private equity into renewable energy infrastructure in developing markets. It manages:

The Renewable Energy Asia Fund (REAF) invests into small hydro, wind, geothermal, solar, landfill gas and biomass projects in Asian developing markets, with a primary focus to date in India and the Philippines.

The Africa Renewable Energy Fund (AREF) invests into small hydro, wind, geothermal, solar, stranded gas and biomass projects across Sub-Saharan Africa, excluding South Africa.
The Renewable Energy Asia Fund (REAF) invests into small hydro, wind, geothermal, solar, landfill gas and biomass projects in Asian developing markets, with a primary focus to date in India and the Philippines.


Berkeley Energy has deep renewable energy and power engineering, construction and investment experience in developing markets, where it is a focused investor, developer and deliverer of renewable power assets. Berkeley works with its partner companies to provide engineering, management and financial support, whilst offering the ability to act as a bankable sponsor for renewable power projects.
Once built, Berkeley Energy matures and consolidates its assets regionally or by technology into operating portfolios which it would seek to exit.

Our approach is hands-on, asset-first, technically orientated. We look to receive our returns through holding equity in well-conceived and constructed projects and not through development fees, consultancy or asset-flipping.
Berkeley Energy has offices in London, Singapore, Mauritius, Delhi and Nairobi and a presence in Manila.

Members of the group are authorised and regulated respectively by the United Kingdom Financial Conduct Authority and in Mauritius by the Financial Services Commission.

THE TEAM

Berkeley Energy has assembled a team with a balance of operating and financial expertise to underpin the successful execution of the firm's strategy.

Cumulatively, the management have delivered over 115 renewable energy projects and over 70 conventional energy projects in developed and emerging markets. This experience of successfully identifying, costing, constructing and operating assets across technologies, countries and regulatory environments to be a competitive advantage and key value driver for the firm.

Berkeley Energy's operational capabilities are complemented with dedicated financing, legal and structuring professionals with experience in private equity, infrastructure and renewable energy transactions. This balance of operational and transaction expertise combines the project development, construction and operations expertise of an industrial firm, with the flexibility, financial rigour and discipline of a financial sponsor.

Gonyi Ajawin
Akiva Bonnick
Lucy Bray
Michael Brown
Luka Buljan
Dhee Cheeneebash
Julian Bermejo Collado
Mariel Crisostomo
Axel Gnassounou
Dan Gonzales
Ian Griffiths
David Hastings
Lisa Idris
Divyansh Johar
Shelley Killiard
Paul Kizito
TC Kundi
Adam Martyn
Kunal Mehta
Edwin Munian
Parvez Musaphur
Rachel Mutahi
Snigdha Nahar
Edward Njoroge
Jacqueline Nthambi
Jonathan Payne
Gordon Power
Marloes Ras
Andrew Reicher
Robert Renfrew
Nitin Saxena
Nicholas Tatrallyay
Alastair Vere Nicoll
Joost Van Acht
Lorsheenee Vydelingum
Anwar Zaib
Nikhath Zigmund

Gonyi Ajawin - Legal Counsel

Gonyi Ajawin is responsible for all legal and compliance matters for AREF and is an integral member of the investment team working on the structuring and negotiation of equity and debt financing.

Mr Gonyi trained and qualified as a lawyer in the structured finance team of Mayer Brown International LLP (working in both the London and Hong Kong offices) before joining the energy, infrastructure and project finance team at Fasken Martineau LPP as a Senior Associate.

Mr Ajawin has completed client secondments to Lehman Brothers Europe, UniCredit Bank AG and the East African Development Bank. Among his previous experiences, he has advised clients on a broad range of international capital markets transactions, securitisations (and other complex structured offerings) and project finance matters (with a particular focus on emerging markets). Mr. Ajawin also has extensive experience advising European, Middle Eastern, and African sovereigns, corporates, and financial institution issuers and their bankers on a broad range of securities products, global offerings, commercial paper programs, Eurobond offerings, and private placements (including dealing with key regulatory authorities in various jurisdictions).

Gonyi Ajawin has a Bachelors of Laws degree from the University of Bristol and a Postgraduate Diploma in Law from Oxford Institute of Legal Practice.

He is based in Nairobi.


Akiva Bonnick - Environmental & Social Manager - REAF, REAF II and AREF

Ms. Bonnick is responsible for Environmental and Social management across the organization specifically relating to early stage risk assessment and categorization, supporting the portfolio team on a day to day basis to maintain E&S compliance and awareness, and ensuring continued alignment with investors regarding their prescribed E&S requirements.

Prior to joining Berkeley,Ms. Bonnickwas a Senior E&S Analyst responsible for (renewable) energy projects at FMO (the Dutch development bank). She has 4+ years assessing the E&S risks and seeking opportunities for energy projects, managing consultants as well as maintaining the E&S quality of the portfolio specifically for projects in Africa and Latin America. Prior to FMO,Ms. Bonnickworked as a project engineer in Jamaica. She holds a Master's of Science in Environmental and Energy Management and a Bachelor's of Science in Civil Engineering.

Ms. Bonnickis based in Singapore.


Lucy Bray - Manager - Financial Modelling

Lucy is a finance professional with 9 years of experience in corporate and project finance.

Originally from New Zealand, Lucy worked at Deloitte in Auckland leading the financial modelling practice and advising clients across various sectors including transport, telecommunications, power and waste. In 2014 Lucy moved to Singapore and into the infrastructure and modelling team at KPMG where she worked on project finance and PPP transactions within South East Asia and the Middle East. Lucy is a CFA charter holder and holds a conjoint Bachelor of Commerce / Bachelor of Science with majors in finance and applied mathematics.

At Berkeley Energy, Lucy assists both the REAF and AREF teams by reviewing and preparing financial models for new and exiting investments as well as modelling and analysing fund returns. She also supports the team with market research, analysis and due diligence where required.

Lucy is based in Singapore.



Michael Brown - Investment Director - REAF and REAF II

Mr. Brown is the Investment Director and member of the Investment Committee of REAF and REAF II. He supports the partner group in sourcing, negotiating, structuring, executing and managing investments for REAF.

Mr. Brown has over 12 years experience in private equity, corporate finance and advisory work, across acquisitions, leveraged buy-outs, direct equity investments, structured carbon finance and strategy, with experience of operating in India, SE Asia, China, Korea, the Middle East, North Africa and throughout Europe.

Mr. Brown has previously worked at KPMG and a private equity advisory boutique, whilst in his prior position to Berkeley, with Climate Change Capital, he was responsible for managing investments in the Indian and SE Asia region, leading and executing direct investments and holding board positions on investee companies. His technology experience includes biomass, wind, hydro, solar, waste to energy, industrial energy efficiency and biofuels. Mr. Brown holds a BSc from the University of Bristol and undertook a postgraduate engineering course in renewable energy technologies.

Mr. Brown is based in Singapore.


Luka Buljan - Investment Director - AREF

Mr. Buljan is the Investment Director and member of the investment committee of AREF. He is an experienced energy industry executive with a strong focus on emerging markets, particularly sub-Saharan Africa, and a track record in closing transactions and managing businesses. He was the Chief Operating Officer of African Power Corporation, a power project developer where he worked on a 600 MW hydro project in Congo-Brazzaville.

Prior to that he has spent ten years within a couple of investment vehicles for Actis Capital LLP, an emerging markets private equity investor, where he played several roles: CEO of Empower, a start-up providing interim power generation solutions and Director, Business Development at Globeleq, a company specialised in acquiring and developing power generation and distribution projects. With Empower and Globeleq Mr. Buljan closed several important transactions in power generation and distribution infrastructure in Uganda, South Africa, Tanzania, Mauritania and South Sudan, and pursued other projects in many other countries across the continent.

Previously he has worked in the New Investment Office of CDC Capital Partners, the predecessor of Actis, as a management consultant in Italy and as an entrepreneur in Croatia. Mr Buljan holds an MBA from IESE Business School in Barcelona, a degree in Mechanical Engineering from the University of Zagreb and is fluent in five languages.

Mr. Buljan is based in Nairobi.


Dhee Cheeneebash - Financial Controller - AREF

Mrs. Cheeneebash is responsible for fund accounting and reporting in Mauritius. Prior to joining Berkeley Energy, Mrs. Cheeneebash was the finance manager of an offshore management company.

Mrs. Cheeneebash is a Fellow member of the Association of Chartered Certified Accountants and holds 14 years of experience in financial services industry.

Mrs. Cheeneebash is based in Mauritius.



Julian Bermejo Collado - Project Manager

Mr. Bermejo has twenty-plus years of experience in projectdevelopment, construction and operations management within the wind, hydro, solarand infrastructure sectors across Europe, Latin America, Canada and in the MENA and APAC regions. Mr Bermejo has held senior management positions in EPC construction management, projects director, as turn-key/EPC contractor, Owner´s Engineering, EPCM, consulting & advisory services. Prior to joining Berkeley Energy he was the Head of Global Wind at Worley Parsons, based in Madrid.

He holds a MSc in Industrial Engineering, PMP and Master's in Business Administration from EOI in Madrid.

Mr. Bermejo is based in Nairobi.



Mariel Crisostomo - Financial Controller - Projects

Mariel is a Certified Accountant in the Philippines with Master's Degree in Business Administration.

She has more than 15 years of experience in various facets of Finance including Audit, Management Accounting, Financial Analysis & Reporting, Taxation, Treasury & Controllership. She gained her audit experience at PKF Philippines (RS Bernaldo & Associates) and was seconded at Grant Thornton Vietnam.

She worked as a Financial Controller for Drug Store Chains, Financial Holding & Investments Company and concurrent volunteer work for Charitable & Educational Foundations. She also served as a Financial Analyst for Standard Bank PLC SPVs in the Philippines.

Mariel is an advocate of continuing process & systems development and deeply believes in empowering people to achieve efficiency at work.

Mariel is based in Manila.


Axel Gnassounou - Project Engineer - AREF

Mr. Gnassounou has experience in renewable energy projects across Europe and Africa. He is currently involved into engineering, due diligence, and project management of AREF projects.

Mr. Gnassounou is on secondment to Berkeley Energy from the African Biofuel and Renewable Energy Company where he held a Project Officer position on projects in all 8 WAEMU countries and in Chad. He previously worked for solar developers in designing, planning and delivering renewable energy projects.
Mr. Gnassounou holds a BEng in renewables energy (University of Montpellier) and a Master's degree in Project Management (EI.CESI).

Mr. Gnassounou is based in Nairobi.


Dan Gonzales - Philippines Legal Counsel - REAF and REAF II

Mr. Gonzales is the Philippines Legal Counsel for Berkeley Energy, responsible for providing legal support to the growing portfolio of Philippine projects and to REAF and REAF II generally. He acts as the corporate secretary for Philippines investment and holding companies, manages corporate governance practices and provides general transaction and corporate support for REAF and REAF II.

Before joining Berkeley in 2016, Mr. Gonzales had nine years of experience as a lawyer in the Philippines specialising in the natural resources industry and renewable energy sector. He worked for PetroEnergy Resources Corporation, a publicly listed Philippines company, for over five years where he was responsible for handling various corporate, legal, contractual and regulatory issues and requirements of PetroEnergy's renewable energy projects.

Mr. Gonzales holds a Bachelor of Science degree in Geology and a Bachelor of Laws, both from the University of the Philippines.
Mr. Gonzales is based in Manila.


Ian Griffiths - Project Director - REAF and REAF II

Mr. Griffiths has 15+ years of experience in managing multidisciplinary teams in the development, construction and operation renewable energy and waste management assets in the UK and Australia. He is a member of the investment committee for REAF.

Mr. Griffiths has a strong operational and contract management background and has held management positions in Waste Recycling Group, working with Mr. Kundi and Mr. Renfrew, in the UK, Boral Australia and Tox Free Australia.

Prior to joining Berkeley Energy, Mr. Griffiths lived and worked in the remote Pilbara region of Australia in the capacity of technical projects manager and latterly business development manager. Mr Griffiths was responsible for supporting a portfolio of blue chip mining and LNG clients in a challenging geographic setting, during a period of unprecedented growth in the resources sector.

Mr. Griffiths has a BSc (Hons) from the University of Wales and is based in the Berkeley Energy Singapore office.


David Hastings - Project Director - AREF

Mr. Hastings is responsible for the due diligence, engineering, procurement and project management of AREF investments.

Mr. Hastings has 25+ years of development, engineering, construction and operations experience in the major infrastructure and renewable energy industries, across Europe, North America, South America, Australia and Asia. He has held a variety of senior management technical, commercial, contractual and operational roles for contractors, developers, owner operators and consultants and has a strong track record of primary responsibility for over 20 operating wind power projects, as well as having experience in energy storage, geothermal, solar, hydro and biomass technologies. Mr. Hastings holds a BEng with Distinction from Dundee Institute of Technology.

Mr. Hastings is based in Nairobi.


Lisa Idris - Office Manager

Lisa comes with 9 years of experiencewithin office management, support management and operations function. Prior to joining Berkeley, Lisa was an Operations, Support Manager for Asia Pacific within the recruitment industry.

She is responsible for providing a high level of administrative support within the Singapore office and ensures that tasks at hand are delivered in an efficient and timely manner.Lisa is conversant in three languages and holds a Diploma in Business Administration & Marketing.

Lisa is based in Singapore.



Divyansh Johar - Senior Investment Manager - REAF and REAF II

Mr. Johar is the Investment Manager for REAF. He is involved in financial analysis of investments, preparation of investment papers and management of various aspects of the transaction process (including co-investment and project finance debt raise). He also screens and evaluates potential investment opportunities for REAF.

Mr. Johar is a finance professional with extensive experience in investment analysis, business modelling and valuation. Prior to Berkeley Energy, Mr. Johar has worked with the Transaction Advisory team at Ernst & Young. He has advised clients in the infrastructure sector (conventional power, renewable energy and roads) on project finance, debt raise / restructuring, private equity and bid advisory.

Mr. Johar holds an MBA from Indian Institute of Management (IIM), Lucknow and received his Engineering degree in Metallurgical Engineering and Materials Science from Indian Institute of Technology (IIT), Bombay.

Mr. Johar is based in Manila.


Shelley Killiard - General Counsel

Ms. Killiard is general counsel for Berkeley Energy. Ms. Killiard is responsible for all legal matters for REAF relative to both debt and equity financings and divestments, including negotiation, structuring anddocumentation, as well as investment holding structures, corporate secretarial and compliance matters.

Prior to joining Berkeley in 2012, Ms. Killiard was with international law firm CMS Cameron McKenna for six years in the infrastructure and project finance group, based in London. She is an experienced banking and project finance lawyer having advised numerous banks and financial institutions and also borrowers, sponsors and consortia on a wide variety of project finance and corporate and structured finance transactions both in the UK and internationally across a broad range of sectors, including: energy; transport; defence; social infrastructure; and secondary markets. Ms. Killiard has an LLB (Hons) degree in Law and Italian from the University of Strathclyde, Glasgow.

Miss Killiard is based in Singapore.



Paul Kizito - Financial Controller

Mr. Kizito is an accounting and financial management professional with over a decade of experience across leading industrial companies in Kenya and the Eastern Africa region. Over this time, Mr. Kizito has spent over five years working within senior management roles, and has a rich depth of experience in streamlining financial management systems and business operations. Prior to joining Berkeley Energy, Mr. Kizito worked as Finance Manager at G4S Kenya Group, overseeing both strategic and financial management operations across its security solutions businesses.

Mr. Kizito is a Certified Public Accountant (Kenya) and has a Master of Business Administration from the University of Nairobi.

Paul is based in Nairobi.


TC Kundi - Managing Partner and Investment Committee member - REAF, AREF and REAF II

Mr. Kundi is a co-founder of Berkeley Energy. He is a board member of the Berkeley Energy Limited, the holding company for the Berkeley Energy management group. TC Kundi is the Managing Partner, directing the firm's development since its incorporation, and is a member of both REAF and REAF II Investment Committee and is the Chairman of the AREF Investment Committee.


He is also a board member for all REAF and AREF portfolio investments.

TC Kundi also oversees Berkeley Energy India, Berkeley's subsidiary in New Delhi and Berkeley Energy Renewables Singapore, its subsidiary in Singapore which provide operational and administrative support to the manager of REAF. Mr. Kundi is one of a handful of professionals globally who has acted as a principal owner and operator of renewable energy assets for 25+ years.

Mr. Kundi is a Mechanical Engineering (BEng Hons), and holds a post graduate Certificate in Business Administration from University of Warwick. He is a Chartered Mechanical Engineer (C Eng) with the IMechE and a Chartered European Engineer (Eur Ing) with FEANI.

Mr. Kundi is based in Singapore.


Adam Martyn - Project Engineer

Mr. Martyn supports the project management functions for development, engineering and construction of the AREF projects, and technical-related matters in general.

Prior to joining Berkeley Energy, he previously worked for Civicon as project engineer. Mr. Martyn was responsible for the QA/QC and management of the Olkaria III geothermal power plant during the final stages of construction and commissioning.

He holds a BEng in Mechanical Engineering (Hons) from the University of Manchester. Mr. Martyn is based in Nairobi.


Kunal Mehta - Senior Investment Manager

Mr. Mehta is a Senior Investment Manager for REAF and REAF II. He is involved in the origination, execution and management of the funds' investments in Asia. Mr. Mehta has 10 years of experience in financing energy projects across Europe and Asia. Prior to joining Berkeley Energy, Mr. Mehta worked in Siemens Financial Services leading and executing investments in the power generation sector with a special focus on offshore wind.

He has previously worked in Earth Capital Partners, Man Group and Climate Change Capital as both an investor and advisor. Mr. Mehta holds an MSc in Finance from London Business School and an MSc in Environmental Change and Management from the University of Oxford.

Mr. Mehta is based in Singapore.



Edwin Munian - Project Manager

Mr. Munian has 11 years of experience in the business development, design, construction and operation of high voltage electrical distribution, transmission and renewable energy assets in South Africa and Australia.

Mr. Munian has a strong technical backgroundin design, project management and site management and has worked extensively in the renewable energy sector in Australia on some of the continent's iconic renewable energy projects.

Prior to joining Berkeley Energy, Mr Munian has lived and worked in Australia in Tasmania, South Australia and Victoria where he performed project engineering, project management and business development roles for renewable energy developers and a design and construction company namely Roaring 40's Renewable Energy, Hydro Tasmania Wind and Consolidated Power Projects.

Mr Munian has a Bachelor's Degree in Electrical Engineering and an Advanced Diploma in Project Management from the Durban University of Technology.

Edwin is based in Singapore.



Parvez Musaphur - IT Manager

Parvez Musaphur is the IT Manager responsible for IT infrastructure, procurement, IT policies and enterprise communication.

Parvez comes with 18 years of experience in the IT industry. Prior to joining Berkeley, he worked for several offshore companies, Government of Mauritius and more recently as Head of IT for Linkbynet.

Mr Musaphur holds an MBA and BSc in IT Enterprise and Business Informatics. He is also ITIL & Information Security Management System (ISO27001) certified.

Parvez is based in Mauritius.



Rachel Mutahi - Office Manager - AREF

Ms. Mutahi is responsible for providing high level administrative support to the Berkeley Energy Kenya Ltd business unit.

She has over 8 years' experience in accounting in the automotive, manufacturing and real estate industry.

Prior to joining Berkeley, Ms. Mutahi was the finance and administration manager of a local real estate firm where she was responsible for the finance function, managing the company's properties and the ongoing construction projects.

Ms. Mutahi holds a BSc. degree in International Business Administration- Finance option from United States International University and is currently pursuing ACCA part 3.

Ms. Mutahi is based in Nairobi.



Snigdha Nahar - Legal Associate - REAF and REAF II

Ms.Nahar is legal associate for REAF, providing support to the investment team onthe structuring, negotiation and documentation of equity and debtfinancings. She also manages the investment holding structures, corporatesecretarial and compliance matters.

Ms. Nahar is dual-qualified (UK and India). She is an experienced banking and project finance lawyer, having trained with Clifford Chance in London prior to joining the Banking and Finance team of Allen and Overy in Singapore in 2012 where she worked on numerous transactions in South Asia and South East Asia including India, Indonesia and Bangladesh advising a wide variety of lenders, development finance institutions, sponsors and private equity funds in respect of project finance, corporate finance and acquisition finance transactions. Ms. Nahar joined Berkeley Energy at the beginning of 2016.

Ms. Nahar is based in Singapore.



Edward Njoroge - Non-Executive Investment Committee member - AREF

Edward Njoroge is a member of the investment committee for AREF.

For 10 years up to mid-2013, he was the Managing Director of Kenya Electricity Generating Company (KenGen). While at KenGen, Mr. Njoroge played a pivotal role in the strategic and operational transformation of the company and its successful flotation on the Nairobi Stock Exchange. His vision was for Kenya to be powered by green energy and he is credited with having implemented several hydro projects, the first wind project and the biggest geothermal plant in Kenya.

Mr. Njoroge is currently the Chairman of the board of the Nairobi Securities Exchange, and Telkom Kenya Limited, and Chairman of the Investment Committee of the Aureos East Africa Fund. He is a member of the Board of CfC Stanbic Bank and Real Insurance Ltd.

He was previously chairman of the World Energy Council Kenya Chapter and the President of the Union of Producers, Transporters and Distributors of Electric Power in Africa.


Jacqueline Nthambi - Administrative Assistant

Ms. Nthambi comes with experience in office and project administration gained from providing administrative support to various teams and departments in her current and previous roles. She has worked in the Manufacturing, Education and IT sectors.

She is passionate about administration, people and projects and is responsible for providing a high level of administrative support to the African team based in Nairobi.

Ms. Nthambi holds a BA degree in Communication from the University of Nairobi and is based in Nairobi.


Jonathan Payne - Finance Director Portfolio Investments and REAF II and a member of the investment committee for REAF

Mr Payne has 15+ years' experience of driving performance in operating businesses'. He has extensive experience in M&A activity, financial control, reporting, process improvement, strategic planning, system implementation, and building strong teams.

Mr Payne has held senior finance roles in both the UK and Australia, including as Financial Controller for WRG developing the renewable energy business with TC Kundi and Bob Renfrew. Mr Payne was also part of the ultimate spin off of that business into Infinis Plc and helped shape the continued growth.

Mr Payne is a qualified Chartered Management Accountant (ACMA) and holds an Honours degree in Accountancy Studies.

Mr Payne is based in Singapore.


Gordon Power - Non-executive member of the Investment Committee for REAF II and Non-executive director of Berkeley Energy Limited

Gordon is co-founder of STIG and SET3 and has over 30 years' of private equity experience, and has over the past six years brought together the companies and management teams with the SET3 group. Prior to this he founded the private equity business ProVen Private Equity (now re-named Beringea) and led its buy-out from Guinness Mahon in 1997.

As CEO of ProVen from 1984 until 2004, he spearheaded the creation and marketing of funds and the investment and exit of deals as head of the investment committee. In 2003 ProVen had funds under management of $340 million including Guinness Flight VCT, ProVen VCT and ProVen Media VCT (now re-named ProVen Growth and Income VCT) and funds from institutions such as Hargreaves Lansdown, Gulf International Bank, Standard Life, and Essex County Council.

Gordon has invested in over 230 investments over the last 32 years, generating an IRR of 29%. During this time he has made several sustainable technology investments; such businesses included forestry, plastic recycling and eco-friendly building materials and brand packaging. Gordon has an IRR of 45% from 29 sustainable private equity investments.


Marloes Ras - Investment Associate - Global

Ms. Ras is an investment professional with 4+ years of experience in investment banking and private equity.

Prior to joining Berkeley Energy, Ms. Ras was at the Abraaj Group, based out of Dubai, Johannesburg and Nairobi. She worked in the energy infrastructure team, the business development team and for the Sub Saharan Africa team. Ms. Ras started her career in financial services at ING Bank, based out of Amsterdam and New York where she worked for the private equity team and the M&A team of the financial institutions group. Ms. Ras is a CFA charterholder and she holds a MSc. in Business Studies, with a specialisation in governance and valuation.

At Berkeley Energy, Ms. Ras works across the REAF and AREF teams, with a particular focus on strategic analysis. In addition, she is part of the AREF investment team where she focuses on all forms of transaction work including financial modelling, due diligence, negotiation of agreements, project financing, structuring of investments and monitoring and reporting of investments.




Andrew Reicher - Non-Executive Chairman of the REAF Investment Committee and member of AREF Investment Committee

Mr. Reicher is an independent member, and Chairman, of the Investment Committee of REAF and a member of the Investment Committee of AREF, involved in assisting in the decision-making process for investments.

Mr. Reicher has 20+ years of private equity investment and 10+ years of investment banking experience. He is one of a limited number of professionals with deep investment experience of emerging markets and infrastructure, with particular expertise in Asia and Africa, the creation of public/private partnerships, and infrastructure (particularly power generation). He has a successful investment track record in these fields, and in creating and re-engineering processes and devising innovative financial structures. From 2000-08 Mr. Reicher worked with Commonwealth Development Corporation (including the private equity firm Actis which was created in CDC's privatisation process), as its Chief Investment Officer (chairing all the investment committees), head of its first Infrastructure Fund, and then CEO of Globeleq, the wholly-owned electricity generation company operating in Africa, Asia and Latin America.

The funds he was involved with at CDC all achieved high cash multiples and rates of return. Prior to CDC he worked with Credit Suisse First Boston and Citicorp. Mr. Reicher has a BA in Economics from Cambridge University, and a MA in Economics from the University of Pennsylvania.

Mr. Reicher is based in Nairobi.


Robert Renfrew - Emeritus Partner - REAF and REAF II

Mr. Renfrew is an Emeritus partner in Berkeley Energy.

Mr. Renfrew leads the project management, technical and engineering aspects of Berkeley's projects. He is a board member on several portfolio companies. Mr. Renfrew has 30+ years of renewable energy and waste experience delivering projects for Balfour Beatty, EDL, Novera Energy and WRG across Europe, North Africa, Asia and Australia. In Asia, he has worked on projects in India, Philippines, Thailand, Sri Lanka, Papua New Guinea, Malaysia and Indonesia and has deep and proven experience of sub-contracting and delivering projects in the Asian environment.

Mr. Renfrew has held senior positions with major energy organisations across the globe including as Chief Operating Officer with WRG developing its renewable business with Mr. Kundi. His technology and operations experience includes biomass, wind, hydro, landfill gas, coal seam/bed methane recovery along with mains gas, coal and diesel fuelled power projects.

Mr. Renfrew is based in Manila.


Nitin Saxena - Portfolio Finance Director - REAF and REAF II

Mr. Saxena is portfolio finance controller for REAF. He works with project companies to set up financial reporting processes and control procedures, maintain the treasury of the portfolio companies and establishing consistent project-level accounting and reporting systems.

Mr. Saxena is a Chartered Accountant from the Institute of Chartered Accountants of India with over nine years of post-qualification experience in India GAAP audits and reviews, Technical Consultancy and Subject Matter Reviews under International Financial Reporting Standard (IFRS) and US GAAP, Audits and reviews of Asset Management Companies under US GAAP and IFRS, SOX Compliance audits, Process reviews and controls.

He has worked in assurance and business advisory roles at Lovelock & Lewes (a member firm of PricewaterhouseCoopers) and was working as a Manager at Deloitte & Touche before joining Berkeley Energy. Mr. Saxena has worked in various sectors such as asset management/financial institutions, telecom, banking and healthcare.

Mr. Saxena is based in New Delhi.



Nicholas Tatrallyay - Investment Manager  - AREF

Mr. Tatrallyay is an investment professional with 5+ years experience in environmental finance and renewable energy investments.

Prior to joining Berkeley, Mr. Tatrallyay was a Director at a solar developer. He developed the company's strategy for Africa and was in charge of building relationships with funding institutions and EPC firms, as well as originating and evaluating new project opportunities in Africa. Prior to this, Mr. Tatrallyay worked at Climate Change Capital ('CCC'), an asset manager and advisory group focused on the transition to the low carbon economy.

At CCC, Mr. Tatrallyay was responsible for managing and co-managing CCC's emission reduction projects and equity and structured finance investments in South East Asia, Central Asia and Latin America and developing new investment opportunities and strategies for CCC. Aside from his work at CCC, Mr. Tatrallyay has written papers on climate finance and is a guest lecturer at Imperial College where he has given presentations on the intersection of climate and project finance. He is fluent in French.

Mr. Tatrallyay is based in Nairobi.


Alastair Vere Nicoll - Partner and Investment Committee member - REAF, AREF and REAF II

Mr. Vere Nicoll is a co-founder of Berkeley Energy and is a partner and member of the Investment Committee of AREF, REAF and REAFII.
He is a board member of the Berkeley Energy Limited the holding company for the Berkeley Energy management group.

Mr. Vere Nicoll was previously with leading international law-firm Freshfields Bruckhaus Deringer in their Private Equity Team, latterly specialising in infrastructure deals in the renewable energy and water sectors. Mr. Vere Nicoll has acted for many of the UK's leading infrastructure and buy-out houses. Mr. Vere Nicoll has a first class BA from Oxford University and was awarded an undergraduate scholarship while there.

Mr. Vere Nicoll also founded, organised and took part in a ski traverse of the continent of Antarctica in 2004 and 2005 in the footsteps of Roald Amundsen. He has written a book about the experience; Riding the Ice Wind.

Mr. Vere Nicoll is based in London.


Joost Van Acht - Senior Investment Manager - REAF and REAF II

Mr. Joost van Acht is a renewable energy executive and entrepreneur, with extensive experience in emerging markets and the clean energy sector in Asia. At Berkeley Energy he is responsible for origination, negotiation, structuring and execution of investments in Asia and development of new markets.
 
Mr. van Acht was previously with Macquarie Capital, an investment bank with a strong focus on infrastructure finance. His focus at Macquarie was on principal investments in the clean energy sector in Asia. Prior to that he was with UPC Renewables, a global developer of wind and solar projects, where he initiated its solar business in Indonesia and led public tender submissions for IPP projects. He has previously initiated several businesses in the field of environment and energy, and is a co-founder of Blue World Carbon.
 
Mr. van Acht holds an MSc from Erasmus University Rotterdam and has been based in Asia since 2002. Mr. van Acht is based in Singapore.


Lorsheenee Vydelingum - Financial Controller - REAF and REAF II

Ms. Vydelingum is responsible for fund accounting and reporting in Mauritius.

She has over 6 years ofexperience in the of sector. Prior to joining Berkeley Energy,Ms. Vydelingum was a fund accountant and administrator in a management company. Previously, she worked at Deutsche Bank (Mauritius) Ltd.

Ms. Vydelingum holds a BSc degree in management with finance from the University of Mauritius and is also an associate of the Association of Chartered Certified Accountants (UK).

Ms. Vydelingum is based in Mauritius.



Anwar Zaib - Finance Director

Mr. Zaib is responsible for financial reporting, controls and compliance across Berkeley Group. He has gained extensive experience in the financial services sector while working for leading institutions including State Street Corporation, Capital Dynamics and The Bank of New York Mellon.

Mr. Zaib has been involved in numerous successful projects involving funds setup, launches, migration, outsourcing, restructuring and system implementation of regulated and non-regulated investment funds. His primary expertise is in financial reporting and controls, investor relations, investor reporting, audit, taxation and regulatory compliance in the investment industry across different jurisdictions, including UK, USA, EU, Singapore and Mauritius.

Mr. Zaib is a Fellow Chartered Certified Accountant ("FCCA") and holds a 1st Class degree in accounting and finance. He is fluent in Pashto and Urdu.

Anwar is based in Singapore.


Nikhath Zigmund - Investment Manager - AREF

Ms. Zigmund is an experienced energy professional with ten years in the sector. Prior to joining Berkeley Energy, she was with Actis Capital LLP, an emerging markets investor, where she was involved in a number of energy transactions across Africa. She has also worked as Business Development Manager for Empower, a start-up providing interim power solutions across sub-Saharan Africa, and as an energy consultant with PA Consulting Group.

Ms. Zigmund has an MA in Computer Science from the University of Cambridge and an MBA from the Harvard Business School, where she attended as a Fulbright Scholar.

Nikhath is based in Nairobi.



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