We deliver profitable clean energy projects into global emerging markets that provide sustainable benefits to people and the environment.
We ensure projects are delivered responsibly.
We build trust with stakeholders and employ a rigourous professional approach.
We ensure projects are delivered with integrity.
Berkeley Energy, founded in 2007, has deep renewable energy and power engineering, construction, and investment experience in developing markets, where it is a focused investor, developer, and delivers renewable power assets.
Berkeley Energy 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.
Our approach is hands-on, asset-first, technically orientated. We look to achieve our returns by holding equity in well-conceived and constructed projects.
Berkeley Energy has offices in London, Singapore, Nairobi, Mauritius, Delhi, and Manila.
Members of the group are authorised and regulated by the United Kingdom Financial Conduct Authority and in Mauritius by the Financial Services Commission.
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, within Berkeley Energy, the management has invested in over 30 individual renewable energy projects in 9 different emerging markets. This experience of successfully identifying, costing, constructing, and operating assets across technologies, countries, and regulatory environments is a competitive advantage and key value driver for the firm.
Berkeley Energy’s technical and 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.
Mr. Kundi is the Chief Executive Officer of Berkeley Energy. He is a board member of Berkeley Energy Limited, the holding company for the Berkeley Energy management group.
TC has been directing the firm’s development and strategy and managing its relationships with investors, promoters, and other stakeholders across the business since its incorporation. Mr. Kundi is a member and Chairman of the Investment Committees across all managed funds. He is also a board member across the managed funds’ portfolio investment holdings. Mr. Kundi oversees the Berkeley Energy Group and its subsidiaries responsible for the investment management, operational and administrative support to the business. Mr. Kundi is one of a handful of professionals globally who has acted as a principal owner and operator of renewable energy assets for 30 years.
Mr. Kundi is a Mechanical Engineering (BEng Hons) and holds a post-graduate Diploma in Business Administration from the 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.
Mr. Buljan is the Managing Director for Africa 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 formerly 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 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 in Africa 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.
Mr. Payne is responsible for the asset management of the portfolio investments including financial management and operational excellence. He is a member of the investment committees of AREF, REAF and REAF II.
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. 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.
Mr. Zaib is the Chief Financial Officer and Chief Operations Officer of Berkeley investment funds and Managers. He comes with 14+ years of experience in the fund management industry working for leading financial services organisations including State Street Corporation, Capital Dynamics, and The Bank of New York Mellon.
Mr. Zaib has diverse experience covering regulated and non-regulated investment funds, private equity investments, valuation, investor relations and reporting, financial management and control, project and corporate finance, business operations, internal controls and systems implementation, audit, taxation and regulatory compliance in various jurisdictions including UK, USA, EU, Asia, and Sub-Sharan Africa. Mr. Zaib is also the Chief Compliance Officer with FCA UK.
Mr. Zaib is a Fellow Chartered and Certified Accountant (“FCCA”) UK and holds MSt. Sustainability Leadership from the University of Cambridge.
Mr. Zaib is based in Singapore.
Ms. Killiard is General Counsel for Berkeley Energy. Ms. Killiard is responsible for directing the Berkeley Energy group’s legal and HR strategy and function. Ms. Killiard manages the legal teams across the business, ensuring in-house business partnering, legal structuring, negotiation, transaction, corporate governance, and legal and compliance support. Ms. Killiard also manages the HR team ensuring direction, recruitment, training and development, policy, and personnel support.
Ms. Killiard is a board member of a number of the Berkeley Energy and investment holding companies. Prior to joining Berkeley Energy in 2012, Ms. Killiard was with international law firm CMS Cameron McKenna Nabarro Olswang LLP for six years in the infrastructure and project finance group, based in London. Ms. Killiard has an LLB (Hons) degree in Law and Italian.
Ms. Killiard is based in Singapore.
Mr. Kundi is the Chief Executive Officer of Berkeley Energy. He is a board member of Berkeley Energy Limited, the holding company for the Berkeley Energy management group.
TC has been directing the firm’s development and strategy and managing its relationships with investors, promoters, and other stakeholders across the business since its incorporation. Mr. Kundi is a member and Chairman of the Investment Committees across all managed funds. He is also a board member across the managed funds’ portfolio investment holdings. Mr. Kundi oversees the Berkeley Energy Group and its subsidiaries responsible for the investment management, operational and administrative support to the business. Mr. Kundi is one of a handful of professionals globally who has acted as a principal owner and operator of renewable energy assets for 30 years.
Mr. Kundi is a Mechanical Engineering (BEng Hons) and holds a post-graduate Diploma in Business Administration from the 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.
Mr. Buljan is the Managing Director for Africa 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 formerly 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 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 in Africa 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.
Mr. Payne is responsible for the asset management of the portfolio investments including financial management and operational excellence. He is a member of the investment committees of AREF, REAF and REAF II.
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. 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.
Mr. Vere Nicoll was an original partner in Berkeley Energy from its establishment in 2007 and in 2020 stepped back from a full-time role with the business, whilst continuing as a non-executive member of the Investment Committees of AREF, REAF, and REAFII.
Mr. Vere Nicoll was previously with leading international law firm Freshfields Bruckhaus Deringer in their Private Equity Team. Mr. Vere Nicoll has a first-class BA from Oxford University.
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.
Mr. Reicher has been an independent member of all Berkeley Energy’s investment committees since the inception of the first fund.
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 London.
Edward Njoroge is a member of the investment committee of 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, Chairman of the Investment Committee of the Aureos East Africa Fund and board member of Globeleq. 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.
Mr. Njoroge is based in Nairobi.
Gordon is co-founder of Earth Capital Holdings Limited (ECH) 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 including being principal of the Nobel Sustainability Fund.
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 $340M 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.
Mr. Power is based in London.
Imoni Akpofure is an experienced finance and sustainability professional with significant developed and developing country experience.
She is currently a non-executive director of Guaranty Trust Bank Ltd, Nigeria, and Africa50, Morocco; a Trustee on the Boards of the Engineers in Business Fellowship, UK, the Gamaliel & Susan Onosode Foundation (GAMSU), Nigeria, and TechnoServe Inc, USA; she also serves on the Investment Committees of Africa50, the Fund for Agricultural Finance in Nigeria (FAFIN) and the Africa Renewable Energy Fund II (AREF II).
Imoni spent a significant part of her career in development finance. She served as Regional Director for Africa at CDC Group Plc (now British International Investment), where she focused on investments in West Africa and in Lusophone Africa. Prior to joining CDC, she spent 18 years at the International Finance Corporation (IFC). Within IFC, she held senior positions within the Africa, Europe, Infrastructure, Environment and Social, and Global Manufacturing and Services departments.
She holds an MBA from INSEAD, France, an MSc in Environmental Engineering from Newcastle University, UK, and a BEng in Civil Engineering from Imperial College, London. She speaks French and has a working knowledge of German and Spanish.