Dubai, UAE - Mar 17, 2016 (PRN): Enjaz Power, a Dubai and Mauritius based independent power producer (IPP), announced today its plan to develop, own and operate power plants in Sub-Saharan Africa. Enjaz Power's goal is to develop a total of 500 Mega Watts over the next 5 years, for a total investment of $650 Million.

The Sub-Saharan African market suffers from a lack of power affecting approx. 622 Million people; almost 7 out of 10 people live with no electricity. With improving economies, demographic growth and abundant resources the region's demand for power is set to grow at double digit rates for the next 10 years.

Building on extensive combined technical and operational experience, Enjaz Power has developed efficient and green, technology-neutral solutions focused on thermal, wind, solar and hybrid IPP. Working in concert with leading industry manufacturers such as, ABC, SUMEC, Goldwind and Vestas, Enjaz Power is able to deploy its solutions with environmental and commercial efficiency.

"Africa in the dark is Africa in poverty. These social and developmental challenges must be addressed. Enjaz Power studied the market thoroughly before embarking on this ambitious plan. The Enjaz DNA and legacy is based on servicing client needs, and we plan to transfer this know-how to these developing markets." said Sami Akeel, Founder and Chief Executive Officer of Enjaz Power.  

Enjaz Power's " 500 in 5" plan, will establish Enjaz Power as a leading IPP operator in Sub Saharan Africa.  Lower fuel costs, an improving multilateral credits market, and an emphasis on clean energy post the Climate COP 21 Agreement, crystalizes   Enjaz Power's "500 in 5 " Plan.

Recognizing the need for long term structured financings, Enjaz Power has partnered with globally recognized best in class financial advisory group, Taylor-Dejongh that has a track record of over $250 Billion in emerging markets project financings over the last 30 years. 

"Taylor-Dejongh is teaming up with Enjaz Power to bridge the funding gap between institutional investors and developers like Enjaz Power that have solid, bankable power projects." said Ibrahim Mardam-Bey, Principal and Chief Commercial Officer at Taylor-Dejongh.  

Enjaz Power has already made significant strides in its "500 in 5" plan and currently has several projects under development in Guinea, Ghana and Kenya.

About ENJAZ POWER   
Enjaz Power Holding is an international business development firm with a focus on developing power related projects in Africa - particularly through:

The generation and sale of electricity through BOT (Build, operate and transfer) or power purchase agreements. The development and ownership of IPP (Independent Power Producer) facilities augmenting national and regional grids. Offering of operational and maintenance services. We also provide temporary power solutions via short-term rental of mobile high speed LFO containerized units. Develop, produce and provide electricity to our customers on the basis of kw/h. 

For more information, contact:
Mauritius Office:
Enjaz Power, 9th Floor
Orange Tower
Cybercity, Ebene
Mauritius
Tel: +230-466-2600
Fax: +230-454-6824
Email: info@enjazpower.com

Dubai Office:
Enjaz Power, Level 14
Boulevard Plaza,
Tower One
Sheikh Mohammed Bin Rashid Boulevard
PO Box 334155
UAE
Tel: +971-4-455 8521
Fax: +971-4-455 8556

© Press Release 2016