About HQ Power Rwanda

AFC is acting as mandated lead arranger for the senior debt and will mobilize circa $200,000,000 of senior debt. AFC is an international organization established by treaty between sovereign states. Current member nations are Nigeria, Guinea-Bissau, Sierra Leone, The Gambia, Liberia and Guinea. AFC's mission is to help address Africa's infrastructure development needs while seeking a competitive return on capital for its shareholders. Since it began operations in 2007, AFC has raised US$1.1 billion in fully paid-in equity capital. Its shareholding base is private sector majority owned (57.5 percent). AFC is driven by a diverse team of experienced professionals from investment banking, engineering and other backgrounds. Capitalized with US$1.1 billion, AFC operates a dollar denominated balance sheet, and essentially provides financing in this currency.

Finnish Fund for Industrial Cooperation Ltd. ("Finnfund") is also acting as mandated lead arranger for the mezzanine debt. Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies, Finnfund can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits. Finnfund shares risks by providing long-term financing for promising projects in challenging markets, where commercial financing is hard to obtain. Finnfund's funding can be in the form of equity capital, mezzanine financing or long-term investment loans. Finnfund is owned by the State of Finland (93.4%), Finnvera (6.5%) and the Confederation of Finnish Industries (0.1%).

Established by the Government of India in 1982, the Export-Import Bank of India ("EXIM Bank") serves as a growth engine for industries and SMEs through a wide range of products and services. This includes import of technology and export product development, export production, export marketing, pre-shipment and post-shipment and overseas investment. In a rapidly shifting financial landscape, Exim Bank is a catalyst and key player in the promotion of cross border trade and investment. By instilling a powerful culture of innovation and foresight, EXIM Bank helps India maximize its potential and meet and exceed its vision.

The Eastern and Southern African Trade and Development Bank ("PTA Bank") is an African regional development financial institution established in 1985. PTA Bank offers a broad range of products and services, across both the private and public sectors, including debt, equity and quasi-equity as well as guarantees. PTA Bank's investments cut across agriculture, trade, industry, infrastructure, energy and tourism, among others and are made on a commercial basis and sustainability principles.
Headquartered in Bujumbura (Burundi) with regional hubs in Nairobi (Kenya), Harare (Zimbabwe) and Ebene (Mauritius), PTA Bank's current shareholders include: Burundi, Comoros, the Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Uganda, Zambia and Zimbabwe. It also has the African Development Bank, the National Pensions Fund of Mauritius, Mauritian Eagle Insurance Company Ltd, and Rwanda Social Security Board, Africa Re, ZEP RE and Banco Nacional Investimento (BNI) as institutional shareholders while the People's Republic of China and the Republic of Belarus are non-regional member countries.

The Development Bank of Rwanda ("BRD") began its operations in 1967 and for more than four decades, BRD has been the sole provider of long term finance and has significantly facilitated the emergence of different productive enterprises in the private sector. The shareholders of the bank are the Government of Rwanda, Rwanda Public Enterprises, Private Institutions in Rwanda, Agence française de développement, German Investment Cooperation, Netherlands Development Finance Company, Administration Générale de la Coopération au Développement of Belgium and the Bank of Tokyo.

The African Export Import Bank ("Afreximbank") was established in 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade. The Bank was established under the twin constitutive instruments of an Agreement signed by member States and multilateral organizations, and which confers on the Bank the status of an international multilateral organization; as well as a Charter, governing its corporate structure and operations, signed by all Shareholders. The Bank is headquartered in Cairo and has branch offices in Harare, Abuja, Abidjan and Nairobi.

Bank of Kigali (BK) is Rwanda's leading commercial bank, established in 1966. As a key financial partner, BK provides comprehensive banking and financial services supporting Rwanda's economic development. The bank offers innovative solutions across retail, corporate, and investment banking, playing a crucial role in financing infrastructure and development projects. With its strong presence throughout Rwanda and commitment to excellence, Bank of Kigali continues to be a trusted partner in the country's growth and transformation.

THEMIS Advisory LLC, founded in 2013, is a project development company focused on structuring and financing economic (power and transport) and industrial (heavy industries) infrastructure assets in Sub Saharan Africa.

Sweco delivers qualified consulting services throughout the client's project chain, from feasibility studies and analyses to engineering, design and project management.

Clifford Chance LLP is a multinational law firm headquartered in London, UK. It is one of the ten largest law firms in the world by number of lawyers and revenue.

Trust Law Chambers is a leading law firm in Rwanda, providing world-class advice on all areas of corporate and commercial law.

Local environmental and social consultant providing comprehensive environmental and social impact assessments for sustainable development projects.

Rwanda Energy Group (formerly EWSA/ELECTROGAZ) distributes power and water in Rwanda. As a national utility since 1976, its obligations include coordination of all activities related to energy development, management of electricity infrastructure, gas, petroleum products, water and sanitation.

Develops sustainable power generation facilities to supply clean, cost-effective and uninterrupted energy for Rwanda.

Ensures the protection and conservation of the environment and optimal, rational utilization of natural resources for sustainable national development.

RDB works with and addresses the needs of companies of all sizes and both local and foreign investors, supporting private sector development.

REMA coordinates and oversees the implementation of national environmental policy and legislation, playing a key role in sustainable development.

Gisagara is a district in Southern Province, Rwanda, divided into 13 sectors including Mamba, location of HQ. Its headquarters is Ndora, near the border with Burundi.

ANDRITZ will supply the two Fluidized Bed Boilers, the most critical elements of the power plant, converting peat into steam at 520°C and 80 bars. ANDRITZ offers technologies for producing steam and electricity from renewable fuels and efficient use of traditional fossil fuels. Headquartered in Graz, Austria, with 25,000 employees and over 250 sites worldwide.