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This list represents a selection of ATI projects

Sector:
Energy
Insurance Type:
Political Risk Insurance for Equity
Project:
Geothermal Power Plant
Maximum Sum Insured:
$5 million

Power shortages and lack of supply to meet demand has hampered Kenya's economic growth. A mere 15% of the population has access to electricity, and there are numerous blackouts and long waiting lists for connection. The geothermal power plant is designed to relieve severe power shortages, decrease the country's dependency on energy imports and thermal energy and to reduce green house gas emissions. The plant, with a combined capacity of 48 MW, uses environmentally-friendly geothermal energy to generate electricity rather than the less green hydrocarbons, producing low to nearly no green house gas emissions.

ATI provided reinsurance to the Multilateral Investment Guarantee Agency, a member of the World Bank Group, to help protect the investor against the risks of Currency Transfer Restrictions, Expropriation and War and Civil Disturbance.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Lack of foreign currency or restriction of its movement in and out of the risk country
Project:
Credit Finance Facility for Petroleum Imports
Maximum Sum Insured:
$50 million

A regional development bank set up a short term credit finance facility to support Malawi’s petroleum imports industry. The facility provides the Malawi-based importer with access to foreign currency while ATI’s insurance protects the bank against payment default by the importer in the event they are unable to convert local currency into the foreign currency of the loan. 

Weak tobacco harvests have tended to decrease weaken the country’s foreign currency holdings resulting in some payment delays and defaults. With this initiative, ATI is assisting Malawi to overcome an obstacle to economic development while the country works to diversify sources of foreign currency.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Payment default by a sovereign obligor
Project:
Rural Electrification
Maximum Sum Insured:
$11 million

An international energy company obtained ATI cover to protect them against non-payment by the government, which issued the company a guarantee to reimburse any shortfall in tariff-based revenues for three years.  

The project will convert standard national gas to electricity – a more environmentally friendly alternative to the traditional hydro and diesel powered energy sources in the under-serviced South East region of the country. The project will also finance infrastructure, including the construction of a 27 kilometre pipeline and a gas-fired power plant that will transmit electricity to rural communities for the first time.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Failure of a sub-sovereign borrower to repay a loan
Project:
Electricity Generation
Maximum Sum Insured:
$20 million

An international bank with operations in Africa obtained ATI insurance to cover their investment in a hydroelectric project, which supplies 98% of Zambia’s electricity. The project helps fill a gap in the country’s energy requirements, where only 20% of the population has access to electricity

Sector:
Energy
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Non-payment due to insolvency, and delayed payment (protracted default)
Project:
Supply of treated wooden poles for electricity transmission
Maximum Sum Insured:
$511,000

A Kenyan trading company hired to supply treated wooden poles for a rural electricity transmission project in Uganda sought ATI insurance against non-payment. Leveraging on ATI’s insurance cover the Kenyan company was able to successfully supply poles to the engineering firm tasked with implementing the project. This deal supports Uganda’s rural electrification programme, which is expected to significantly raise the low rate of electricity penetration, particularly in the rural areas from the current level of just 10%.

Sector:
Energy
Insurance Type:
Lenders all riskinsurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private company
Project:
Equipment purchase to support a power generation plant
Maximum Sum Insured:
$35 million

Access to reliable energy is one of Tanzania’s major challenges - just 11% of the population is estimated to have access to reliable energy. Due to prolonged drought across the country, its hydro-based power infrastructure has been unable to generate enough power to cope with domestic and industrial demand. Power outages running into hours in some regions have been common in Tanzania for months. In an effort to address the power situation that has reached crisis levels, the government contracted an energy company to build and operate a gas fired power plant that will eventually transmit power from the gas fields in the Somanga region to the capital Dar es Salaam. A regional bank provided bridge financing for the project while ATI backed the bank’s loan with an insurance cover protecting the bank against non-payment. The project will not only address the country’s immediate energy needs, but will also herald a strategic move by the government to diversify power generation away from hydro-based sources.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Currency transfer restriction and inconvertibility
Project:
Petroleum importation
Maximum Sum Insured:
$40 million

The government of Malawi created a new state-owned company to more efficiently respond to the urgent demands from its citizens for petroleum. To support this company in its efforts to import adequate supplies of petroleum, ATI provided an insurance policy against currency transfer restriction to PTA Bank the financier. The project is expected to support the government in its quest to meet demand and to quell the public’s concerns.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Contract Frustration and Unfair Calling of Bonds
Project:
Rehabilitation of Water and Electricity Infrastructure
Maximum Sum Insured:
$17 million

Demand for electricity in Burundi outstrips supply, a situation attributed to frequent power failures and insufficient power generation. The situation is made worse by an inefficient power distribution system and the heavy dependence on electricity to distribute water throughout the country.

ATI supported a European contractor on a project to rehabilitate high voltage posts, and to modernize and extend electrical protection, communications and control systems. This is part of an ongoing infrastructure upgrade project in the peri-urban areas of Bujumbura.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a Sub Sovereign Buyer
Project:
Construction of a voltage network
Maximum Sum Insured:
$8 million

Inadequate infrastructure, especially in the energy sector, has been a major obstacle to faster economic growth for Rwanda. The energy sector is one of the priority areas in the country’s growth strategy under the new three-year Policy Support Instrument (PSI).

The construction of a voltage network is intended to improve access to energy in the rural areas. In this transaction, ATI reinsured three partners from the Middle East and North Africa, included Tunisia’s COTUNACE together with Kuwait’s Arab Investment and Export Credit Guarantee Corporation and Saudi Arabia’s Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign debt
Project:
Construction of a 100 MW gas-fired power station on a turn-key basis
Maximum Sum Insured:
$102 million

In the last two years, prolonged periods of drought have severely impacted energy supply in Tanzania which is heavily reliant on hydro power. This has resulted in persistently power rationing across the country, affecting both the general population as well as the business community. Demand on the other hand continues to grow at rates as high as 10-12% annually according to estimates, driven in part by increased activity in the mining sector. 

The Government of Tanzania has had to seek external funding on behalf of its power utility TANESCO in order to enable the utility diversify into natural gas as alternative sources of energy. Natural gas has gained currency as the next frontier for Tanzanias energy sources following its discovery a few years ago. ATI supported one such transaction by extending reinsurance to a European Export Credit Agency for its guarantee to a top global bank that offered TANESCO the much needed financing.
Sector:
Energy
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Insolvency and Protracted default
Project:
Wholesaling of Petroleum products
Maximum Sum Insured:
$361,000

The Kenyan company is engaged in the sale of petroleum products to selected clients on credit terms and wished to discount these invoices with a Commercial Bank. Besides offering protection to the Kenyan company for its receivables, the ATI cover made the transaction attractive to the bank.

Sector:
Energy
Insurance Type:
Political Risk Insurance for Equity
Project:
Geothermal Power Plant
Maximum Sum Insured:
$5 million

Power shortages and lack of supply to meet demand has hampered Kenya's economic growth. A mere 15% of the population has access to electricity, and there are numerous blackouts and long waiting lists for connection. The geothermal power plant is designed to relieve severe power shortages, decrease the country's dependency on energy imports and thermal energy and to reduce green house gas emissions. The plant, with a combined capacity of 48 MW, uses environmentally-friendly geothermal energy to generate electricity rather than the less green hydrocarbons, producing low to nearly no green house gas emissions.

ATI provided reinsurance to the Multilateral Investment Guarantee Agency, a member of the World Bank Group, to help protect the investor against the risks of Currency Transfer Restrictions, Expropriation and War and Civil Disturbance.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Lack of foreign currency or restriction of its movement in and out of the risk country
Project:
Credit Finance Facility for Petroleum Imports
Maximum Sum Insured:
$50 million

A regional development bank set up a short term credit finance facility to support Malawi’s petroleum imports industry. The facility provides the Malawi-based importer with access to foreign currency while ATI’s insurance protects the bank against payment default by the importer in the event they are unable to convert local currency into the foreign currency of the loan. 

Weak tobacco harvests have tended to decrease weaken the country’s foreign currency holdings resulting in some payment delays and defaults. With this initiative, ATI is assisting Malawi to overcome an obstacle to economic development while the country works to diversify sources of foreign currency.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Payment default by a sovereign obligor
Project:
Rural Electrification
Maximum Sum Insured:
$11 million

An international energy company obtained ATI cover to protect them against non-payment by the government, which issued the company a guarantee to reimburse any shortfall in tariff-based revenues for three years.  

The project will convert standard national gas to electricity – a more environmentally friendly alternative to the traditional hydro and diesel powered energy sources in the under-serviced South East region of the country. The project will also finance infrastructure, including the construction of a 27 kilometre pipeline and a gas-fired power plant that will transmit electricity to rural communities for the first time.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Failure of a sub-sovereign borrower to repay a loan
Project:
Electricity Generation
Maximum Sum Insured:
$20 million

An international bank with operations in Africa obtained ATI insurance to cover their investment in a hydroelectric project, which supplies 98% of Zambia’s electricity. The project helps fill a gap in the country’s energy requirements, where only 20% of the population has access to electricity

Sector:
Energy
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Non-payment due to insolvency, and delayed payment (protracted default)
Project:
Supply of treated wooden poles for electricity transmission
Maximum Sum Insured:
$511,000

A Kenyan trading company hired to supply treated wooden poles for a rural electricity transmission project in Uganda sought ATI insurance against non-payment. Leveraging on ATI’s insurance cover the Kenyan company was able to successfully supply poles to the engineering firm tasked with implementing the project. This deal supports Uganda’s rural electrification programme, which is expected to significantly raise the low rate of electricity penetration, particularly in the rural areas from the current level of just 10%.

Sector:
Energy
Insurance Type:
Lenders all riskinsurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private company
Project:
Equipment purchase to support a power generation plant
Maximum Sum Insured:
$35 million

Access to reliable energy is one of Tanzania’s major challenges - just 11% of the population is estimated to have access to reliable energy. Due to prolonged drought across the country, its hydro-based power infrastructure has been unable to generate enough power to cope with domestic and industrial demand. Power outages running into hours in some regions have been common in Tanzania for months. In an effort to address the power situation that has reached crisis levels, the government contracted an energy company to build and operate a gas fired power plant that will eventually transmit power from the gas fields in the Somanga region to the capital Dar es Salaam. A regional bank provided bridge financing for the project while ATI backed the bank’s loan with an insurance cover protecting the bank against non-payment. The project will not only address the country’s immediate energy needs, but will also herald a strategic move by the government to diversify power generation away from hydro-based sources.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Currency transfer restriction and inconvertibility
Project:
Petroleum importation
Maximum Sum Insured:
$40 million

The government of Malawi created a new state-owned company to more efficiently respond to the urgent demands from its citizens for petroleum. To support this company in its efforts to import adequate supplies of petroleum, ATI provided an insurance policy against currency transfer restriction to PTA Bank the financier. The project is expected to support the government in its quest to meet demand and to quell the public’s concerns.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Contract Frustration and Unfair Calling of Bonds
Project:
Rehabilitation of Water and Electricity Infrastructure
Maximum Sum Insured:
$17 million

Demand for electricity in Burundi outstrips supply, a situation attributed to frequent power failures and insufficient power generation. The situation is made worse by an inefficient power distribution system and the heavy dependence on electricity to distribute water throughout the country.

ATI supported a European contractor on a project to rehabilitate high voltage posts, and to modernize and extend electrical protection, communications and control systems. This is part of an ongoing infrastructure upgrade project in the peri-urban areas of Bujumbura.

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a Sub Sovereign Buyer
Project:
Construction of a voltage network
Maximum Sum Insured:
$8 million

Inadequate infrastructure, especially in the energy sector, has been a major obstacle to faster economic growth for Rwanda. The energy sector is one of the priority areas in the country’s growth strategy under the new three-year Policy Support Instrument (PSI).

The construction of a voltage network is intended to improve access to energy in the rural areas. In this transaction, ATI reinsured three partners from the Middle East and North Africa, included Tunisia’s COTUNACE together with Kuwait’s Arab Investment and Export Credit Guarantee Corporation and Saudi Arabia’s Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign debt
Project:
Construction of a 100 MW gas-fired power station on a turn-key basis
Maximum Sum Insured:
$102 million

In the last two years, prolonged periods of drought have severely impacted energy supply in Tanzania which is heavily reliant on hydro power. This has resulted in persistently power rationing across the country, affecting both the general population as well as the business community. Demand on the other hand continues to grow at rates as high as 10-12% annually according to estimates, driven in part by increased activity in the mining sector. 

The Government of Tanzania has had to seek external funding on behalf of its power utility TANESCO in order to enable the utility diversify into natural gas as alternative sources of energy. Natural gas has gained currency as the next frontier for Tanzanias energy sources following its discovery a few years ago. ATI supported one such transaction by extending reinsurance to a European Export Credit Agency for its guarantee to a top global bank that offered TANESCO the much needed financing.
Sector:
Energy
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Insolvency and Protracted default
Project:
Wholesaling of Petroleum products
Maximum Sum Insured:
$361,000

The Kenyan company is engaged in the sale of petroleum products to selected clients on credit terms and wished to discount these invoices with a Commercial Bank. Besides offering protection to the Kenyan company for its receivables, the ATI cover made the transaction attractive to the bank.