About Us

MYRA Investments (‘MYRA’) is a Firm dedicated to managing, investing and directing capital in to renewable energy power generation Projects and associated infrastructure in emerging markets.
MYRA was founded by a dedicated team of infrastructure professionals with an investment mandate that focuses on creating and supporting zero-carbon power generation Projects driven by renewable sources of energy; Projects which not only contribute towards reducing the effects of global warming, but also help our target countries reduce their dependency on costly fuel imports and most critically improve the lives of communities.
We work across Projects in Africa, South Asia and South East Asia and select markets of Latin America – regions where we can have a significant impact on helping nations reach the last billion of people for whom energy access is still a luxury.

Our Strategy

MYRA is keen to capitalize on opportunities both in the grid connected and decentralized sectors together with investing in supporting infrastructure (for example transmission assets and battery storage).

We forge long term partnerships with local and international developers. Our professionals and network have a deep understanding of the markets we operate in (some having been pioneers of investing in these markets) and the power sector. This together with our nimble, dedicated and efficient processes ensure a synchronized relationship with Partners and the delivery and investment of capital across the life cycle of Projects in a timely manner supporting development, construction and operations of Projects.

Furthermore, bringing years of experience in the sector our professionals can support developers in the early development cycle and project structuring, helping execute bankable projects.

Our Focus

MYRA is aware of the profound energy access dichotomy taking place in our selected markets. There are c. 1.2 billion people who live without access to electricity globally. More than 95% of these people are either in Sub Saharan African or developing Asia.

Accentuating the current electricity poverty is population growth and the underlying demand for energy. More people in Sub-Saharan Africa live without electricity today than there were in 1990. Energy infrastructure has not kept pace with population growth and demand. Hence, at today’s run-rate of electricity permeation and despite ambitious government targets, research agencies are suggestive that nearly 400mn people will still be living in the dark by 2030 in emerging markets.

To this end, our focus markets are South and South East Asia, Africa and select markets of Latin America. We believe it is in these markets that the energy molecule is the scarcest and given the direct correlation of GDP growth and energy consumption the need for investments is the most pronounced inthese markets.

Furthermore, more than 5.5 million people worldwide are dying prematurely every year as a result of air pollution. The impact clean energy is undeniable both from a quality of life perspective and the overall productivity and development in the markets we focus on. It is a founding block to help drive nations and its people towards a better and ‘brighter’ future.

Hence, it is our vision and purpose to partner with governments, developers, institutional capital to help reach underserved communities and make a dent on energy poverty by delivering clean, efficient and affordable energy via investments in renewable power generation and associated infrastructure.

Several statistics available today all have a common landing: a significant amount of capital is required to achieve universal electricity access by 2030 (IEA estimates USD 725bn).

 

 

Co-Founders

Kunal Parekh
Fabrice Callet
Kunal Parekh

Kunal Parekh

Founder & CEO

Kunal Parekh Founded MYRA Investments and is the CEO.

Prior to MYRA, Kunal led investments in clean energy transactions for the Abraaj Group with a focus on Africa, Asia and Mexico. He executed on transactions spanning more than USD 2.5bn in enterprise value including forging partnerships with marquee IPPs like Engie and the Aditya Birla Group.

Prior to Abraaj – Kunal worked as an Investment Banker in Sydney, Australia for Luminis Partners (in Affiliation with Evercore) focused on Mergers and Acquisitions. Kunal worked for ABN-AMRO, Royal Bank of Scotland and the CIMB Group specifically in the Power, Utilities & Energy Sector executing M&A and Capital Markets transactions prior to working with Evercore, where he advised on a number of large cross-border transactions across Asia-Pacific.

Kunal graduated with a double degree (with Honors) in Mechanical Engineering and Business from University of Technology, Sydney, is a Chartered Accountant from Australia, has completed a Dip. in Applied Finance with FINSIA (Australia) and holds an MBA from INSEAD.

Fabrice Callet

Fabrice Callet

Co-Founder & Board Member

Fabrice is on the Board of Directors and was instrumental in laying the foundation for MYRA Investments in 2018. Prior to Myra, Fabrice was a Managing Director and Head of Product Development at The Abraaj Group. He was the Head of Product Development for the Thematic Fund Businesses at The Abraaj Group. He was a member of the corporate business development and investor coverage team at The Abraaj Group. Prior to joining The Abraaj Group, he worked at Société Générale, where his last position was Managing Partner for emerging markets funds for Société Générale Private Equity. At the beginning of 2000, he became the Head of Turnaround Funds. Fabrice serves on several Boards including Saham Finance (a leading Africa Insurance company) and Konsalnet (a leading Polish security company). Mr. Callet received two Master’s degrees in Corporate Finance, Banking, and Financial Markets

ANNOUNCEMENTS

MYRA is pleased to announce a collaboration with the United Nations Office for Project Services (UNOPS) and SHS (via MYRA-SHS Energy). This will provide further impetus to our focus on renewable energy in emerging markets. We look forward to working closely with UNOPS and SHS

https://www.unops.org/news-and-stories/news/new-partnership-brings-cutting-edge-technologies-to-the-sustainable-development-goals

MYRA Investments successfully advises and closes a wind energy platform in India with Engie and STOA. MYRA will continue to advice and manage the transaction with and for STOA going forward. We congratulate the teams on the success and look forward to a longstanding partnership with the companies.

https://timesofindia.indiatimes.com/articleshow/65788370.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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