Confidential — For Discussion Purposes Only
BLACK CARBONAI
A SPAC Offering to Power Africa's Energy and AI Future
USD 300 Million
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The Opportunity
Africa's USD 1 Trillion Digital Infrastructure Gap
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Growth in Africa's data center market by 2030
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Demand-supply gap in digital infrastructure
#1
Obstacle to AI deployment: lack of reliable power
The Solution
Owning the Entire Value Chain
Black Carbon AI solves Africa's power problem by building its own energy source directly at the fuel — the Okpara Mine in Enugu State, Nigeria. A fully vertically integrated system from mine to data center.
150 MW
Coal-Fired Power Plant
Turn-key power generation built directly at the mine mouth, eliminating fuel transport costs.
100 MW
Power to the Grid
Stable baseload electricity supplied to the local grid via long-term Power Purchase Agreements.
50 MW
Captive AI Power
Dedicated power for the co-located AI data center. Zero reliance on the national grid.
The Asset
"The Rolls-Royce"
of African Coal
No Washing Required
Investment-grade fuel, straight from the ground. Saves USD 50-100M in CAPEX.
Proven Longevity
50+ Years of Proven Reserves
The Okpara Mine sits within the broader Enugu coal basin, extensively surveyed by the Nigerian Ministry of Mines and independently tracked by the Global Energy Monitor.
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Metric Tonnes
Proven Reserves
Ministry of Mines, 2018
48-61 Years
at full 150 MW capacity
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Metric Tonnes
Estimated Reserves
Global Energy Monitor, 2017
200+ Years
multi-generational asset
0M+
Metric Tonnes
Broader Enugu Basin
Multiple geological surveys
500+ Years
with future expansion
The Raise
USD 300 Million
Fully funded from planning through commissioning. No additional capital required.
| Phase | Description | Budget |
|---|---|---|
| Phase 1 | Project Development & Planning Months 1-12 | $7.6M |
| Phase 2 | Engineering, Procurement & Contracting Months 6-18 | $73.7M |
| Phase 3 | Construction & Installation Months 12-24 | $119.4M |
| Phase 4 | Testing, Commissioning & Training Months 18-30 | $53.7M |
| Other | Success Fees, Taxes & Facilitation | $45.6M |
| Total | Estimated Project Cost | $300M |
The Turn-Key 150 MW Coal-Fired Power Plant represents approximately USD 196 million (65%) of the total budget — the core of the investment.
Revenue Model
Up to USD 600M Annual Revenue
Stream 1: Stability
100 MW
Power sales to the local grid via long-term Power Purchase Agreements. Africa's acute power deficit makes this a high-demand, low-risk revenue stream providing stable, predictable cash flow.
Stream 2: Growth
50 MW AI Data Center
The primary value driver. AI data centers generate USD 10-12 million in annual revenue per megawatt.
Potential Annual Revenue
$500-600M
Why Black Carbon AI
The Investment Case
De-Risked Asset
Known, surveyed reserves with 50+ years of proven supply at full capacity.
"Rolls-Royce" Coal
Africa's highest quality thermal coal. No washing, no beneficiation. Direct mine-to-market.
Captive Power Advantage
Self-sufficient energy eliminates Africa's biggest infrastructure risk. Zero grid reliance.
Explosive Market Growth
Africa's data center market growing 300%+ by 2030. A once-in-a-generation opportunity.
Fully Funded
USD 300M SPAC raise covers the entire project from planning through commissioning.
BLACK CARBON AI
Powering Africa's AI Future from the Ground Up
Confidential — For Discussion Purposes Only