BioTherm’s Board of Directors

Mikael Karlsson
Mikael KarlssonChairman
Mikael is Head of the Energy team at Actis. He has 25 years of experience in developing, investing and operating power businesses, mostly in the emerging markets. Mikael joined Actis in 2012 as a Partner and became Co-Head of Energy in 2015. He was previously CEO of Globeleq and played a key role in Fund 1’s initial investments in 2002/03. Before joining Globeleq, Mikael had a long career with ABB Energy Ventures, where he held positions as global head of project development, head of Asia Pacific and head of Europe, Middle East and Africa as well as chair of the Investment Committee.

Mikael holds a Masters in Science degree in Industrial Engineering and Management from Linkoping Institute of Technology in Sweden and an MBA from the University of Massachusetts in the U.S.

Lisa Pinsley
Lisa PinsleyDirector
Lisa is a Director on the Energy team at Actis. She has 20 years of experience in emerging markets and over 10 years in power sector investing including prior positions at The AES Corporation, Globeleq and American Capital. At American Capital, she sourced and led the Taiba wind project in Senegal which was bought by Lekela, Actis Energy 3’s Pan-African renewable platform and she also sourced and led the Azura gas platform in Nigeria which is under Actis Energy 4.

Before her power career, Lisa lived and worked in Afghanistan for five years, both for the United Nations Development Programme and as an advisor in a chief of staff role to the Afghan Finance Minister.

Lisa holds an MBA from the University of Chicago Booth School of Business, an MA in Literature from the University of Sussex, and a BA in Applied Mathematics from Harvard University

Suman Babbar
Suman Babbar Non-Executive Director
Suman Babbar has been actively engaged with the infrastructure sectors and project finance over the four decades. He started his career in the electrical equipment manufacturing industry in India. From 1975-1985 he lead the Corporate Planning and Power Marketing functions for the National Thermal Power Corporation where he was a founding member of the team, which established NTPC (which included the Power Grid Corporation – subsequently carved out as an independent entity), a leading Indian utility. Since 1985, he has been at the World Bank in various capacities. For nearly a decade before retirement he lead the Project Finance and Guarantees program at the World Bank which supported mobilization of private capital for infrastructure using the World Bank guarantees. He has had operational involvement in more than thirty countries across all regions, where he was extensively involved in the energy sector and the IPP program – Pakistan, Vietnam, Philippines, Turkey. Laos, Colombia, Peru, South Africa, Uganda, Thailand, Mozambique etc. He was involved with the road concession program in Latin America including Colombia and Chile. In addition to a number of innovative transaction, he has led the financing of the two large private sector hydroelectric projects supported by the World Bank. Since his retirement from the World Bank he has continued to advise , on a selective basis, the regional energy teams, has supported Independent Evaluation Group and Operation Policy teams at the World Bank. He was a non-executive Director of Globeleq Generation (from January 2009 till mid 2015) a U.K. based power developer. In addition, he has advised USAID regarding the global experience of developing large hydroelectric projects. He is currently a non Executive Director on the Board of Lekela Power and Okavango Power, and Senior Adviser with Actis .
Allen Morgan
Allen MorganNon-Executive Director
He currently serves as a non-executive director on the boards of Kumba Iron Ore Ltd (Interim Chairman), AECI Ltd, Lomold (Pty) Ltd and BioTherm Energy (Pty) Ltd (Chairman).
Allen holds a BSc BEng (Elec) degree from the University of Stellenbosch and fellowships from the South African Institute of Electrical Engineers and the South African Academy of Engineers. He is also an honorary Professor of the Moscow State Academy of Instrument Engineering and Computer Sciences.
Paul Mpho Makwana
Paul Mpho Makwana Non-Executive Director
Mpho is currently Chairman of ArcelorMittal South Africa Limited, Gibela Rail Consortium RF(Pty) Ltd, SAFCOL SOC LTD and Illovo Sugar SA (Pty) Ltd. He is a non-executive director on the boards of Adcock Ingram Holdings Limited, Nedbank Group Limited and Nedbank Limited, BioTherm Energy Proprietary Limited and LR Management Proprietary Limited. He further serves as trustee of on the boards of The Nelson Mandela Children’s Fund and Brand South Africa.