ABOUT MINERAL SPRINGS

Unlocking Opportunities, Transforming Communities—Mineral Springs. is a distinguished consultancy with a two-decade legacy of pioneering financial solutions in municipal, infrastructure, and climate finance. Serving a global client base, including the UK, EU, and South African governments, Mineral Springs excels in delivering bespoke strategies for affordable housing, WASH (Water, Sanitation, and Hygiene), and sustainable infrastructure projects. 

MISSION

Our mission is to empower international governments and institutions by providing innovative finance solutions that catalyze sustainable development and community transformation. 

VISION

To be the global leader in consultancy for finance-driven development, helping our clients achieve their infrastructure and sustainability goals through expert guidance and strategic financial insights. 

OUR WORK

At Mineral Springs, we specialize in a range of services including municipal finance, climate finance, and access to finance. Our projects enhance community infrastructures, promote sustainable development, and open new avenues for economic growth. 

THE MINERAL SPRINGS TEAM

At Mineral Springs, we think long-term to bridge policy, finance, and on-the-ground delivery. Led by Dr. Jeremy Gorelick, our work is carried out by a globally-based team of experts with wide-ranging experience across diverse sectors and markets. We’re at our best when helping ambitious ideas go the distance: together, we convert early concepts into investible opportunities through robust financial modeling and strategic project management, powered by a constant focus on real world impact. 

Dr Jeremy Gorelick
President

Dr Jeremy Gorelick is a development finance practitioner with twenty years of experience in mobilising capital for challenging, complex projects across Africa, Asia, and Latin America., raising over USD 4.2 billion, mostly for climate smart infrastructure.  He currently serves as team lead for projects on behalf of bilateral and multilateral aid agencies, all targeted at raising funds for strategic investments into sustainable infrastructure across Africa and Asia.  Over the past ten years, he has served as global technical expert on climate and/or urban infrastructure finance lead for multiple organisations, including the Bill & Melinda Gates Foundation, the World Bank, the IFC, USAID, GIZ, AFD, DFID, FCDO, BEIS, and the OECD among others; on all projects, he has been responsible for assisting public sector entities to convert high-level ideas into investible opportunities through the development of both compelling narratives and defensible financial models.

Education:  PhD from the University of Cape Town with a focus on financial mobilisation for infrastructure in emerging markets and has lectured at the Johns Hopkins University since 2010 on emerging markets finance

Elhan Cara
Manager, Infrastructure & Infrastructure Finance

Elhan is a climate finance and infrastructure finance expert. Joining Mineral Springs at the beginning of 2024, Elhan has contributed to the delivery of the Green Cities Infrastructure Programme for the FCDO and supported private sector clients to improve their access to finance. Previously, Elhan was a senior analyst at the Green Finance Institute where he contributed to the design and implementation of the London Green Finance Fund, which has made £500m available for climate related projects at the city level. Elhan acted as a crucial component in designing the Green Finance Guarantee Facility, which is expected to be launched in H2 2024 and could potentially mobilise several billion dollars for climate-smart infrastructure in developing economies. Elhan also led several research projects, including exploring how offtake support mechanisms could unlock private finance, creating a guide to investing in the EV battery supply chain and writing a report on local authority climate finance.

Education: Elhan holds a BSc in Mathematics from Loughborough University, with a focus on financial mathematics

Winnan Lucia
Associate, Infrastructure & Infrastructure Finance
Winnan is a finance professional with experience in investment analysis and capital mobilization across urban climate, transport electrification, water, and sustainability. She collaborates with cross-functional teams to assess and design blended-finance mechanisms and to build decision-ready financial models that inform strategy and bankability. Previously at Open Capital Advisors and in research roles, she supported due diligence and analytics to guide catalytic funding and program design.
Education: Winnan holds a Bachelors of  Economics & Statistics from  the University of Nairobi and has advanced training in Excel modelling, R, STATA, SPSS, and basic Python.
Kelvin Kariuki
Analyst, Infrastructure & Infrastructure Finance

Kelvin is a finance professional with experience supporting investment analysis and capital mobilization across the agriculture, energy, and sustainability sectors. He has worked with diverse teams to assess the commercial viability of projects, develop investor materials, and build financial models that inform strategic decision-making. At Open Capital Advisors and Agri Frontier, Kelvin supported market research, due diligence, and transaction preparation for opportunities in East Africa, helping businesses refine their growth strategies and connect with the capital they need to expand.

Education: Kelvin holds a Bachelor of Commerce in Finance from the University of Nairobi and is a CPA-K finalist.

Ryan Macauley
Affiliate, Infrastructure & Infrastructure Finance
Ryan Macauley is an investment and infrastructure finance professional with experience spanning international development finance, energy and critical minerals, and public-sector advisory. He currently serves as an Investment Officer at the U.S. International Development Finance Corporation (DFC), where he structures and finances projects in strategic sectors across emerging and frontier markets, with a focus on energy, infrastructure, and industrial development.

Previously, Ryan has worked in international development and advisory roles with PwC’s International Development practice in South Africa and with UN-Habitat in Nairobi, supporting governments and multilateral partners on urban development, municipal finance, and capital-mobilization strategies. His work has involved close collaboration with public institutions, private investors, and development partners to advance complex projects in challenging operating environments.

Education: Ryan holds academic training in economics, urban planning, and finance, including an MSc in Finance from Georgetown University’s McDonough School of Business, and a MA in City and Regional Planning from the University of Cape Town, with a dissertation on public finance mechanisms for urban infrastructure. Ryan also holds a BA in Economics from Morehouse College.

Neil Walmsley
Manager, Emerging Markets & Climate Finance

Neil is a senior expert in the fields of green finance, sustainable city strategies, climate change mitigation and adaptation, and innovation strategies. Over the past 17 years, Neil has worked with clients in the public and private sectors across Europe, the US, Africa, Asia/Pacific and Latin America to address a range of sustainable development needs, from developing national climate and investment strategies to testing new innovations in the field. For the past 6 years, Neil has overseen the expansion of the international innovation agency Climate-KIC’s programmes in Africa, Asia, and Latin America. Recently, Neil has helped launch new climate innovation clusters in Tanzania and Kenya, a strategic partnership between the European Union and State of California on climate innovation and oversees a long-running programme to support new climate adaptation businesses and services in Africa and Asia. Prior to joining Climate-KIC, Neil oversaw the development of C40 Cities climate finance programmes.

Education: Neil holds a BA in Archaeology and Environmental Economics from the University of Nottingham and a MA in International Relations from the University of Kent.

Sandra R Sahelangi
Senior Expert, Emerging Markets & Climate Finance
Sandra has more than 25 years professional experience in financial sector development, particularly in Indonesia and Southeast Asia. Leveraging her extensive network and high-level stakeholder engagement capabilities, she has participated in various multilateral and regional initiatives on green finance, financial mobilization, and climate-resilient infrastructure under programs funded by FCDO (UK), MCC (USA), and others. Her expertise bridges traditional banking and climate investment, enabling financial institutions and cities to access green and blended finance.

Education: Sandra holds an MBA from Baldwin Wallace University, majoring in International Business Administration, and a BA in Civil Engineering from Trisakti University.

Yofita Wardana
Senior Expert, Emerging Markets & Climate Finance

Yofita supports the readiness of Indonesian cities to access sustainable infrastructure financing. With a background in psychology and over a decade of professional experience in advisory, capacity development, and institutional strengthening, she focuses on integrating social, economic, and governance dimensions into project preparation processes. Her expertise includes financing ecosystem analysis, ESG and SDG integration in infrastructure planning, and multi-stakeholder coordination to strengthen collaboration between local governments, financial institutions, and development partners. Prior to joining MSI, she worked with organizations such as Washington Business Dynamics, Mercy Corps Indonesia, and the Mien R. Uno Foundation (implementing partner for USAID), focusing on MSME development, financial literacy, and job-readiness programs.

Education: Yofita holds a BA in Psychology from the University of Indonesia

Tashny Sukumaran
Senior Expert, Emerging Markets & Climate Finance

Tashny is a human rights expert focusing on just transition, decent work, and migration. She has consulted for the UNDP in Malaysia, ILO, Bursa Malaysia, the International Federation of Journalists, the International Domestic Workers Federation, the ASEAN Research Center, the Responsible Business Alliance, Vérité, and the World Bank.

Education: Tashny holds an MA in Human Rights Law from SOAS, University of London and a BA in Communications and Media from the University of South Australia.

Dorothy Mohamed
Senior Associate, Emerging Markets & Climate Finance
Dorothy is a dynamic operations consultant with over five years of experience driving transformation in sustainability, supply chain, and software deployments. She combines strong research, capacity-building, process optimization, and project management skills to deliver impactful solutions. In the sustainability space, she has authored thought leadership reports on climate-resilient urban strategies and conducted green finance market research. Previously, Dorothy delivered transformational projects in procurement and warehousing, applying her expertise in strategy, operating model optimization, and change management to drive customer success. Her holistic view of business operations enables her to advise clients on process improvements and adoption.  Her unique blend of strategic insight, hands-on implementation experience, and commitment to knowledge sharing has enabled her to drive sustainable operational excellence.
Education: Dorothy holds a BComHons Economics degree from Stellenbosch University.
Eli Nachison
Senior Analyst, Emerging Markets and Climate Finance
Eli joined the Mineral Springs team as an analyst in June 2025 and has provided key support on sustainable infrastructure development initiatives in Brazil and EV deployment strategy in the Philippines in collaboration with the Green Finance Institute. A native of the Washington D.C. region, Eli is a data-oriented international development consultant with a deep understanding of complex global policy landscapes and works with our diverse client base to develop tailored strategies for their needs. In his previous role at Washington Business Dynamics, Eli assisted in the development of investor reports for early-stage energy projects in the Himalayan region in collaboration with the U.S. Department of State and Department of Commerce. Eli also specializes in transatlantic relations due to his time spent living in Spain, where he collaborated with the Iberoamerican General Secretariat to map and integrate prominent regional think tanks into the programming of their yearly summits.
Education: Eli holds a BA in Political Science and Spanish from Virginia Commonwealth University and an MA in International Relations from IE University.
Saran Anandan
Analyst, Emerging Markets & Climate Finance

Saran Anandan has a research and professional focus on sustainability, climate resilience, and regenerative agriculture. His doctoral work is grounded in sustainable and regenerative approaches to agriculture, examining how biologically driven strategies can strengthen soil–plant systems and support more resilient, resource-efficient production in the context of climate change.

Beyond research, Saran has experience in food-systems collaboration and stakeholder engagement. He has organised an international conference focused on food systems in Small Island Developing States (SIDS), convening researchers and practitioners to address the intersecting challenges of climate vulnerability, sustainable agriculture, and food security. Through his work, he has also collaborated with some of the region’s most renowned experts in food security and sustainable agriculture, strengthening his ability to translate scientific evidence into practical, systems-oriented insights that support climate-informed decision-making and sustainability outcomes.

Education: Saran holds a BSc in Biotechnology from the University of Nottingham Malaysia, and is currently completing his PhD in Biotechnology from the University of Nottingham Malaysia.

 

Nadira Dayo
Analyst, Emerging Markets and Climate Finance

Nadira is a research and project professional with experience supporting consulting, development, and operational initiatives across public and private sector clients to deliver practical and results-driven solutions. Her work spans policy and economic research and project coordination, particularly within development and sustainability initiatives, including Indonesia’s new capital development with a focus on green financing and MSME empowerment, the implementation of the green economy to support national economic recovery, and governance and stakeholder synergy in carbon trading toward Indonesia’s 2060 emissions reduction target.

Education: Nadira holds an Economics degree from the University of Indonesia. 

Robert van Zwieten
Affiliate, Emerging Markets & Climate Finance

Robert van Zwieten’s experience of 40 years spans global finance, emerging markets, development finance, sustainable development, and governance. He is a Senior Fellow at the Columbia Center on Sustainable Investment and a Fellow of the Transition Investment Lab at New York University Abu Dhabi. He serves as a director on various company boards and is an investment committee or advisory board member of several private equity funds. In the recent past, he has served as Senior Advisor to the Blended Finance Lab at the London School of Economics and Political Science, a Fellow of the Climate Policy Initiative, Senior Advisor to the Global Innovation Lab for Climate Finance, and Ambassador of the World Benchmarking Alliance.

Robert was the President and CEO of EMPEA (renamed GPCA), the global industry association for private capital in emerging markets, representing an aggregate $5 trillion in AUM. Before this, he served as the Director of the Private Sector Capital Markets and Financial Sectors Division at Asian Development Bank (ADB), responsible for financial market development in ADB’s 42 developing member countries. This followed more than two decades in senior executive positions in global financial markets in Europe, the United States, and Asia, successively with firms such as ABN AMRO Bank (Head Global Clients Asia, Global Clients & Investment Banking), GE Capital (Treasurer Asia-Pacific) and GE Energy (Global Treasurer), Lehman Brothers (CAO), and Singapore Exchange (CFO).

Education: Robert holds an MBA from University of Chicago Booth School of Business, an LL.M. from Columbia University School of Law, and JD and MA degrees from Leiden University.

Eleanor Saunders
Affiliate, Emerging Markets & Climate Finance

Eleanor is a freelance education and learning specialist with over 15 years in innovative education and facilitation. Eleanor lectures for both Imperial College London and Trinity College Dublin as part of their sustainability business modules, including sustainable finance, within their respective business schools. She is also a coach and facilitator supporting the entrepreneurship accelerators at Imperial College London (WE Innovate programme), White City (Medical Technology Super Connector) and Climate-KIC LaunchPad (global adaptation innovation acceleration). Previously, she has worked on finance training for C40 CFF for global south municipalities, creating a new consortium education offering for global Arctic innovation sustainability with UiT and Harvard Belfer Centre, and facilitating the innovation task force for the World Bank’s Adaptation Fund. In the past she has been the director of education for the European consortium EIT Climate-KIC and an active member of advisory groups under DGEAC.

Education: Eleanor holds a MA in science communication and a postgraduate certificate in education

Dave Steinbach
Affiliate, Emerging Markets & Climate Finance

Dave is a green finance and climate adaptation expert. He supports governments, the private sector and civil society across sub-Saharan Africa, Asia, and Latin America to finance and implement solutions that will make them resilient to the long-term impact of climate change. Dave has worked at the environmental thinktank, the International Institute of Environment and Development (IIED), Ricardo Energy & Environment, and for Global Affairs Canada. Dave has a deep knowledge of the public and private financing mechanisms, instruments and funds that deliver climate finance to cities. Recently, Dave has focused on building capacity of cities to finance green urban infrastructure. He has helped developed trainings for city officials on green finance, has developed financial blueprints on successful green investments for cities, advised development banks on how to finance green projects, and documented delivery models for sub-national, locally led adaptation programs.