Quadran Burkina Faso SA (Zano) (MIGA-14583)

Countries
  • Burkina Faso
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 5, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Qair International
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ MIGA website

Updated in EWS May 15, 2020

Disclosed by Bank May 5, 2020


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Project Description

The Project is anticipated to be part of the first Independent Power Producers in the country and will bring much-needed clean power to Burkina Faso . As such, it has the potential to demonstrate the viability of solar PV technology and private investment in the country's power sector, while strengthening the regulatory environment for IPPs. Moreover, the Project has the potential to diversify Burkina Faso's energy mix, decrease its dependency on expensive and less environmentally friendly fossil fuels, and generate cost savings to consumers and the government. Support for the Project aligns with MIGA's strategic focus on International Development Association ("IDA") member countries, fragility and conflict-affected countries, and projects with climate benefits.

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Contact Information

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/