Mazar IPP Afghan (IFC-35413)

Countries
  • Afghanistan
Where the impacts of the investment may be experienced.
Specific Location
Dehdadi District, Balkh Province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
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.
Borrower
Afghan Power Plant Company
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.
Loan Amount (USD)
$ 21.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 91.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 15, 2019

Disclosed by Bank Feb 1, 2019


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Project Description

According to the bank website, the proposed project involves the development, construction, operation and maintenance of a 58.56MW green-field, indigenous gas-based power plant, near the city of Mazar-e-Sharif, in the north-western region of Afghanistan (Project or Mazar IPP project). This will be the first private sector power project to use domestically produced natural gas and is expected to boost the country’s power generation by 30% approximately and supply electricity to about one million people.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Afghan Power Plant Company -- Implementing Company
Contact Information

Afghan Power Plant Company
Mr. Mahender Mehta, CEO
+971 55 330 3598
mehta@ghazanfargroup.com
Wazir Akbar Khan, Kabul, Afghanistan 

ACCOUNTABILITY MECHANISM OF IFC

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/