InfraV-Yoma Micro Power (IFC-39258)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
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
Active
Bank Risk Rating
U
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
Yoma Micro Power Pte. Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 6.00 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)
$ 13.00 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 Jun 13, 2018

Disclosed by Bank Jun 6, 2018


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Project Description

According to the IFC website, IFC will provide investment in the form of (i) $7 million of equity through its InfraVentures facility and (ii) a $6 million concessional loan in its capacity as implementing entity of the Canada Climate Change Program to the project company, Yoma Micro Power Pte. Ltd., to support the construction and operation of distributed generation (DG) units, with an expected total power rating of 4MW, throughout various locations in Myanmar. The solar-hybrid DG units will provide electricity to telecommunication towers and rural communities which do not have a connection to the main grid. Setting up DG units will involve engaging local communities, landusers, and land-owners, to lease their land on a long term basis.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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