According to FMO website, the funds will be used for the financing of a 26MW co-generation power plant to generate power for internal consumption and the surplus power to be exported to the grid. This will allow SCOUL to diversify its base of revenues and to create more value from the by-product bagasse.
This project is expected to generate an annual production of around 115 GWh of green electricity in a country where electrification rate remains very low and the consumption per inhabitant is one of the lowest of Africa.
No conract information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.