According to bank provided information, FMO invested in JCM Salima UK Ltd (Salima), a company incorporated in the U.K. and 75% owner of JCM Matswani Solar Corp Ltd, a Malawi Special Purpose Vehicle (the "Project Company") established for the development of a 60 MWac solar PV plant located in the Salima district of Malawi (the "Project"). Infraco Africa Ltd owns the remaining 25% of the Project Company. The Project was developed by InfraCo Africa, JCM Power and Matswani Capital.
FMO is proposing to make another investment of USD 4.4 million into the company that will be used to finance the construction of the Project which will be the first solar PV plant and Independent Power Producer in the country upon its completion. Malawi has abundant solar resource availability and the Project can assist Malawi in diversifying its electricity mix and reducing its reliance on import of fossil fuels.
*Contact information not 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