Mini-grids Project (IFC-600192)

Countries
  • Tanzania
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.
Voting Date
May 15, 2015
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
Rural Energy Agency
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 Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Jun 15, 2016


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Project Description

This project is a sub-component of a broader program supported by the Scaling up Renewable Energy Program (SREP) in Low Income Countries in Tanzania. This project aims to address identified market barriers in order to mobilize resources and investments to commercial mini-grid development in Tanzania. The project is being implemented by the IFC in close collaboration with the Rural Energy Agency (REA) of Tanzania, private sector associations and development partners in the energy access space, as well as the World Bank - IDA. The project will address the lack of proven commercially viable business models, lack of sector level data and information to guide investors, limited technical and business capacity among project developers, and access to finance challenges by offering support to firms and groups of firms. In addition, the project is expected to provide direct advisory support to mini-grid developers operating in the country.

People Affected By This Project

The project is expected to increase the supply of electricity from renewables for off-grid locations by supporting the development of commercially sustainable mini-grids projects. This will be achieved by providing technical and business support to mini-grid developers, raising awareness on the business potential of the mini-grid sector among financiers, developing a set of mini-grid standards and specifications guidelines, and promoting access to information through an information hub for mini-grid practitioners.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC
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