Zanzibar Power (IFC-600759)

Countries
  • Tanzania
Where the impacts of the investment may be experienced.
Specific Location
Zanzibar
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
Hold
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
Jan 30, 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
Zanzibar Electricity Corporation
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.74 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 26, 2019

Disclosed by Bank Dec 10, 2015


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Project Description

This project finances improvements to the efficiency of the Zanzibar Electricity Corporation (ZECO) in two phases. The first phase includes the completion of a legal, technical, financial, and environmental and social analyses, a summarization its findings, and provides recommendations to ZECO for attracting a private partner. Phase two includes IFC support in running an open and competitive tender process to select a private sector partner for ZECO, should they accept the first phase recommendations.

People Affected By This Project

The financial, legal, technical, and E&S due diligence the IFC will carry out will provide the foundations for structuring options for RGoZ to consider. The end result will be a clear plan for structuring a PPP that will help the government meet its objective of improving power distribution in the country, which is critical for supporting economic and social development.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*No contacts available*

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/