Lighting Myanmar (IFC-600863)

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
Approved
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 24, 2016
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
Government of Republic of the Union of Myanmar
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 Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.85 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)
$ 4.85 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 Oct 14, 2017

Disclosed by Bank May 30, 2017


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Project Description
According to IFC website, the goal of the project is to support the creation of a sustainable commercial market for high-quality off-grid energy solutions in Myanmar. More than 65 percent of Myanmar's population has no access to grid-based energy services. In rural areas, more than two thirds of households rely on candles, kerosene, batteries and diesel generators to meet their energy needs. To address this, the Government of Myanmar, with the assistance of the World Bank Group and other donors, has adopted the National Electrification Plan (NEP), which aims to achieve universal access to sustainable electricity services by 2030 through a combination of grid extension and off-grid programs. The project will work with lighting product manufacturers, distributors, financial institutions, development partners, and the government in the following areas: 1. Quality Assurance 2. Market Intelligence 3. Business Development Support 4. Consumer Awareness 5. Regulatory and Policy Dialogue 6. Access to Finance
People Affected By This Project
The goal of Lighting Myanmar is to support the creation of a sustainable commercial market for high-quality off-grid energy solutions in Myanmar. In doing so, it will help achieve two main impacts: 1. Supplying reliable energy services to customers in off-grid rural areas and underserved urban areas through high quality solar products, including lanterns, solar home systems, and potentially mini-grids. 2. Mitigating climate change by displacing fossil fuel-based sources of electricity generation, in particular kerosene and diesel. Intermediate outcomes will include increasing the public's awareness and understanding of quality standards for solar products; improving the policy and regulatory environment for the off-grid sector; and easing constraints on access to finance for off-grid companies and customers.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
No contact information provided at the time of disclosure. 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/