Lighting Myanmar (IFC-600863)

Countries
  • Myanmar
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 24, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Republic of the Union of Myanmar
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 4.85 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank May 30, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a 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
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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/

How it works

How it works