Zambia Solar (IFC-601182)

Countries
  • Zambia
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
Aug 12, 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
Industrial Development Corporation (Zambia) Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 1.50 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 Sep 11, 2015


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Project Description

This project finances cross-industry advisory services to Industrial Development Corporation (Zambia) Limited to assist with the development of up to 100MW of solar photovoltaic generating capacity in Zambia through the tendering of one or more independent power producer projects.

Investment Description
  • International Finance Corporation (IFC)

The Industrial Development Corporation of Zambia is an investment company wholly owned by the Zambian government, incorporated in early 2014. It serves as the co-investor alongside private sector investors focused on a broad spectrum of sectors including agriculture, forestry, manufacturing, financial services, mining, energy, telecommunications, logistics, medical, education, tourism, real estate and media.

 

Contact Information

*No contacts available*

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