Zambia Solar 2 (IFC-601536)

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
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 11, 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 Zambia
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Dec 18, 2017


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Project Description

IFC will assist the Government of Zambia to (i) increase solar power supply, increasing the country's renewable generation capacity and relieving its dependence on seasonal hydro power; (ii) mobilize private investment by attracting one or more private sector partners to develop up to 500MW of photovoltaic capacity. IFC will apply a two-phased transaction implementation model. In Phase 1, IFC will carry out necessary due diligence analysis of the project, assessment of investor's interest and preparation and presentation of the recommended transation structure. In Phase 2, IFC will support IDC throughout implementation and conclusion of the project tender process until commercial close.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

(Contact details not provided at the time of disclosure)

ACCOUNTABILITY MECHANISM OF IFC

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