Ethiopia Solar (IFC-601584)

Countries
  • Ethiopia
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.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 2.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Apr 24, 2017


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Project Description

The World Bank Group obtained an agreement from EEP to move forward on a Scaling Solar Program in Ethiopia by way of a signed FASA on October 10, 2016.
IFC will act as PPP Transaction Advisor to EEP to support the implementation of grid connected solar PV installations on an IPP basis for a total installed capacity of 500MW over a number of sites in a series of procurement rounds. The projects are expected to be Ethiopia's first solar IPPs and will not only provide competitively priced clean power but also reduce Ethiopia's dependence on hydro resources by diversifying the energy supply mix. C3P will assist EEP as transaction advisor with activities split into two phases:

 

Investment Description
  • International Finance Corporation (IFC)
Contact Information

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