MENA Regional Power Advisory (IFC-601680)

Countries
  • Algeria
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
Oct 19, 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 Algeria
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.
Project Cost (USD)
$ 3.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 23, 2017

Disclosed by Bank Apr 12, 2017


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Project Description
The objective of the MENA Regional Power Advisory Program (the Program) is to address energy security by scaling up investment potential in sustainable energy production, transmission, distribution, and other related infrastructure. The program aims to support more accessible, affordable, efficient, reliable and sustainable energy throughout the region where energy security is an increasing concern in the context of extended social unrest. The program is designed to enable the private sector to be a key solution provider to these challenges by: (i) advising specific companies on investing in clean energy (ii) working with groups of companies and other public and private sector stakeholders on a market/sector level to address market barriers and facilitate the development of investment opportunities in clean and renewable energy supply across the region, particularly in nascent markets where IFCs role has been limited in the past (Algeria, Tunisia), or in more challenging markets (FCS). Project components include; Component 1: Firm Level Activity A: Scale up of Grid-Tied and Distributed Renewable Energy Supply Infrastructure: The feasibility of various renewable technology solutions depends on the country-level context including energy pricing, energy resources and regulatory environment. Solar is expected to be the main focus for the region, followed by small-hydro and wind in selected markets. Focus of support will be on investors, developers, suppliers, and other relevant private sector players. Component 2: Group of Firms and Market Development Work MENA market level work is designed to proactively improve the investment climate for the private sector in clean energy infrastructure, given that the energy sector is heavily regulated by governments and associated policies/regulations. Market level efforts in this sector must be done in partnership with the World Bank, C3P and CIN along with other relevant and important stakeholders. The market development work also serves to attract investors to a market or sector in which they are currently not active, or identify gaps in investment or suitable providers.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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