S Africa Power (IFC-602261)

Countries
  • Malawi
  • Zambia
  • Zimbabwe
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
Jan 10, 2018
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
*Borrower information not provided at the time of disclosure*
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.
Project Cost (USD)
$ 2.04 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 Oct 31, 2018


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Project Description

The Project aims to catalyze private investment in clean energy generation, transmission and distribution as well as other related infrastructure in Malawi, Zambia and Zimbabwe. The Project will advise specific companies, authorities and other sector aggregators to implement specific solutions as well as address market barriers to help more private companies develop renewable energy projects in the priority countries. As a result, the Project will contribute to the reduction of GHG emissions and increase the number of people with access to power.

To achieve its objective, the project will work with individual firms, authorities and other sector aggregators (financial institutions, donors and international development partners, business associations and NGOs). The project will provide customized advice to these categories of stakeholders, including support of transactions (feasibility study, deal structuring), market studies and technology assessments, energy loss reduction, work on policy guidelines and secondary regulations to unlock opportunities for private sector participation.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*Contact information not 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/