Myanmar Power AS (IFC-602475)

Countries
  • Myanmar
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
Dec 12, 2017
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.
Sectors
  • Energy
  • Infrastructure
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)
$ 3.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank Dec 13, 2018


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Project Description

The overall objective of the Myanmar Power Advisory Project is to catalyze private investment in the clean energy sector in Myanmar, especially hydro power and solar power. The project will do this by systematically addressing barriers to private sector participation in clean energy at both the market and firm level, working with industry associations, groups of companies, equipment suppliers or service providers, the Government of Myanmar, and other stakeholders.

At the market level, the project will facilitate investments in clean energy by working with groups of companies, regulatory entities, and other stakeholders to address market needs and barriers, develop bankable contractual structures, and match potential suppliers and end-consumers. At the firm level, it will catalyze climate financing for bankable clean energy projects and thereby demonstrate market viability for other potential private sector players. The project will do this by advising private companies and public sector agencies on project structuring, scaling viable business models, and building capacity on best industry practices, focusing on the hydropower and solar sectors.

People Affected By This Project

The overall objective of the Myanmar Power Advisory Project is to catalyze private investment in the clean energy sector in Myanmar, especially hydro power and solar power. The project will do this by systematically addressing barriers to private sector participation in clean energy at both the market and firm level, working with industry associations, groups of companies, equipment suppliers or service providers, the Government of Myanmar, and other stakeholders. The project expects to deliver the following impacts:
• Increased capacity and generation of renewable energy through direct and indirect investment;and
• Mitigation of climate change due to reduction of greenhouse gas emissions from increased renewable energy usage.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*There is no further information being revealed at this stage of the project*

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/