Ethiopia Scaling Solar - Round 2 (IFC-604194)

Countries
  • Ethiopia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 25, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Ethiopia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 10, 2022

Disclosed by Bank Dec 31, 2021

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

IFC will act as PPP Transaction Advisor to PPP-DG to support the implementation of grid connected solar PV IPP projects for Round 2 of up to 750 MW. The projects are expected to not only provide competitively priced clean power, but also reduce Ethiopia's dependence on hydro resources by diversifying the energy supply mix. IFC will assist Ethiopian Electric Power (EEP) and the PPP Directorate General (PPP-DG under the Ministry of Finance) in developing/structuring, following a competitive tender, an independent power producer to design, finance, build, and operate solar PV-based generation capacity of up to an additional 750 MW.

This is a follow-up to Round 1 which reached commercial close in December 2019 for two solar IPPs of 250 MW, under a mandate signed in 2016 with EEP and later incorporating the PPP-DG (the new procuring entity for PPPs under the PPP Proclamation issued in February 2018).

There will be two phases to IFC Advisory's work:

Phase 1: Project Preparation

a. Site selection support
b. Technical and E&S due diligence
c. Legal and regulatory due diligence
d. Sector due diligence

Phase 2: Bid Preparation

a. Evaluation of RFQ
b. Localization of the template Scaling Solar documents
c. Consultation with IFC Investment / MIGA / IDA
d. Issuance of RFP
e. Hosting a bidders conference

IFC Advisory's involvement will cease at commercial close, to avoid conflicts of interest arising on the (possible) entry of other WBG entities into the project.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The project will not only increase Ethiopia's installed capacity and energy supply, but will also enhance the ability of the country both to manage its water resources
more effectively in the short term and to adapt to climate change on an ongoing basis. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works