Embedded Generation Investment Programme (EGIP) (GCF-FP106)

Countries
  • South Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Borrower
Development Bank of Southern Africa (DBSA)
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 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.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 29, 2020

Disclosed by Bank Jan 24, 2019

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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.

Embedded generation is the production of electricity from smaller scale power stations, located in close proximity to the place of consumption that are usually directly connected to a distribution network. In South Africa, these include projects that lie outside of the formal government procurement programme such as the REIPPPP and usually defined as projects that are planned for own use/consumption. South Africa’s draft IRP 20I8 (Integrated Resource Plan 2018) includes 2600 MW earmarked for embedded generation by 2030 (200 MW per annum). The Embedded Generation Investment Programme (“EGIP”) will act as a model for structuring non-sovereign backed renewable energy projects and help catalyse the market for these types of projects. The implementation of EGIP is critical to help South Africa achieve its climate targets. The proposed Programme will finance the initial set of projects, which will act as validation for developers and lenders that the new framework is bankable, thus paving the way to a sustainable non-sovereign backed renewable energy Programme in South Africa and the region. The proposed investment under the Programme will add 330 MW (280 MW solar PV and 50 MW onshore wind) of new generating capacity, generating approximately 744 600 MWh of clean electricity annually, thereby directly avoiding emissions of more than 717 794 tCO2e per annum (once all projects are in operation)

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

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.

Physical Address
Development Bank of Southern Africa
Headway Hill
1258 Lever Road
Midrand
South Africa

Postal Address
P O Box 1234
Halfway House
1685
South Africa

Telephone
Telephone: +27 11 313 3911
Reception: +27 11 313 3500 or +27 11 313 3297
Email: webmaster@dbsa.org 

ACCESS TO INFORMATION

Requests for project information may be submitted using the IDP Request for Information by email to: disclosure@gcfund.org.

You can also submit an information request using this online form: https://www.greenclimate.fund/about/disclosure/form.  Additionally, if information requested is denied, an appeal can be filed to the Information Appeals Panel: iap@gcfund.org.  You can learn more about the Information Appeals Panel at: https://www.greenclimate.fund/about/disclosure/appeals.

 

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND 

The Independent Redress Mechanism (IRM) addresses complaints by people who believe they are negatively affected or may be affected by projects or programmes funded by the Green Climate Fund (GCF). The complainant can raise issues related to any of GCF’s policies and procedures, including those relating to social and environmental issues, indigenous peoples, gender, and information disclosure, among others. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating problem solving or conducting a compliance process. You can learn more about the Independent Redress Mechanism and how to file a complaint at https://irm.greenclimate.fund/.

You can access a video about the IRM (English) at: https://youtu.be/1LanbriVhfs.

A brochure about the IRM can be accessed in English, French, Spanish, Portuguese, Arabic, Mandarin, Mongolian, Vietnamese, Russian, Ukrainian, Korean, German, and Kiswahili at: https://irm.greenclimate.fund/.

How it works

How it works