Brasilia Capital of Solar Lighting Project (NDB-brasiliacapitalofsola)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Federal District
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • New Development Bank (NDB)
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
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
Dec 24, 2021
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
Brasilia Energy Company (Companhia Energetica de Brasilia- CEB)
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)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 93.67 million
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.
Project Cost (USD)
$ 140.82 million
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 @ NDB website

Updated in EWS Jan 17, 2022


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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.

PROJECT CONTEXT

Brazil's Nationally Determined Contribution indicates the country's commitment to reducing total net greenhouse gas emissions by 37% in 2025 and by 43% in 2030 from 2005, and achieving net-zero emissions in 2060.To achieve this, Brazil seeks to increase the share of non-hydro renewables, particularly solar which is expected to make up 8% of the total energy mix in 2029 (from 2% in 2019), while at the same time promoting energy efficiency across all sectors of the economy.

PROJECT OBJECTIVE

The Project aims to reduce the energy consumption from the public lighting in the Federal District (FD) by approximately 50% through the replacement of existing metallic vapor lamps with LED lamps. The Project will also provide renewable energy generation capacity of 162.5 MW, adequate to produce electricity equivalent to the annual consumption needs of the FD's public lighting system after the implementation of energy efficient lighting.

PROJECT DESCRIPTION

The project comprises i) retrofitting 300,000 exiting lamps with LED technology in the public lighting system in the FD; ii) building a solar photovoltaic plant with a generation capacity of 162.5MW in the FD.

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

Contact Information
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