Original disclosure @ GCF website
Updated in EWS Jul 29, 2020
Disclosed by Bank Feb 6, 2018
Can you contribute information about this project?
Contact the EWS Team
The Government of the Republic of Zambia (GRZ) aims at improving the conditions for renewable energy (RE) Independent Power Producer (IPPs) development and encouraging participation of private investors in the energy sector. The GETFiT (Global Energy Transfer Feed-in-Tariff) Zambia program, whose design has been supported by the KfW, aims to assist the GRZ in the implementation of its Renewable Energy Feed-in-Tariff (REFiT) Strategy officially launched in October 2017.
This framework targets to mobilize a financing package for upcoming RE IPP projects in Zambia identified under the GETFiT program, primarily for the first round 100MW solar PV (at least 80% of the framework). During the first phase, five to six small-scale (up to 20MW) solar PV projects will be selected through a competitive bidding process by Q2 2018 with the expected financial close by Q3 2018. It is targeted that most of them will be financed by the framework. The launch of the second phase will follow in mid-2018, which will procure total 100MW of small-hydro projects. The framework may finance a limited number of small-hydro projects from the second phase (i.e. up to 20% of the framework).
The Technical assistance (TA) will have two components:
It is proposed that the AfDB will provide senior debt and standby loans to finance each of the selected and interested IPPs (the AfDB exposure to be limited up to one-Third (33.3%) of the total project cost – USD 50 million for the whole framework). The remaining debt will be financed by the GCF (through the AfDB as an Accredited Entity), a pool of commercial banks (backed by a standby loan) and the national pension fund managed by the Zambian National Pension Scheme Authority (NAPSA) (proposed). The GCF’s participation will be pari passu with the AfDB, therefore its total exposure including standard loans and standby loans will be equally limited to one-third (33.3%) of the total project cost.
In addition, Technical assistance (TA) grants of up to USD 4 million, from the GCF and the AfDB, will be provided.
Contact: Ousseynou Nakoulima, Director for Renewable Energy and Energy Efficiency - Namho Oh, Investment Officer
Organization: African Development Bank
Email: firstname.lastname@example.org / email@example.com
Tel: +225 20 26 40 35
Address: Avenue Joseph Anoma, 01 BP 1387 Abidjan 01, Côte d'Ivoire
ACCESS TO INFORMATION
Requests for project information may be submitted using the IDP Request for Information by email to: firstname.lastname@example.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: email@example.com. 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/.