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

Countries
  • South Africa
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
Bank Risk Rating
B
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.
Borrower
Development Bank of Southern Africa (DBSA)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 29, 2020

Disclosed by Bank Jan 24, 2019


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Project 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
  • Green Climate Fund (GCF)
Financial Intermediary
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds.
Contact Information

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/.