Comoros - Energy Sector Support Project (PASEC) - Supplementary Financing (AFDB-P-KM-F00-002)

Countries
  • Comoros
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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.
Voting Date
May 21, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Comoros
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 9.64 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 11, 2020


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Project Description

According to bank documents, the present intervention relates to additional funding for the Energy Sector Support Project. It falls directly in line with the actions taken by the Union of the Comoros to improve performance and promote energy sector development. It consist of three main thrusts, namely: (i) support for rehabilitation and technical implementation; (ii) energy mix; and (iii) capacity building. It implementation will help address the failures observed in the electricity sector through increased production capacity, reduced levels of technical and commercial losses and energy sector capacity building. Its realization of this project, planned to last 38 months, is also a major stride towards providing the Union of the Comoros with the studies required to tap its renewable energy potential, thereby laying the groundwork for green growth in a fragile State. The project comprises three components, namely: (i) support for rehabilitation and technical implementation; (ii) institutional support; and (iii) project management.

The project has three major objectives: rehabilitate production capacities in the three islands, contribute to the improvement of financial governance through capacity building in the electricity sub-sector, and ensure the preparation of the quality-at-entry of future renewable energy projects by conducting appropriate studies.

Investment Description
  • African Development Bank (AFDB)
Contact Information

KONE Moussa
m.o.kone@afdb.org 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/