MG ethanol clean cooking climate finance program (WB-P154440)

  • Madagascar
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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 6, 2016
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.
Government of Madagascar
The holder of the loan, grant, or other investment.
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.86 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 28.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 26, 2019

Disclosed by Bank Dec 23, 2015

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Project Description

This project finances the increase in household use of ethanol, enhancement of distillery design and operations, and establishes an ethanol production safeguard system for future scale-up in Madagascar. This includes giving payments to participating households who adopt ethanol cooking solutions during the first five years of the program implementation period.

Investment Description
  • World Bank (WB)

This project is financed by the Carbon Fund. The program will be implemented by Green Development AS, a private Norwegian company, in partnership with Local Implementation Partners (LIPs) organized by an industry trade association named Angovo Men’ Eva.

Contact Information

World Bank
Contact: Giovanni Ruta
Title: Senior Environmental Economist
Tel: 5339+6014 /

Contact: Nuyi Tao
Title: Senior Carbon Finance Specialist
Tel: 473-1244

Implementing Agencies
Name: Green Development A.S.
Contact: Havard Norstebo
Title: General Manager
Tel: 27794825574


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