ENREP- Carbon Finance Programme of Activities (WB-P155859)

Countries
  • Ethiopia
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
Proposed
Bank Risk Rating
C
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
Government of Ethiopia
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)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.45 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)
$ 0.65 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 31, 2015


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Project Description

This project finances the Development Bank of Ethiopia to support the development of the off-grid renewable energy sector in Ethiopia. This includes the expansion of access to energy services through the development of stand-alone renewable energy programs.

 

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Issa Diaw
Title: Sr Power Engineer
Tel: 5358+6135 /
Email: idiaw@worldbank.org

Borrower/Client/Recipient
Name: FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
Contact: Ato Fisseha Aberra
Title: Director, Intl Financial Inst Cooperation Directorate
Tel: 251-11-1113247
Email: infopr@mofed.gov.et

Implementing Agencies
Name: Development Bank of Ethiopia
Contact: Tadesse Hatiya Oge
Title: Vice President of Development Bank of Ethiopia
Tel: 251115535220
Email: Dbe_vpcp@ethionet.et

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.