Madagascar Scaling Renewable Energy Program (SREP) Investment Plan (IP) (WB-P159725)

Countries
  • Madagascar
Geographic location 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 30, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Ministry of Finance Economy and Budget
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 26, 2019

Disclosed by Bank May 19, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed project is complementary to other support provided by the Bank. The Bank is currently implementing technical assistance, financed by the Energy Sector Management Assistance Program (ESMAP), which is mapping the potential of small hydropower projects (less than 20 MW). This will improve datasets and increase the awareness of stakeholders (both Government and private sector) for facilitating the development of this renewable energy resource. Most importantly, it will create opportunities to lower the cost of generation, green the energy mix, and foster private sector participation in hydro generation. This activity will provide an indication of the sites with the best potential for electricity generation. The Bank is also supporting the Electricity Sector Operations and Governance Improvement Project (ESOGIP), under which it is developing of a Least Cost Power Development Plan (LCPDP), a tariff study, and an Electrification Strategy Access strategy. The project also seeks to improve the performance of JIRAMA (which should help making it a healthier utility and more able to enter into IPP arrangements in the future). The Government has equally requested support through the IFC-led Scaling Solar initiative and it is possible that SREP funds could be used to support this.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Borrower/Client/Recipient
Name: Ministry of Finance Economy and Budget
Contact: Mme Haingotiana Rahaniraka
Title: Chef de Service de la Gestion de la Dette Extérieure, Direct
Tel:
Email: haingo_rahan@yahoo.fr

Implementing Agencies
Name: Ministry of Energy
Contact: Olga RASAMIMANANA
Title: Ms.
Tel: 261348341006
Email: sg@energie.gov.mg

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.

How it works

How it works