Sustainable Energy Development Project (WB-P160910)

Countries
  • Marshall Islands
Where the impacts of the investment may be experienced.
Specific Location
Majuro, Ebeye
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
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.
Voting Date
Dec 15, 2017
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 Marshall Islands
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)
$ 34.00 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)
$ 34.00 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 Jan 22, 2018

Disclosed by Bank Mar 16, 2017


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Project Description
According to the bank document, the project development objective is to increase the share of renewable energy generation in the recipient’s territory, and enhance the reliability of electricity supply and improve energy efficiency in the Project Areas. The project has 3 components include Renewable Energy Investments, Promotion of Energy Efficiency and Loss Reduction Program, and Technical Assistance, Capacity Building, and Project Management.
Investment Description
  • World Bank (WB)
Private Actors
Contact Information
World Bank Leopold Sedogo Senior Energy Specialist Takayuki Doi Sr Power Engineer Borrower/Client/Recipient Minister of Finance, Republic of the Marshall Islands Brenson Wase brensonwase@gmail.com Maybelline Bing Secretary mayabing@gmail.com Implementing Agencies Marshalls Energy Company (MEC) Steve Wakefield Chief Technical Specialist swakefield@mec.mi.net Jack Chong-Gum CEO jack.chongGum@mecrmi.net 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.