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According to the bank document, the project objective is "to increase generation capacity from renewable energy sources and facilitate integrationof renewable energy" The project aims to get results of Cumulative Installed Generation Capacity of Solar PV and Private Capital Mobilized.
Co-financing:
Private Sector Equity US$ 50 million
Other IFIs US$ 10 million
Trust Fund US$ 20 million
Government US$ 36 million
World Bank
Amit Jain, Joonkyung SeongSenior Energy Specialist
Borrower/Client/Recipient
Ministry of Finance
Ibrahim Ameer
Minister of Finance
dmd@finance.gov.mv
Implementing Agencies
Ministry of Environment
Hussain Rasheed Hassan
Minister of Environment
secretariat@environment.gov.mv
FENAKA Corporation Limited
Mohamed Rasheed,Chairman
mohamed.rasheed@fenaka.com.mv
State Electric Company Limited (STELCO)
Hassan Mughnee, Managing Director
admin@stelco.com.mv
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 .