PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600192

Primary Business Area

Cross-Industry Advisory Services

Disclosure Date

Jun 14, 2016

Country

Tanzania

Region

Africa

IFC Approval Date

May 20, 2015

Status

Completed

Estimated Total Budget

$2,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2017

Project Description

This project is a sub-component of a broader program supported by the Scaling up Renewable Energy Program (SREP) in Low Income Countries in Tanzania. This project aims to address identified market barriers in order to mobilize resources and investments to commercial mini-grid development in Tanzania. The project is being implemented by the IFC in close collaboration with the Rural Energy Agency (REA) of Tanzania, private sector associations and development partners in the energy access space, as well as the World Bank - IDA. The project will address the lack of proven commercially viable business models, lack of sector level data and information to guide investors, limited technical and business capacity among project developers, and access to finance challenges by offering support to firms and groups of firms. In addition, the project is expected to provide direct advisory support to mini-grid developers operating in the country.

Development Results

E&S Risks / Impacts and Mitigation