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.