PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602475

Primary Business Area

Infrastructure and Natural Resources

Disclosure Date

Dec 12, 2018

Country

Myanmar

Region

East Asia and the Pacific

IFC Approval Date

Dec 12, 2017

Status

Completed

Estimated Total Budget

$3,876,542.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Nov 30, 2017

Project Estimated End Date

Jun 30, 2021

Project Description

The overall objective of the Myanmar Power Advisory Project is to catalyze private investment in the clean energy sector in Myanmar, especially hydro power and solar power. The project will do this by systematically addressing barriers to private sector participation in clean energy at both the market and firm level, working with industry associations, groups of companies, equipment suppliers or service providers, the Government of Myanmar, and other stakeholders. At the market level, the project will facilitate investments in clean energy by working with groups of companies, regulatory entities, and other stakeholders to address market needs and barriers, develop bankable contractual structures, and match potential suppliers and end-consumers. At the firm level, it will catalyze climate financing for bankable clean energy projects and thereby demonstrate market viability for other potential private sector players. The project will do this by advising private companies and public sector agencies on project structuring, scaling viable business models, and building capacity on best industry practices, focusing on the hydropower and solar sectors.

Development Results

E&S Risks / Impacts and Mitigation