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$1,720,000.00 (Project budget includes all project-funded activities)
Last Updated Date
May 19, 2023
Project Estimated Start Date
Jul 1, 2018
Project Estimated End Date
Jun 30, 2020
Project Description
IFC will support EdM in strengthening the company’s treasury function and improve financial planning and risk management operations. That will enhance management of accounts and payments and streamline power purchasing and sales transactions.
Development Results
The Project is expected to result in improved operational performance improvements for the client, particularly related to financial management and treasury functions. By doing so, it is expected to provide more comfort and confidence to independent power producers (IPPs) investing in Mozambique, as the client is the main power off-taker in the country. This will eventually lead to more private investment in IPP projects as well as enable access to more commercial lending for EdM itself, allowing it to finance grid expansion and upgrades. The overall impact of this effort is to increase the power generation capacity in the country, including renewable energy (e.g. solar PV, etc.), helping avoid greenhouse gas (GHG) emissions and improving access to electricity in Mozambique.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of entities receiving in-depth advisory services
Not Available
1
Number of workshops, training events, seminars, conferences, etc.
Not Available
1
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
25
Number of participants providing feedback on satisfaction
Not Available
23
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
Not Available
21
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
0
34
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
0
11
Number of entities that implemented recommended changes
Not Available
1
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
Not Available
12
Number of reports accepted by client
1
9
Number of entities reporting improved performance (e.g., improvements in productivity, accountability, operations, loan terms, valuations)
Not Available
Not Available
Costs expected to be avoided (US$/year)
Not Available
Not Available
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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