603077 - Ethiopia Wind

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Advisory Services Project Information

Project Number

603077

Primary Business Area

Transaction Advisory

Disclosure Date

Aug 30, 2021

Country

Ethiopia

Region

Africa

IFC Approval Date

Feb 11, 2019

Status

Active

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Nov 18, 2025

Project Estimated Start Date

Nov 26, 2020

Project Estimated End Date

Dec 31, 2023

Project Description

IFC will act as PPP Transaction Advisor to PPP Directorate General (PPP-DG under the Ministry of Finance) and Ethiopian Electric Power (EEP) to support the implementation of two grid connected wind IPPs of up to 250MW. The projects are expected to not only provide competitively priced clean power, but also reduce Ethiopia's dependence on hydro resources by diversifying the energy supply mix. IFC will assist PPP-DG and EEP with the development/structuring of the wind IPP projects and running a competitive tender to procure an Independent Power Producer(s) to design, finance, build, and operate two wind power plants. There will be two phases to IFC Advisory's work: Phase 1: Project Preparation a. Technical Due Diligence b. E&S Scoping c. Legal Due Diligence d. Tax and Insurance Due Diligence Phase 2: Tender Implementation a. Preparation of Project Documents (RFQ, RFP, IA, PPA) b. Marketing the transaction to qualified bidders c. Supporting PPP-DG and EEP in the evaluation process at both the qualification and bid proposal stage d. Providing advice to PPP - DG and EEP to finalize negotiations with the winning bidder IFC Advisory's involvement will cease at commercial close, to avoid conflicts of interest arising on the (possible) entry of other WBG entities into the project.

Development Results

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed	Not Available	Not Available
Number of agreements (concession, etc.) signed	Not Available	Not Available
Number of bids conducted	Not Available	Not Available
Number of reports accepted by client	Not Available	Not Available
Number of successful bids	Not Available	Not Available
Number of people receiving access to improved services (real/non-financial sectors)	Not Available	Not Available
GHG emissions expected to be reduced (metric tons/year)	Not Available	Not Available
Renewable energy expected to be produced (MWh/year)	Not Available	Not Available
Value of financing facilitated (US$)	Not Available	Not Available

E&S Risks / Impacts and Mitigation

Performance Standard	Description and 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, IFC team will screen 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. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 2. Labor and Working Conditions	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen 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. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 3. Resource Efficiency and Pollution Prevention	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen 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. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 4. Community Health, Safety and Security	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen 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. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 5. Land Acquisition and Involuntary Resettlement	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen 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. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen 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. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.

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.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Advisory Services Project Information

Project Description

Development Results

E&S Risks / Impacts and Mitigation

Similar Projects

Projects

Summary of Advisory Services Project Information

Project Description

Development Results

Development Impact / Project Objectives for Public Disclosures

Development Results

E&S Risks / Impacts and Mitigation

E&S Risks / Impacts and Mitigation

Press-Release

Additional Documents

Similar Projects

Disclaimer