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.
Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
May 12, 2023
Project Estimated Start Date
Jun 15, 2020
Project Estimated End Date
Dec 31, 2022
Project Description
IFC is supporting Scatec Solar to develop a 50 MW solar project to contribute to Bangladesh's energy needs from an environmentally friendly source. To achieve this goal, IFC's ESG AS is providing advice to the client on environmental and social standards, particularly on social risk management for solar projects.
Development Results
IFC expects that the Project will help address the Bangladesh's energy needs with an environmentally friendly source by adding 50 MW of solar generation capacity that adheres to good international industry environmental and social standards.
Indicator
Cumulative
Number of entities that implemented recommended changes
1
Number of reports accepted by client
3
Number of entities receiving in-depth advisory services
1
Number of participants in workshops, training events, seminars, conferences, etc.
55
Number of participants providing feedback on satisfaction
44
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
44
Value of IFC financing facilitated (US$)
0
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
21
Number of workshops, training events, seminars, conferences, etc.
16
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 5. Land Acquisition and Involuntary Resettlement
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, 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.
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.