Summary of Proposed Investment
Project Number
502238
Company Name
INTERNATIONAL FINANCE CORPORATION
Date SPI Disclosed
Apr 28, 1999
Country
World Region
Industry
other
Status
Completed
Sector
Industrial & Consumer Products
Department
Advisory Services
Environmental Category
C - No Impact
Project Description
Summary Of Project Information (SPI)
Region:East Asia and Pacific, Latin America and Caribbean, Sub-Saharan Africa, Central and Southern Europe
Sector:Project No:00502238Projected Board Date:May 31, 1999
Company Name:Various, will be determined through solicitation during project implementation.
Technical Partner and/or Major Shareholders
The project will be implemented globally by three "Regional Implementing Entitities" under close supervision of IFC''s Environmental Projects Unit. IFC will negotiate implementation agreements with three electric utilities who will fulfill the implementing entity role. Within each country, the project will be implemented through teams of local partners, including NGOs, government agencies, lighting manufacaturer and service providers, local financial institutions, industry and consumer associations, marketing firms, electricity distributors, and ESCOs.
Project Cost Including proposed IFC investment
$15 million (Global Environment Facility) to be managed by the Environmental Projects Unit of IFC. The project is expected to leverage an additional US$35-90 million in private sector investment.
Location of project and Description of site
Lighting markets in seven target countries in residential, commercial, industrial, and public sectors.
Description of Company and Purpose of Project
ELI is designed to accelerate the development of the market for high efficiency lighting products and services in seven countries. The objective is to reduce greenhouse gas emissions associated with fossil fuel-fired thermal plant electricity generation, as well as generating a variety of local environmental, social, and economic benefits in the host country. Through the multi-country approach, ELI also seeks to accelerate the development of the global market for efficient lighting and to provide support for efforts in other countries to replicate the ELI program through ELI''s structured learning facility.
The project will utilize concessionary GEF funding to leverage additional private sector investment in energy efficient lighting marketing, manufacturing, and project development. The long-term impact on lighting markets is expected to produce sustained benefits which will persist well beyond the three year scope of the project.
Environmental Category and Issues
Category C.
In addition to replacing inefficient lighting technology with high efficiency lighting technology, the project will seek opportunities to improve the availability of proper waste disposal mechanisms for lighting products which are removed from service.
The is from the InfoShop.
Date SPI sent to InfoShop April 28, 1999
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
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