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Technical Assistance for the GEFIOR project

Region
Southern Africa
Sector
Energy
Scope
TA
Grant Amount
EUR 1,700,000
Total project cost
EUR 71,900,000
Status
Under disbursement
PFG Lead Financier
AFD

The project has two components:

1. A soft credit line of EUR 60 million to the major Mauritian banks, and their affiliates in neighbouring countries, to engage local banks in financing optimisation in the use of natural resources and energy and the promotion of renewable energy by the private sector.

2. Technical and financial assistance to help project developers to identify and unfold sustainable energy projects.

The project will improve the competitiveness of the local enterprises and reduce the Government’s budgetary burden. In addition, it will reduce negative health impacts on the population thanks to the reduction of pollution. Expected impacts include 25 MW of RE installed and 50 GWh saved each year. 

The project will improve the competitiveness of the local enterprises and reduce the Government’s budgetary burden. In addition, it will reduce negative health impacts on the population thanks to the reduction of pollution. Expected impacts include 25 MW of RE installed and 50 GWh saved each year.

The EU-AITF will be providing a Technical Assistance Grant from the SE4ALL envelope (EUR 1.7 million) organised around five main components to improve the local financial intermediaries’ skills and appetite for such RE and EE projects:

1. Support to sub-projects’ origination, preparation and implementation.

2. Capacity building and transfer of knowledge.

3. Awareness raising and dissemination of best practices at regional level.

4. Monitoring and evaluation of the programme.

5. Financial assistance to energy audit studies.

As at December 2015, 61 sub-projects, representing more than EUR 106m of investment (see table below) have been selected and a loan amount of EUR 36.7 million has been granted by AFD to the local banks (banks have disbursed partially to project owners). There are 35 sub-projects in RE (solar, biomass and biofuel), 21 in EE (Commercial buildings, industry) and 5 in clean production sectors.

12/2015