Investment Grant for Financing Energy Efficiency and Renewable Energy Investments of Private Companies in West Africa
- Region
- Western Africa
- Sector
- Energy
- Scope
- IG
- Grant Amount
- EUR 4,500,000
- Total project cost
- EUR 45,000,000
- Status
- Completed
- PFG Lead Financier
- AFD
AFD is setting up a concessional facility, which aims to engage regional and local banks to finance more efficient use of energy and ensure the promotion of renewable energy in the private sector. In conjunction with this credit facility, AFD also plans to set up a TA program to be implemented by a project management unit recruited through an international bidding process and incentive payments to sub-borrowers to reward them for the demonstrative and innovative investment.The active implementation phase is now complete.
The Investment Grant provided under the program directly supported the project holders by funding feasibility studies ahead of EE and EnR investments and investment bonuses payable once investment is completed.
