Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 9,024,456.28
Countries
Sector(s)
Malawi : € 3,609,782.51
Mozambique : € 5,414,673.77
Energy : € 9,024,456.28
Signature date(s)
4/12/2019 : € 3,609,782.51
4/12/2019 : € 5,414,673.77

Summary sheet

Release date
8 April 2019
Status
Reference
Signed | 04/12/2019
20190132
Project name
Promoter - financial intermediary
SOUTHERN SSA OFF-GRID SOLAR ENERGY ROLL-OUT
SOLAR WORKS MOZAMBIQUE LDA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 10 million (EUR 9 million)
USD 29 million (EUR 26 million)
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will finance the roll-out of off-grid solar energy systems in Mozambique and potentially other countries in Southern Sub-Saharan Africa.

The operation aims deploying last mile distribution for underserved rural off-grid households and micro-entrepreneurs communities in Mozambique and to a lesser extent in Malawi The operation consists in the distribution, installation, and financing of Solar Home Systems (SHS) and devices in Southern Africa by the promoter. The project is expected to have significant positive social impact given that final beneficiaries are typically off-grid households and small commercial activities, which will be enabled to improve their quality of life and partially use the energy services for productive use and income generating activities.

Environmental aspects
Procurement

The relatively small size of the household solar home systems, the multiple locations and the nature of the installation of solar powered systems will limit the potential negative environmental impacts of the operation. The due diligence will review the promoter's capacity, approach and procedures for ensuring that the operation is implemented in line with the Bank's environmental standards, notably for what concerns potential residual risks, such as e-waste and battery disposal/recycling, as well as client protection principles. The project is expected to be environmentally and socially sound. It will facilitate access to renewable energy for an unserved or underserved population and mitigate CO2 emissions from fossil energy sources currently used for lighting and electricity generation.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - SOUTHERN SSA OFF-GRID SOLAR ENERGY ROLL-OUT
Publication Date
5 Sep 2019
Document language
Main Topic
Lending
Document Number
92040038
Document Focus
Environmental Information
Project Number
20190132
Sector(s)
Countries
Publicly available
Download now

Videos

Photogallery

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications