Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
Global Authorisation enabling the Bank to efficiently finance energy access and energy efficiency projects for underserved populations, micro, small and medium-sized enterprises (MSMEs) and social infrastructure facilities.
The sub-projects to be financed under this Global Authorisation will provide access to modern and sustainable energy to currently underserved populations and enterprises. The operation thereby aims to improve energy access, enhance quality of life and economic opportunities for the beneficiaries, and to contribute to climate change mitigation by reducing the use of fossil fuel alternatives and unsustainable biomass. In addition there is a high likelihood to achieve significant gender equality contributions, however this needs to be assessed on sub-project level.
The small size, multiple locations and nature of the installation of solar powered systems will limit the potential negative environmental impacts of the operation. The due diligence of each sub-operation will scrutinise the originator's capacity, approach and procedures for ensuring that the operation is implemented in line with the Bank's environmental and social standards.
The Bank will require the promoters of sub-projects to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.