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Facility for Energy Inclusion (FEI) - Project Preparation Facility (On-Grid Fund)

Category: Transaction Assistance
Sub-Category: Grant Funding
User: Private Sector
Donor: African Development Bank (AfDB)
Donor Countries: Cote d'Ivoire
Description:

The FEI Project Preparation Facility (PPF) will play a critical role in supporting projects to “financial close” through reimbursable grants, enabling FEI ON-GRID to deploy debt more effectively. The PPF is set up with the objective of covering the shortage of outright “bankable” small-scale IPPs and mini-grids. It is therefore expected that the Fund Manager will get involved in financial and legal structuring, as well as validation of technical feasibility studies (resource assessment, engineering, environmental and social, etc.), to bring projects to the finishing line.

Locations: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Côte d'Ivoire, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Réunion, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, South Africa, Tanzania, Togo, Uganda, Western Sahara, Zambia, Zimbabwe, eSwatini
On- or Off-Grid: On-Grid
Geography:

AfDB Regional Member Countries

Eligibility:

Eligible beneficiaries:
• Mini-grid developers and small IPP developers
• Total project size of less than USD 30 million
• All RE feedstocks, but primary activity expected to be in solar PV, biomass, and small hydro
• Renewable + diesel hybrid mini-grids are eligible

Contact information:

Joao CUNHA (AfDB) / Clemens CALICE (FEI)

Last updated: August 11, 2020

Last updated: November 28, 2022