46931-014: Off Grid Pay-As-You-Go Solar Power

Project Data Sheet (PDS): Details


Description

Off Grid Pay-As-You-Go Solar Power

Project Rationale and Linkage to Country/Regional Strategy

Access to energy for all is an important pillar of ADB s Energy Policy. Maximizing access to energy for economic and social development under its Energy for All Initiative is part of ADB s inclusive growth strategy. The Energy for All Initiative aims to share knowledge and to identify and scale up successful models that will bring energy to the poor across Asia. On the regional level, the Energy for All Initiative is supporting a new regional partnership the Energy for All Partnership. Through the collective effort of partners, the Energy for All Partnership aims to extend access to energy to an additional 100 million people in Asia and the Pacific by 2015. The investment is also directly aligned with ADB s Asia Solar Energy Initiative, which aims to help develop, finance, and commission 3,000 megawatts (MW) of solar power generation capacity including off grid projects, in DMCs by May 2013.

Status of Development Objectives

The project is currently under implementation.

Safeguard Categories

Environment: C
Involuntary Resettlement: C
Indigenous Peoples: C

Summary of Environmental and Social Aspects

The Investment is classified as category C for impacts on the environment, involuntary resettlement, and indigenous peoples. The company's business activities have minimal or no adverse environmental impacts, and are unlikely to entail impacts on involuntary resettlement and indigenous peoples. Simpa Networks will ensure that investments using ADB funds abide by applicable national laws and regulations.

Project Sponsor

OFF-GRID PAY-AS-YOU-GO SOLAR PROJ SIMPA NETWORKS



Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

Project Data Sheets (PDS)

Translated PDS

Timetable

Concept Clearance
07 Aug 2012

Due Diligence Mission
09 Sep 2012 to 11 Sep 2012

Private Sector Credit Committee Meeting
12 Nov 2012

Board Approval
15 Jan 2013

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