Regional : Promoting Sustainable Energy for All in Asia and the Pacific - Project Development and Investment Facilitation (Subproject D)
Asia and the Pacific is the region with the majority of the energy poor globally. The International Energy Agency estimates that around 600 million people or half of people without access to electricity globally live in the region. The region also has the highest number of people who are dependent on traditional solid fuels for cooking 1.8 billion out of a global total of 2.6 billion. Dependence on burning traditional solid fuels has dramatic impacts on the health of the people, particularly women and children.
SE4ALL was launched by the United Nations Secretary General in September 2011 to achieve three inter-related goals by 2030: (1) Ensuring universal access to modern energy services; (2) Doubling the global rate of improvement in energy efficiency; and (3) Doubling the share of renewable energy in the global energy mix.
Project Details
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Project Officer
Nam, Kee-Yung
Sustainable Development and Climate Change Department
Request for information -
Country/Economy
Regional -
Modality
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Sector
- Energy
Related Projects
Project Name | Promoting Sustainable Energy for All in Asia and the Pacific - Project Development and Investment Facilitation (Subproject D) | ||||||||||||
Project Number | 48435-005 | ||||||||||||
Country / Economy | Regional Cambodia |
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Project Status | Closed | ||||||||||||
Project Type / Modality of Assistance | Technical Assistance |
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Source of Funding / Amount |
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Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Partnerships |
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Sector / Subsector | Energy / Energy sector development and institutional reform |
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Gender | Effective gender mainstreaming | ||||||||||||
Description | Asia and the Pacific is the region with the majority of the energy poor globally. The International Energy Agency estimates that around 600 million people or half of people without access to electricity globally live in the region. The region also has the highest number of people who are dependent on traditional solid fuels for cooking 1.8 billion out of a global total of 2.6 billion. Dependence on burning traditional solid fuels has dramatic impacts on the health of the people, particularly women and children. SE4ALL was launched by the United Nations Secretary General in September 2011 to achieve three inter-related goals by 2030: (1) Ensuring universal access to modern energy services; (2) Doubling the global rate of improvement in energy efficiency; and (3) Doubling the share of renewable energy in the global energy mix. |
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Project Rationale and Linkage to Country/Regional Strategy | The Asia and the Pacific region faces the twin challenges of energy security and climate change challenges which ADB's 2009 Energy Policy discusses at length and outlines ADB's response of broadening support for, and accelerating development of, clean energy: renewables and energy efficiency. ADB, through its Clean Energy Program and Energy for All Program has been supporting its Developing Member Countries (DMCs) in promoting renewable energy, energy efficiency and energy access in terms of stakeholder engagement, capacity building, and investment facilitation. ADB's annual investment for clean energy has been over $2 billion since 2011. The TA aims to support the promotion of renewable energy, energy efficiency and energy access in ADB's DMCs in line with ADB's Energy Policy, and to achieve ADB's long term strategic goals of sustainable energy development. This includes, but is not limited to targeted support for development of road maps, investment prospectuses, projects identification and development, investment facilitation and information sharing in selected DMCs. By pursuing these targets, ADB will contribute to the achievement of the goals of the global Sustainable Energy for All Initiative (SE4ALL). |
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Impact | SE4ALL targets in Asia and the Pacific achieved |
Project Outcome | |
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Description of Outcome | Increased readiness of sustainable energy for all projects |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | Pipeline of projects developed and investment facilitated |
Status of Implementation Progress (Outputs, Activities, and Issues) | Description of Outcome: Increased readiness of sustainable energy for all projects Description of Project Outputs: The TA aims to achieve the Sustainable Energy for All 2030 Goals through (i) the development of a pipeline of investment-worthy projects in the energy access, energy efficiency and renewable energy sectors (the 'clean energy sector ) in Asia and the Pacific; (ii) building a network of venture capital funds, private equity funds and finance institutions (the 'Investors ) that are committed to funding clean energy; (iii) providing business development and investment facilitation support to clean energy companies; (iv) preparing and approving a renewable energy investment plan for Cambodia; and (v) enhancing capacity of the Government of Cambodia in renewable energy policy and investment planning. Status of Implementation Progress Output 1. Develop pipeline of sustainable energy projects. "A solar-diesel hybrid microgrid was piloted in Malalison Island in Antique, Philippines to demonstrate that partnership with private sector is a viable institutional arrangement for electric cooperatives' that are interested in venturing into decentralized generation and distribution. The pilot project also demonstrated how pre-paid metering technology can be utilized by electric cooperatives to improve collection efficiency in remote areas within their franchise "Support was provided to PSOD in exploring potential nonsovereign financing opportunities for a 6.0 MWp solar PV power plant located in the island of Tongatapu, the Kingdom of Tonga. An international expert recruited under the TA carried out the technical due diligence of the project. Output 2. Build a network of investors. "Conducted investment facilitation activities: (i) co-funding of a regional clean technology accelerator and business plan competition called the Asia Forum for Clean Energy Financing (AFCEF), (ii) two Sustainable E4All Forums in Myanmar and the Philippines, and (iii) an online call for mentoring applications for clean energy small and medium-sized enterprises (SMEs) that are raising funding in the Asia and Pacific region. Of the 40 companies that were identified during AFCEF 2017, 20 were shortlisted to receive one-on-one business coaching support from mentors over a 6-month cycle. The 12 most mature companies were then given the opportunity to deliver an investment pitch to investors in Singapore. Meanwhile, the Entrepreneurs on the Edge, an online newsletter and podcast featured selected companies and reached more than 1,500 clean energy stakeholders and 30 investors. Output 3. Provide capacity building and technical assistance to achieve financial closure. "Several knowledge sharing and capacity development activities were organized. These include (i) Business Development Workshop for Energy Service Companies (ESCOs); (ii) deep dive module on energy efficiency for the Development Bank of the Philippines to improve the bank's capability in assessing loan applications from ESCOs; (iii) Bank Training on Mini-Hydropower Financing in support of the ADB South Asia Subregional Economic Cooperation Program, where five mini-hydropower developers were matched with five commercial banks; and (iv) Workshop for mini-grid project developers in Myanmar attended by private developers, non-profit organizations, multilateral agencies, and academic institutions. "Through consultants, advisory support were also given to two projects previously under TA 7512, i.e., SOLShare, which secured a $50,000 convertible note from Sangam Ventures through E4ALL support and Maanaveya, a nonbanking finance company engaged in bulk financing to microfinance institutions, that invested $200,000 to E-Hands Energy Pvt. Ltd. TA Subproject D provided business coaching and investment structuring support to E-Hands. ADB provided Maanaveya interest rate subsidy of up to 3 percentage points to make working capital loans affordable to energy access enterprises. "TA Subproject D extended advisory support that led to a top-up in investments for Okra Solar, and to One Renewable Energy Ent (OREE). Planned Activities "Support for the new privately financed utility-scale hybrid solar photovoltaic (PV) plus battery energy storage system (BESS) project in Palau Island designed to deliver 23,000 MWh per year of power supply. "A Regional Workshop on Innovative Financing for Renewable Energy in the Pacific to strengthen the capability of National Development Banks (NDBs) in catalyzing financing for clean energy projects in the Pacific island countries. |
Geographical Location | Cambodia - Nation-wide |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation |
Business Opportunities | |
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Consulting Services | The TA will mainly finance consulting services and other capacity building activities as well as some small pilots that may be essential to test the model and enhance investor confidence. The TA will require 30 person-months of international and 65 person-months of national consulting services in the areas of technologies, project development, communications etc. Individual consultants will be engaged to be flexible and timely fielded. Some international and national consultants will be engaged in long-term support roles as individual consultants. Engagement of experts will follow ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). Partnership with other agencies such as Private Financing Advisory Network, New Ventures, USAID, GiZ etc. will be established. |
Procurement | All procurement under the TA will be carried out in accordance with ADB's Procurement Guidelines (2015, as amended from time to time). The disposal of all equipment procured under the TA will follow ADB disposal procedures. Output-based or lump sum contracts will be considered as appropriate where possible to reduce administrative burden and improve efficiency and economy. Disbursements under the TA will be performed in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time). |
Responsible ADB Officer | Nam, Kee-Yung |
Responsible ADB Department | Sustainable Development and Climate Change Department |
Responsible ADB Division | Energy Sector Group |
Executing Agencies |
Asian Development Bank |
Timetable | |
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Concept Clearance | - |
Fact Finding | 28 Sep 2015 to 11 Oct 2015 |
MRM | - |
Approval | 10 Sep 2015 |
Last Review Mission | - |
Last PDS Update | 08 Apr 2021 |
TA 8954-REG
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
10 Sep 2015 | - | 10 Sep 2015 | 31 Dec 2020 | 31 Dec 2021 | 01 Apr 2022 |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
0.00 | 2,038,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,038,000.00 | 17 Jun 2022 | 1,358,387.75 |
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Tenders
Tender Title | Type | Status | Posting Date | Deadline |
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Communicatoins Specialist | Individual - Consulting | Closed | ||
Sustainable Energy Investment Expert | Individual - Consulting | Closed | ||
Energy Access Expert | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.