IFC to support in solar PPP project in Afghanistan

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IFC, a member of the World Bank Group, has signed a landmark agreement with the government of Afghanistan to design a 40 MW solar power plant that will more than double the country’s current solar energy capacity. 

The agreement will see IFC’s PPP advisory experts supporting the government to design and competitively tender the project, helping attract solar companies to develop the solar photovoltaic power plant. IFC’s work with the government will be funded by the UK Department of International Development through DevCo, a multi-donor facility affiliated with the Private Infrastructure Development Group, and by the Global Infrastructure Facility. 

In Afghanistan, electricity consumption is among the lowest in the world with only about 28% of Afghans connected to the grid. Three decades of conflict have left the country’s power system battered, with the country importing up to 80 percent of its energy and frequent blackouts reaching up to 15 hours a day in some parts of the country. 

The Government of Afghanistan has an ambitious program to develop 2,000MW of solar power to boost the nation’s supply of electricity and will work with IFC on an initial 40 MW solar plant that will develop a new model for subsequent solar projects, helping the country more rapidly reach its 2,000 MW goal.

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