Subsidy Funding | Activity Status: Active

Myanmar Solar Power

Overview
Young Boy - Myanmar
Photo: Markus Kostner 

 

The objective of the project is to help increase electricity access in Myanmar by supporting the IFC-led Lighting Program, which aims to promote market development for Lighting Global-certified solar products. The activity is co-financed by GPRBA ($3 million) and ESMAP ($450,000) and is expected to provide access to clean energy products for 450,000 beneficiaries located in off-grid areas. 

Status

The Grant Agreement was signed and declared effective on June 15, 2020. 

The activity is co-financed by GPRBA (US$ 3 million) and ESMAP (US$ 450,000) and is expected to provide access to clean energy products for 450,000 beneficiaries located in off-grid areas. The RBF for Off-grid Solar will be implemented by the Department of Rural Development (DRD) in partnership with selected companies and NGOs that distribute Lighting Global certified products on Myanmar’s market.

The GPRBA subsidy is expected to leverage US$ 9.3 million private sector investment. The implementing agency DRD is working on i) opening of Designated Accounts, ii) finalization of the subsidy agreement between DRD and the selected companies, iii) amendment of the existing Inspection and Verification Agent contract to include the verification scope of work under this grant, and iv) the International Finance Corporation (IFC) to facilitate a virtual meeting of DRD with the selected companies to take stock of current market development of Lighting Global-certified products and prepare the implementation plan.