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Cabo Verde - Renewable Energy and Improved Utility Performance Project (Inglês)

The development objectives of the Renewable Energy and Improved Utility Performance Project for Cabo Verde are to: (i) increase renewable energy generation; and (ii) improve the performance of the electricity utility in Cabo Verde by leveraging private finance. The project comprises of three components. The first component, renewable and efficient electricity service consists of following sub-components: (i) small-scale variable renewable energy integration; and (ii) resilient and efficient electricity services to public health facilities. The second component, advisory services for electricity sector restructuring and privatization objectives are to reduce the fiscal burden of the energy sector on the public sector and reduce system losses through improved management. The third component, project implementation support and technical assistance will provide support for the preparation and implementation of the project as well as to National Directorate of Industry, Commerce, and Industry (DNICE) to improve power system planning capabilities for the implementation of the master plan for the power sector in the context of the restructuring and privatization of Electricity and Water Company (ELECTRA). It consists of following sub-components: (i) project implementation support; and (ii) technical assistance and capacity building.

Detalhes

  • Data do documento

    2021/10/25

  • TIpo de documento

    Documento de avaliação do projeto:

  • No. do relatório

    PAD3778

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Cabo Verde,

  • Região

    Africa West,

  • Data de divulgação

    2021/11/15

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2021-11-15T00:00:00Z

  • Nome do documento

    Cabo Verde - Renewable Energy and Improved Utility Performance Project

  • Palavras-chave

    International Centre for Settlement of Investment Disputes; Global Facility for Disaster Reduction and Recovery; utility performance; climate change and disaster risk; Environmental and Social Management Plan; Environmental and Social Management Framework; Transportes Aereos de Cabo Verde; Environmental and Social Impact Assessment; Economic Internal Rate of Return; fossil fuel for electricity generation; small and medium enterprise; transmission and distribution network; information and communication technology; Transmission and System Operator; economic and financial analysis; cost of power generation; Board of Executive Directors; community health and safety; Occupational health and safety; vulnerability to climate change; Electricity and Water Utility; monitoring and evaluation arrangement; Public and Publicly Guaranteed; local private operators; solid waste management plan; state-owned enterprise; legal and regulatory framework; commercial loss; power sector reform; renewable energy generation; renewable energy source; net present value; renewable energy capacity; electricity sector; electricity service; cost of energy; Development Policy Financing; nationally determine contribution; foreign direct investment; Corporate Results Indicator; source of financing; independent power producer; cost of electricity; renewable energy penetration; Grievance Redress Service; Private Sector Growth; demand for electricity; heavy fuel oil; investment and development; infrastructure investment plans; power generation company; million people; international oil price; due diligence assessment; supply of electricity; capacity for implementation; distribute renewable energy; risk category; long-term climate change; Global Infrastructure Facility; penalties for noncompliance; settlement of dispute; renewable energy resource; privatization of generation; value added tax; household energy need; power generation mix; health care facilities; combination of factor; human development indicator; opportunity for woman; labor force participation; lack of time; lack of finance; lack of knowledge; sea level rise; climate-related shock; guarantees for loan; health care facility; coastal flood hazard; Access to Electricity; power generation capacity; low energy intensity; substitution of diesel; distributed energy generation; solar energy system; stock of debt; per capita term; expansionary fiscal policy; electricity demand growth; provision of guarantee; level of consumption; renewable energy development; economies of scale; purchasing power parity; global financial crisis; total debt stock; real estate company; european investment bank; quality of delivery; state of emergency; affordability of energy; Resettlement Policy Framework; power transmission line; Investment Project Financing; resettlement action plan; solar power plant; Finance for Development; renewable energy integration; power generation facility; Energy Sector; condition precedent; fiscal risk; Advisory services; electricity tariff; public debt; electricity utilities; installed capacity; tourism sector; thermal generation; ghg emissions; distributed generation; fiscal finance; Clean Energy; fiscal deficit; Exchange Rates; public financing; loss reduction; energy mix; tariff reduction; net result; buy back; public entity; resilient infrastructure; mitigation strategy; bulk power; grievance mechanism; successful privatization; social housing; investment facility; sectoral regulation; commercial performance; governmental action; rural area; affordable electricity; economic empowerment; stakeholder engagement; tariff regulation; private finance; renewable generation; electricity price; institutional context; protection program

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