Renewable Energies and Energy Efficiency Improvement in Public Services Project

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Project ID: P170236

Renewable Energies and Energy Efficiency Improvement in Public Services Project

Project Area

Energy

MANAGEMENT UNIT

Special Projects Management Unit

Date of entry into force

15/11/2021

Closing Date

31/12/2026

State

In progress

Total Value

$16,500,000.00 (USD)

1.666.500.000,00 CVE

Initial Value

$16,500,000.00 (USD)

1.666.500.000,00 CVE

Additional Value

$0.00 (USD)

0,00 CVE

% Execution

Objetive

The Renewable Energy and Improved Energy Efficiency in Public Utilities Project aims to increase renewable energy production and improve the performance of the electricity sector in Cabo Verde by leveraging private financing.

Description

This project fits within the Renewable Energy penetration targets defined in the Energy Sector Master Plan 2018-2040 approved by the Government, of 30% by 2025 and more than 50% by 2030. In this context, the Government of Cabo Verde has negotiated with the International Development Association (IDA) of the World Bank Group its financing for a total amount of USD 16,500,000 (sixteen million US dollars).

Components

Title Purpose Objetive Beneficiaries Amount in USD

Component 1: Renewable and Efficient Electricity Service

This component aims to finance investments to integrate renewable energies

$12,500,000.00 (USD) 1.262.500.000,00 CVE

Support for the Integration of Variable Renewable Energy on a Small Scale

This subcomponent will fund the development of the following small-scale solar photovoltaic energy and will also support the reduction of gender disparities in Cabo Verde, particularly the gap in women's employment in the energy sector.

$10,500,000.00 (USD) 1.060.500.000,00 CVE

Provision of resilient and efficient electricity service to public facilities Consulting Services for the Restructuring and Privatization of the Electricity Sector

This subcomponent will finance public investments in rooftop solar photovoltaic systems and energy efficiency in public health buildings, including public hospitals and health centers

$2,000,000.00 (USD) 202.000.000,00 CVE

Component 2: Consulting Services for Restructuring and Privatization of the Electricity Sector

This component aims to reduce the tax burden of the energy sector on the sector

$2,000,000.00 (USD) 202.000.000,00 CVE

Component 3: Project Implementation Support and Technical Assistance

This component aims to support the Special Projects Management Unit (UGPE)

$2,000,000.00 (USD) 202.000.000,00 CVE

Project preparation and implementation support

This subcomponent's objective is to support incremental expenses related to project preparation and implementation

$1,500,000.00 (USD) 151.500.000,00 CVE

Technical assistance and training

This subcomponent has the objective of providing technical assistance to DNICE, linked to the Ministry of Industry, Commerce and Energy

$500,000.00 (USD) 50.500.000,00 CVE

Indicators

Project Objective Indicators

Increase renewable energy generation

Unit Baseline Final Target

Built or rehabilitated power generation capacity (CRI, Megawatt) 0.00 3.90

Installed renewable energy capacity as small-scale solar photovoltaic plants Megawatt 0.00 3.30

Installed renewable energy capacity as distributed solar photovoltaics Megawatt 0.00 0.60

Net greenhouse gas (GHG) emissions CRI, Metric tons/year 0.00 5000.00

Improve the performance of the electric utility

Unit Baseline Final Target

Power system losses reduced percentage 26.10 18.00

Net greenhouse gas (GHG) emissions CRI, Metric tons/year 0.00 4000.00

Project Component Indicators

Component 1: Renewable and Efficient Electricity Service

Unit Baseline Final Target

Small-Scale Power Plants operational number 0.00 4.00

Power lines built Kilometers 0.00 7.10

Operational energy storage facilities yes/no no yes

Renewable energy generated annually by small-scale solar power plants MWh/year 0.00 5781.00

Generated annually by distributed generation MWh/year 0.00 1000.00

Women employed for O&M services of distributed generation percentage 20.00 30.00

Females employed for distributed generation O&M services percentage 0.00 30.00

Jobs created number 0.00 215.00

Permanent jobs created number 0.00 45.00

Jobs for women number 0.00 26.00

Component 2: Consulting Services for Restructuring and Privatization of the Electricity Sector

Unit Baseline Final Target

New power generation company built yes/no no yes

New electricity distribution company established yes/no no yes

New state single buyer / established transmission system operator yes/no no yes

Private Capital Mobilized Amount USD 0.00 35000000

Technical assistance and capacity building provided to the new TSO/SB yes/no no yes

Component 3: Project Implementation Support and Technical Assistance

Unit Baseline Final Target

Final ESS studies prepared for all infrastructure investments yes/no no yes

Technical specifications prepared for all infrastructure investments yes/no no yes

Technical assistance and capacity building provided to ARME yes/no no yes

Technical assistance and capacity building provided to MICE / DNICE yes/no no yes

Complaints received and handled through the project's Complaint Redress Mechanism within the specified timeframe percentage 0.00 90.00

Beneficiary Entities

MICE - Ministry of Industry, Commerce and Energy

ARME - Multisectoral Economic Regulation Agency

CERMI - Cabo Verde Renewable Energy Center

Public Services

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