Enhancing access to power is a key priority for IFC and the wider World Bank Group. An estimated 1.2 billion people live without electricity, almost all of them in developing countries and nearly half in Africa. For those who do have access, supply is often irregular and expensive making studying, charging cell phones or cooking much more difficult. Firms in developing countries cite electricity access more frequently than any other obstacle to doing business.
IFC finances electricity generation, transmission and distribution investments across a range of technologies with a focus on natural gas and renewable energy such as solar, wind and hydro. We have financed more than 320 power projects in over 60 countries representing over 33,000 megawatts (MW) of generation capacity.