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Industries > Infrastructure  > Power 
IFC has become a leading international funder of South Africa’s drive to reduce dependency on fossil fuels, and a driver of innovative projects including Concentrating Solar Power energy production.
IFC took center stage in Dubai at the Africa Energy Forum, the continent’s premier annual power industry conference held in June.
Guinea’s marked a turning point in mid-June in efforts to revitalize its power sector, with the signing a management contract for Electricité de Guinée with the Veolia Africa-Seureca consortium.
Scaling Solar brings together several World Bank Group services under a “one stop shop” to help governments mobilize privately funded grid-connected solar projects at competitive tariffs
IFC partnered with Abengoa Solar in South Africa to provide an innovative financing package to support the construction of the region’s first concentrated-solar power plants.


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.


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