We help develop infrastructure projects that provide essential services in emerging markets— including electricity, telecommunications, transportation, water and sanitation— in partnership with the private sector.
Learn more about IFC's work in Infrastructure.
IFC committed a financing package to FRV, a Spain-based utility-scale solar power developer, for the development of the 55-megawatt Masrik power plant facility, the first utility-scale solar power plant in Armenia and in the Caucasus. IFC’s package, which consists of an $9 million loan from IFC’s own account and an $9 million loan from the Finland-IFC Blended Finance for Climate Program, is part of a $35 million debt financing package which also includes a $18 million long-term loan from the EBRD. The project will also receive a €3 million investment grant from the European Union, mobilized by the EBRD. IFC’s investment will boost Armenia’s supply of renewable energy and help reduce the country’s reliance on imported fuels, thus improving energy security and lowering generation costs. The project is expected to displace the release of 40,000 tons of carbon emissions annually.
IFC arranged a €303 million financing package to Eranove, a French industrial group that manages several water and electricity assets, for the construction and operation of a new 390MW natural gas fired Atinkou power plant located west of Abidjan, Côte d’Ivoire. The new power plant will use highly efficient combined-cycle turbine technology, substantially contributing to reducing Côte d’Ivoire’s generation costs and GHG emissions. IFC’s investment will help to provide affordable power to thousands of homes and businesses in Côte d’Ivoire, while replacing older and less efficient power plants in the country and contributing to its goal of transitioning to greener electricity production.
IFC committed a financing package for a landmark waste-to-energy project supported by 3 sponsors: Suez, a French utility company and a global leader in the water treatment and waste management sector; Marguerite Fund II, a pan-European independent equity fund; and Japan-based Itochu Corporation. The project will clean up the Vinča landfill in Serbia and construct a new, sustainable waste-management complex to help reduce pollution and mitigate climate change. The package includes an A loan of up to €72 million; a parallel loan from OeEB of up to €35 million; a B loan of up to €35 million; and a concessional senior loan of up to €20 million from the Canada-IFC Blended Climate Finance Program as part of a wider package that includes an EBRD loan of up to €128 million. IFC’s investment will help to improve the quality of waste management services provided to residential and commercial users in Belgrade and generate energy from a renewable source, resulting in significant environmental benefits.