4th Growth and Resilience Dialogue with Social Partners Presentation

ASPIRE: Structure and Impact of Concessional Funding on the Project

1.Technical Assistance support to GoM (US$1.75 million) • Project management and implementation support • Pipeline development • Capacity building and knowledge sharing • Enabling private investment in PV (e.g. regulations)  Increase ability to plan and prepare renewable projects

2. Structuring and Delivery of Tariff Buy Down for subprojects (US$6 million)  Reduce tariffs and east renewable inclusion

3. Security Package (US$19.9 million) US$3.9 million of SREP + US$16 million of IDA guarantees to: (i) Backstop payment delays under PPAs; and (ii) Termination caused by GoM  Mitigate payment risk – a key risk identified under the market sounding exercise