• Press Release
  • |
  • Jun 09, 2017

CIF and IFC Support Mozambique’s First Utility Scale Solar Power Plant to Address Energy Gaps

J Sibanda 

 IFC, a member of the World Bank Group, today announced a landmark financing package of $55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes $19 million from IFC’s own account, $19 million from Climate Investment Funds, and a syndicated loan of up to $17 million.