IFC to support execution of 40 MW solar project in Afghanistan

IFC, a member of the World Bank Group, has signed a landmark agreement with the government of Afghanistan to design a 40 MW solar power plant that will more than double the country’s current solar energy capacity. 

The agreement will see IFC’s PPP advisory experts supporting the government to design and competitively tender the project, helping attract solar companies to develop the solar photovoltaic power plant. IFC’s work with the government will be funded by the UK Department of International Development through DevCo, a multi-donor facility affiliated with the Private Infrastructure Development Group, and by the Global Infrastructure Facility.

The Government of Afghanistan has an ambitious program to develop 2,000 MW of solar power to boost the nation’s supply of electricity and will work with IFC on an initial 40 MW solar plant that will develop a new model for subsequent solar projects, helping the country more rapidly reach its 2,000 MW goal.