CnC-Ngonye Hydro

pending

 IFC, a member of the World Bank Group (“WBG”), together with representatives of Western Power Company Limited (“WPC”), a limited liability company established under the laws of Zambia ,are collaborating on the development of the Ngonye Falls hydropower project, a 180MW run-of-river hydroelectric power project on the Zambezi River in the West Province of Zambia (“Project”). WPC is expected to be the lead developer of the Project and will work together with IFC as co-developer. The Project would increase Zambia’s hydropower generation capacity and access to electricity in the Western Province of Zambia. The collaboration between WPC and IFC will seek to develop a bankable payment security mechanism for the Project. This collaboration would focus on ensuring that payment risks relating to the Project are mitigated as much as possible.