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NDB PADGO

Sector: Oil and Gas • Location: Sri Lanka

Source: International Finance Corporation (IFC)

Project
Completed

The project supports the CES managed PADGO (Portfolio Approach to Distributed Generation Opportunities) project with a risk sharing facility (RSF) to assist local banks increase their exposures to renewable energy (RE) projects. PADGO’s objective is to improve access to cleaner and more reliable sources of energy for underserved populations and is currently piloted in Sri Lanka. The projec

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The project “NDB PADGO” is an infrastructure initiative in the Oil and Gas sector, located in Sri Lanka. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

_x000C_ The project supports the CES managed PADGO (Portfolio Approach to Distributed Generation Opportunities) project with a risk sharing facility (RSF) to assist local banks increase their exposures to renewable energy (RE) projects. PADGO’s objective is to improve access to cleaner and more reliable sources of energy for underserved populations and is currently piloted in Sri Lanka. The project would help National Development Bank PLC (NDB or the Bank) to: - free up capital for funding new RE projects, and - consider loans for RE projects involving technologies new to Sri Lanka (including wind projects). In addition to the investment project, there is intended to be a comprehensive technical assistance program to support the objectives of the project, which will be focused on the RE sector and participating financial institutions.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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