Technical assistance

Project preparation

Debt, guarantees and mezzanine

Technical Assistance Facility (TAF)

Providing grants to help PIDG companies overcome specific development obstacles

Achievements in 2017

TAF approved 22 grants totaling $4.7m, making 2017 the second most active year in its history. TAF continues to be a crucial partner to the PIDG companies with nearly two-thirds of completed grants providing essential support to financially closed projects, including almost all of those taken to closure by the two InfraCos.

TAF supported four projects in Myanmar, a country where levels of access to basic infrastructure remain low. It funded the designs of bankable models for rural solar power generation, private urban water supply and commercially financed urban street lighting.

Other notable highlights

TAF continued to work with DevCo during the year on its joint development plans for selected pilot countries. TAF provided additional support to an embedded transaction adviser in Zambia, managed by TAF and DevCo.

Funding limitations in 2017 meant that no viability gap funding (VGF) grants were approved, however TAF worked with InfraCo Africa on the design of a grant to support the ground-breaking Corbetti Geothermal scheme in Ethiopia, expected to reach closure in 2018.

2018 and beyond

TAF plans to take a more programmatic approach to its work in 2018. The groundwork for this was established in 2017 with a special DFAT-funded project scoping study in the Pacific Island countries, managed directly by TAF, and expected to lead to a series of on-going activities.

TAF will build on its partnership with GuarantCo and the success of InfraCredit to support credit enhancement facilities in selected countries, including Pakistan. TAF will also support a programme to assist PIDG companies with the implementation of improved health and safety standards developed during 2018.

 

Annual Report
2017