STICHTING WERELD WATERNETStatus: Completed investment
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Who is our customer
Stichting Wereld Waternet
What is our funding objective?
With this EUR 150k grant investment in the SOMAGEP Optimisation Programme, FMO wants to improve operational efficiency, revenue and profitability. FMO funding will be used to make a baseline assessment of utility performance and validate areas for improvement to increase opreational efficiency, revenue and profitability of SOMAGEP. If this is succesful, funding will be provided for the development of a bankable business case and procurement.
Why do we fund this investment?
This project provides access to safe and affordable drinking water, increase of water-use efficiency and expansion of international cooperation and capacity building support ot developing countries.
What is the Environmental and Social categorization rationale?
With our development capital and our involvement we ensure proper environmental, health & safety management during construction and operation of the water supply project. Specific elements taken into account are: affordability, water sourcing (water availability), right of way / land acquisition issues, environmental, health & safety management during construction and operation, need of matching sanitation. E&S risk category for this project is: B+. Applicable IFC PS: 1 (assessment and management), 2 (labor conditions), 3 (pollution and resource management), 4 (community health & safety), 5 (land acquisition and resettlement). Potentially applicable: IFC PS 6 (biodiversity). IFC PS 7 (indigenous peoples) and 8 (cultural heritage) are not expected to be triggered due to the urban location of the project. All of this will be further assessed during the project development stage.
- Website customer/investment
- Infrastructure, Manufacturing and Services
- Effective date
- End date
- Total FMO financing
- EUR 0.15 MLN
- Development Accelera