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7/31/2019 Husain Mugaibel - IsDB's Approach to Sustainable Energy Financing
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I s l a m i c D e v e l o p m e n t B a n K 1
Overview of Islamic Development Bank
Established in 1975 to foster socio-economic
development in Member Countries A Unique Model ofSouth-South Cooperation
Global MDB: Membership 56 Countries spread
over 4 continents
Total Assets : US$ 14.2 billion
Authorized Capital : US$ 47.0 billion
Paid-up Capital : US$ 6.3 billion
Rated: AAA Rating by Moodys, Fitch
and S&P. Zero-Risk Rating by the EU
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I s l a m i c D e v e l o p m e n t B a n K 2
Islamic Development
Bank (IsDB)Foster the economic
development and
social progress of MCs
and Muslim
communities.
International Islamic
Trade Financing
Corporation (ITFC)Promote and enhance
intra-trade and trade
cooperation through
trade finance and
promotion programs
Islamic Corporation
for the Development
of the Private Sector
(ICD)Promote development
of private sector
development.
Islamic Research &
Training Institute
(IRTI)Undertake applied &
basic research in
Islamic Economics and
Finance.
Islamic Corporation
for Insurance of
Investment &
Export Credit (ICIEC)Provide export credit
insurance, political risk
insurance, technical
assistance.
The IDB Group
Islamic Banking Compliance
1975 19811994 19992008
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I s l a m i c D e v e l o p m e n t B a n K 3
Overview of Islamic Development Bank
2008 2009 2010 2011
Net approvals of IDB GroupUS$78 billion by end-1432H/2011G
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I s l a m i c D e v e l o p m e n t B a n K 4
IDB Active Energy PortfolioSectoral Distribution
Equator
35o N
35o S
Generation -
Conventional
46%
Generation -
Renewables
16%
Transmission &
Distribution
30%
Other
8%
41%
35%
10%14%
Asia
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I s l a m i c D e v e l o p m e n t B a n K 5
IDB Energy Policy in the making
Infrastructure
Strategic Plan2009-12
IDB Vision
2020
Regional
Energy
Interventions
National
Energy
Interventions
Energy Sector
Policy
Country
Programming(MCPS/Energy)
Member Countries Needs & Priorities
Building on existing strengths but greater focus on:# Energy Poverty
# Sustainable Energy Development (RE & EE)
# Knowledge Services
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I s l a m i c D e v e l o p m e n t B a n K 6
Renewables to address Energy Poverty
Energy
For Basic Needs
Energy Infrastructure
For Economic Growth
Off-Grid
Electrification
Mini Grids
Regional
Cooperation
Access to
the GridT&D
Infrastructure
Generation
Infrastructure
Home-based
Systems
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I s l a m i c D e v e l o p m e n t B a n K 7
Recent InitiativesReverse Linkage on RE for the Poor
First Workshop in Feb 2012 in Jeddah
RE Experts Exposure Visit to Turkey in Sept 2012
Interventionsto strengthen
cooperation
Sharing
knowledge,experiences
and best
practices
Strategic
cooperationleading to
economic
integration
IsDB 6 SSA MCsTurkey
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Financing PartnershipsMulti-Country Regional Funds
Ex: Arab Financing Facilityfor Infrastructure (AFFI)
IsDB, WB, IFC
MENA region
Public and private windows for infrastructure funding
Technical Assistance Facility (TAF) for PPP
Growing awareness on Sustainable Energy Development in theMENA Region
- Commitments to RE and EE
- Solar for desalination
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ICD Central Asia RE Fund in the makingInvesting in a Portfolio of RE Assets
Investment in infrastructure
development as well as
corporate private equity
Investment in Small Hydro,
Geothermal, Biomass, Wind
Farms and Solar Plants
Investment in companieswhose core activity is to
provide renewable energy
related products and services
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IDB Energy Financing
Public Financing by IsDB (sovereign guarantee) Up to US$ 225 million per project (up to US$ 450
million in multi-tranches)
Very concessional to LDCs (loan): Tenor up to 25
years; administrative fee only during implementation
Other concessional lending: Tenor up to 15 years Grants for TA
PPP financing by IsDB US$ 120 million for PPP
Tenor depends on the project characteristics and
risks, etc. Private sector financing by ICD
http://www.afdb.org/portal/page?_pageid=293,158705&_dad=portal&_schema=PORTAL&focus_item=21062241&focus_lang=us7/31/2019 Husain Mugaibel - IsDB's Approach to Sustainable Energy Financing
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The IDBs Approach
to Sustainable Energy Financing
Islamic Development BankInfrastructure Department
Jeddah, S. Arabia
Website:http://www.isdb.org
http://www.isdb.org/http://www.isdb.org/http://www.isdb.org/http://www.isdb.org/