Project: MCC Senegal Power Compact: Utility performance incentive program
State of development: Current
Stage of development: Early stage
Stage notes: Feasibility/ scoping completed, entering into design
Type of instrument — Impact Bond: No; Outcomes Fund: No; Social Impact Incentives (SIINC): No; Social Impact Guarantee: No; Payment-by-results (no pre-financing): Yes; Technical Assistance and Market-building program: No; Other: 
Part of a larger outcomes-based financing program: No 
Expected launch date: Q2-2023 or later
Total expected project development time: 12-24 months
Expected length of project (years): 2.5
Project design process began: Q4 2022
Role of the domestic government — Outcomes funder: No; Service provider: No; Member of project committee: Yes; No formal role: No; Other: 
Service providers identified and selected — Request-for-proposals: No; Direct contracting by outcome funder/investor/intermediary: Yes; Provider-led deal development: No; Other: State-owned utility is key beneficiary of the broader MCC funding
Feasibility study: Yes
Proposed financing instruments — Debt: No; Equity: No; Guarantee: No; Grant: No; Other: 
Technical assistance grant: Yes — 
Estimated maximum potential outcome payment: 5500000 USD
Social/developmental challenge: Lack of universal, affordable access to electricity in Senegal, which hampers economic growth and contributes to inequality.
Expected intervention model: No specific intervention. The utility company will be incentivized to improve their normal operations of service provision (connecting customers, providing electricity supply, etc.).
Policy sectors — Employment and private sector development: No; Education: No; Social protection: No; Criminal justice: No; Health: No; Agriculture: No; Environment and climate change: No; Water, Sanitation and Hygiene: No; Energy: Yes; Humanitarian: No; Early Childhood Education: ; Other: 
Secondary SDG goals: 7
Target population: Utility clients (further specifications will be provided in the future)
Targeted number of unique service users or beneficiaries: Not known at the moment, but reach should include all the utility clients
Unit type of targeted beneficiaries: Individual
Country income classification of beneficiaries — Low-income: No; Lower-middle-income: Yes; Upper-middle-income: No; High-income: No
Notes: Data for this pipeline project was last updated in April 2022. 
Delivery location: Senegal