(b) Requested GCF amount (i) Senior Loans (ii) Subordinated Loans (iii) Equity (iv) Guarantees (v) Reimbursable grants * (vi) Grants * ………………… ………………… ………………… ………………… ………………… 45 ( ) years ( ) years ( ) % ( ) % ( ) % IRR * Please provide economic and financial justification in for the concessionality that GCF is expected to provide, particularly in the case of grants. Please specify difference in tenor and price between GCF financing and that of accredited entities. Please note that the level of concessionality should correspond to the level of the project/programme’s expected performance against the investment criteria indicated in . Total requested (i+ii+iii+iv+v+vi) 45 (c) Financial Instrument Amount Currency Name of Institution Tenor Pricing Seniority 44.3 Million USD ($) AFD 20 years 2.86% or 6% including cost of hedging against foreign currency risk Senior Grant 128.9 Million USD ($) Government of Mauritius (including CEB) Grant 1.78 Million USD ($) UNDP Equity 13.83 Million USD ($) Bus companies Lead financing institution: Agence Française de Développement (AFD) * Please provide a confirmation letter or a letter of commitment in section I issued by the co-financing institution. Co-finance letters are attached to this proposal in Annex IV. B.3. Fee Arrangement
E.2.3. Contribution to regulatory framework and policies Table 9: Contribution of the GCF Programme to Policy and Regulatory Frameworks E.2.4. Potential for knowledge and learning Describe how the project/programme contributes to the creation or strengthening of knowledge, collective learning processes, or institutions. 128. Component 1: The Mauritius Renewable Energy Agency will be a new institution that plays a central role in the energy sector. One of MARENA’s specific roles will be to contribute to the creation and strengthening of knowledge, particularly for private-sector investors so as to promote the nascent IPP sector. 129. Component 2: CEB staff will be technically equipped to strengthen the national grid to be able to accept larger injections of intermittent renewable electricity. SMEs will receive training to enable them to enter the rooftop PV market. Smart meters installed at the grid edge will generate considerable volumes of data that will be transmitted to CEB using internet protocols; this data will be analysed to improve understanding of consumer electricity usage and will inform the modification of CEB’s grid management strategies. 130. Component 3: OIDC staff and other stakeholders on Agalega, as well as OIDC staff on the mainland, will be trained in the installation, management and maintenance of small-island mini-grid systems. 131. Component 4: As highlighted in frequent newspaper articles, there is a pressing need for proper bus management and driving. Training will be organised for bus drivers and bus companies so as to improve fleet management. E.3. Sustainable Development Potential Wider benefits and priorities E.3.1. Environmental, social and economic co-benefits, including gender-sensitive development impact
H.1. Logic Framework. Please specify the logic framework in accordance with the GCF’s and . H.1.1. Paradigm Shift Objectives and Impacts at the Fund level Paradigm shift objectives Please elaborate on the paradigm shift objectives to which the project/programme contributes. Expected Result Indicator Means of Verification (MoV) Baseline Target Assumptions Mid-term (if applicable) Final Fund-level impacts Tonnes of carbon dioxide equivalent (tCO2eq) reduced or avoided as a result of Fund funded projects/ programmes Cost per t CO2eq decreased for all Fund-funded mitigation projects/ programmes Mid-Term and Final Evaluation Reports to have dedicated sections on CO2 emission reductions Digest of Environment Statistics 0 24,240 (direct) 162,400 (direct) 484,800 (indirect) Estimation over lifetime of programme (8 years) and not equipment lifetime CEB meets it target of 185 MW installed capacity during programme lifetime Mid-term is Tonnes of carbon dioxide equivalent (tCO2eq) reduced or avoided as a result of Fund funded Cost per Tonnes of carbon dioxide equivalent (tCO2eq) reduced or avoided as a result of Fund funded Mid-Term and Final Evaluation Reports to have dedicated sections on CO2 emission reductions Digest of Environment Statistics 0 15,250 (direct) 45,616 (indirect) Estimation over lifetime of programme (8 years) and not equipment lifetime. Midterm at end 2019 H.1.2. Outcomes, Outputs, Activities and Inputs at Project/Programme level Expected Result Indicator Means of Verification (MoV) Baseline Target Assumptions Mid-term (if applicable) Final
Project / programme outcomes Outcomes that contribute to Fund-level impacts Institutional and regulatory systems that improve incentives for low-emission planning and development and their effective implementation Legal text Government budget Building and staff contracts No Renewable Energy Agency (MARENA) Legislation Enacted MARENA in operation Government remains committed to establishment of MARENA Proportion of power supply in a jurisdiction or market CEB Digest of Energy Statistics 20% 28% 35% Grid strengthening completed Number of households, and individuals (males and females) with improved access to low-emission energy sources CEB Digest of Energy Statistics 83,000 100,000 129,500 Based on estimate of MW divided by effective capacity of the power system, multiplied by total number of households in Mauritius and Rodrigues (396,335) Number of additional female and male passengers using transport as a result of Fund support. NTA 0 60,000 100,000 New comfortable hybrid semi buses deployed Vehicle fuel economy and energy source as a result of Fund support. NTA / Bus companies 33-38.5 litres per 100km 33 litres per 100km 30 litres per 100km 175 hybrid semi low-floor buses on the road by 2020 Expected Result Indicator Means of Verification (MoV) Baseline Target Assumptions Mid-term Final Project / programme outputs Outputs that contribute to outcomes PHASE ONE (2016-2018) 2015 2017 2018 1.1 Institutional strengthening of the Mauritius Renewable Energy Agency Renewable Energy Agency Act in place Institution staffed by mid-term Legislation available on Supreme Court website Staff contracts No legislation, no staff contracted Legislation voted in Parliament MARENA functioning as a agency Government maintains policy of promoting RE 1.2 Assistance to GCF accreditation for CEB and MEPU MARENA and MEPU submit accreditation requests to GCF Accreditation Documentation No Capacity and training initiated request submitted CEB and MEPU provide full collaboration at different steps and national systems are sufficient to
achieve accreditation Expected Result Indicator Means of Verification (MoV) Baseline Target Assumptions Mid-term Final PHASE ONE (2016-2018) 2015 2017 2018 2.1 Grid strengthened to accept 150 MW intermittent RE Software purchased Battery energy storage system procured Software licence Physical check for batteries No AGC software installed No batteries Grid able to accept 60 MW AGC software and batteries purchased and installed Grid able to accept 100 MW All equipment installed and grid able to accept additional 185 MW Government maintains policy of promoting RE 2.2 Smart grid Smart meters installed in SSDG Phase 3 sites and management measures in place Physical verification and report on installation of the meters No smart meters in Mauritius 3,900 meters installed and capacity building initiated Long-term smart grid strategy developed Government acknowledges the power stability benefits of smart grids and is keen to invest further Expected Result Indicator Means of Verification (MoV) Baseline Target Assumptions Mid-term Final PHASE TWO (2019-2022) 2019 2021 2023 2.3 Support to PV deployment Specifications defined for the calls for proposals Actual MW installed by category (gender- disaggregated data) Calls for proposal documents Annual Report of CEB 2.94 MW PV under Phases 1 and 2 of the SSDG 25 MW utility-scale PV on the grid 14 MW SSDG 65 MW PV utility-scale 27.94 MW SSDG 130 MW PV utility-scale Price of fossil fuels does not fall markedly in the medium-term 3.1 PV mini-grids on the outer island of Agalega Equipment procured and shipped to Agalega Installation of equipment Training programme for OIDC and local inhabitants Tender documentation and installation report Training programme documentation Existing systems are not functional Electricity from diesel generators PV panels and batteries procured and shipped PV systems fully operational and 300 inhabitants supplied with electricity from PV OIDC is able to provide the budget for maintenance and is supported by the Ministry of Ocean Economy Expected Result Indicator Means of Verification (MoV) Baseline Target Assumptions Mid-term Final PHASE ONE (2016-2018) 2015 2017 2018 4.1 Integrating fuel efficiency in the Bus Modernisation Programme Hybrid buses procured by bus operators Physical verification Registration documents Diesel semi low-floor buses being used for bus replacement 50 hybrid semi buses on the road 90 hybrid semi buses on the road Hybrid buses are within the price range