Project Preparation Facility
Who can apply for Project Preparation Facility?
Publicly available resources…. Who can apply?
The production of these resources willbedriven by unmet market needs. Governments, development partners, and industry associations can approach the PPF for support in addressing these gaps.
What does it cover?
The PPF supports the funding and development of publicly available resources to strengthen the DRE and clean cooking ecosystem.
These include:
• Geospatial mapping and planning platforms
• Country briefs with market insights for companies considering expansion
• In-depth market assessments for specific technologies in unserved and underserved areas
• Matchmaking support between
suppliers and distributors, especially in nascent markets and for emerging product categories such as productive-use equipment
In addition, the PPF offers pre-application support to companies preparing proposals. This may involve tailored guidance, capacity-building, and awareness-raising activities delivered through webinars, workshops, or other appropriate formats.
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Roster of experts (consultants) providing on-demand specialized project preparation and business development services … Who can apply?
DRE and clean cooking companies operating in the AFE region and meeting eligibility criteria.
What does it cover?
The facility will have a roster of consultants to deliver specialized services deemed critical to unlocking finance for companies (especially equity and debt). These services may include:
• Feasibility or other investment-grade studies
• Support to digitize companies’ operations
• Support to improve credit risk management
• Legal services to support transactions
• Financial reporting and ESG requirements for potential investors
• Carbon finance project preparation
The roster of experts will also include consultants who understand the challenges of, and can work effectively with, women-owned and youth-owned businesses.
Both the roster of experts and the list of services will be updated periodically based on feedback from the sector.
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Grants for project preparation and business development …Who can apply?
DRE and clean cooking companies operating in the AFE region and meeting eligibility criteria.
What does it cover?
Grants for Specific Activities
For activities not covered by the roster of consultants, grants will be made available for companies to use on eligible activities critical to raising equity and debt. These may include:
• Conducting feasibility studies
• Integrating software solutions
• Testing a new product or technology
• Hiring key staff essential for unlocking investment
Key features:
• Requests endorsed by investors or financial advisors (i.e., those that help mobilize or advance investment) will be prioritized.
• Grant disbursement will be milestone-based.
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Grants to industry associations and investors providing project preparation and business development services ,,Who can apply?
Industry associations and investors providing project preparation and business development services to DRE and clean cooking companies in the AFE region
What does it cover?
In addition to companies, other stakeholders (such as industry associations and financiers) can apply for grants to deliver project preparation and business development services to companies, provided these are complementary to the PPF facility and targeted to ASCENT eligible companies in eligible countries.
Grants may also be used by investors and lenders to cover:
• Their own core transaction costs
• Due diligence-related costs
…provided this facilitates investment in ASCENT eligible companies in eligible countries.
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Support to national agencies and cross-border solutions Who can apply? National and cross-border bodies or agencies in the AFE region developing DRE and clean cooking projects with private sector-participation. • Support to national agencies • Support to cross-border solutions This mechanism willalso be: • Demand driven • Application based It will be further developed in close coordination with the “Advisory support to governments” window under the COMESA Regional Energy Access Acceleration Platform
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