Programme Components and Implementation Approach
The programme is divided into three components with the following target results:
Component 1: Mobilization of national and regional resources to implement sustainable and affordable rural energy solutions
- Target areas, stakeholders and financing opportunities identified for developing sustainable and affordable rural energy solutions through result-based financing.
Component 2: Support to renewable energy based rural energy access projects
High impact village-level (or otherwise scaled-up) projects/schemes successfully implemented benefitting poor people living in remote areas without access to energy.
Improved capacity within communities to plan, implement and operate/maintain renewable energy systems and ensure sustainable operation of the investments implemented within the programme.
Component 3: Capacity building and regional knowledge exchange
- Improved capacity within the sector agencies to facilitate private-sector participation in providing sustainable and affordable rural energy products and services through result-based financing.
The EEP funding mechanism will be further developed into a Result-Based Financing (RBF) instrument that provides incentive payments, on the basis of results achieved, to businesses and other project developers/implementers that deliver pre-specified outputs within the sustainable energy access sector.
Calls for proposals will be organized to select projects that have a large number of beneficiaries and have also secured sufficient own funding.
Through the funded projects the EEP Mekong generates and disseminates best international practices of feasible energy delivery, inclusive business models for sustainable rural energy solutions to inform policymakers and encourage them to replicate the models in other similar areas. Strong emphasis is given to promote productive uses of energy to increase affordability of the renewable energy systems, as well as to regional knowledge- sharing and capacity-building.
The implementation approach/strategy is based on the following principles: