In 2019, the FMO Project and Partnership Development team contracted five new projects with a value of EUR 1.6 million in the agri-food, water and renewable energy sectors. A total of EUR 0.6 million was disbursed during the year for projects in Ethiopia, Indonesia, Myanmar and Zambia. At year-end PDF had seven active projects in portfolio amounting to EUR 2.0 million.
The Flying Swans consortium identified four projects in Ethiopia and six in South Africa that will move to the feasibility phase. The project portfolio in Tanzania is still in the pre-feasibility phase. The consortium received EUR 1.2 million in funding from PDF for project development during the year.
The total fund capital anticipated to be available for PDF for the period 2017-2022, is approximately EUR 14.6 million and will depend on the cash flows coming from FOM-OS. EUR 6.9 million is available for the project development activities and reimbursement of management costs for FMO-NL Business. EUR 7.7 million is available for the project development activities of the Flying Swans Consortium.
In 2019, a major milestone was the successful finalization of the feasibility phase for a water supply project in Myanmar. The project will now move to the financing phase where a consortium of Dutch companies will both construct and finance the project.
Overview new projects 2019:
Gula Gula Food Forest (Indonesia)
Development capital was provided to Co2 Operate B.V., a Dutch social enterprise that has succesfully restored 200 hectares of degraded forest in Sumatra financed by carbon off setting revenues. The project brings back tree cover to restore ecosystem functions on the degraded slopes, including increased water catchment and reduction of sedimentation. The funding provided by the DA is used for the business plan preparation to scale-up to 5,000 hectares.
Kafue Wastewater Treatment Plant (Zambia)
In partnership with WWF, bankable projects will be identified that promote green industrial wastewater solutions in Zambia. The aim is to match the projects with interested Dutch technology providers.
Industrial Wastewater Treatment Plant (Myanmar)
In partnership with WWF, bankable projects will be identified that promote green industrial wastewater solutions in Myanmar. The aim is to match the projects with interested Dutch technology providers.
Tidal Energy for Development (Indonesia)
Development capital was provided to Tidal Bridge B.V. to conduct a feasibility study for a tidal energy bridge between the islands of Flores and Adonara in Indonesia. The bridge will improve the standard of living and the self-sufficiency of the region, by providing easier access to markets, healthcare and education. Besides the social impact, the floating bridge will produce renewable tidal energy for the local communities.
Groundwork Ethiopia (Ethiopia)
Development capital was provided to DSM International B.V. to establish a partnership with a reputable local company in Ethiopia for the production of fortified nutritious food for children and mothers to combat malnutrition. The funds are used to hire on-the ground external staff to work on project operational, technical and commercial viability of the partnership, stakeholder management and preparation of any partnership agreements.