OCEF definition
Examples of OCEF in a sentence
OCEF will seek to leverage MCC Funding through partnerships with private companies, non- governmental organizations, communities or other entities that demonstrate viable off-grid, clean energy solutions for Benin.
The Off-Grid Electricity Access Project, through the OCEF Activity, will solicit innovative solutions to address the energy deficits of poor and rural communities.
The OCEF Operations Manual will address requirements for the preparation and approval of the assessment and management of environmental and social impacts including the need to comply with the IFC Performance Standards for any project proposed under the OCEF Activity.
The administration of OCEF will be governed by an operations manual, in form and substance satisfactory to MCC, setting forth, among others, eligibility criteria for each OCEF Window (including environmental and gender considerations), requirements for economic rates of return, appropriate governance and implementation structures (including a structure for the selection of projects) and transparency requirements relating to the use OCEF funding (“OCEF Operations Manual”).
In support of the Off-Grid Electricity Access Project, and in addition to the conditions set forth in Annex VI, MCA-Benin II will adopt the OCEF Operations Manual.
Prior to the Disbursement of Program Funding for grants or other funding mechanisms under the OCEF, MCA-Benin II will adopt the OCEF Operational Manual in form and substance satisfactory to MCC.
Unless otherwise agreed by MCC, OCEF will be managed by a competitively procured, independent facility manager (“Facility Manager”).
The Facility Manager will be required to carefully examine the financial and business models for all proposed projects and to select only those that meet established standards established under the OCEF Operations Manual.
Unless MCC otherwise agrees, Off-Grid Tranche Funding will finance the OCEF Activity’s grants for Window Two.
Such model will be designed to ensure minimum technical specifications, quality of service standards, licensing, pricing and contracting arrangements; and • Development of market information, market characterization, outreach to the private sector and sector donors, and community-led engagement on the OCEF (as defined below).