VITENS-EVIDES INTERNATIONAL B.V.
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Vitens Evides International B.V. (VEI) is one of the Dutch promotors and implementors of Water Operator Partnerships (WOPs). WOPs are peer-support partnerships between water and sanitation utilities aiming to share knowledge and skills to make utilities stronger, healthier and more resilient. WOPs work through peer-to-peer exchange of skills, knowledge and goodwill to build the capacity of a utility that requires assistance. Established in 2004 by Dutch water operators, VEI has developed into an effective organisation with a stable annual turnover of € 20 million that is engaged in the implementing WOPs with dozens of water operators in over 20 countries worldwide, capacitating hundreds of employees from water utilities, and providing over 300,000 people with improved access to water services, mostly from low-income areas in Africa, Asia and South America.
What is our funding objective?
FMO provides a EUR27.5K grant to VEI to co-finance a pre-feasibility study for the upgrade and expansion of the water networks of NAWASSCO and NARUWASSCO in Nakuru County, Kenya.
Why do we fund this investment?
FMO funds this project in order to (i) support the last-mile connectivity, connecting low-income areas to the water network (ii) upgrading the current water supply network, to reduce non-revenue water losses (iii) open up business Dutch trade opportunities.
What is the Environmental and Social categorization rationale?
E&S category: A/B+ (final category to be determined during upcoming E&S assessment process). Applicable IFC PS: 1 (assessment and management), 2 (labor conditions), 3 (pollution and resource management), 4 (community health & safety). PS 5 (land acquisition and resettlement), 6 (biodiversity), 7 (indigenous peoples) and 8 (cultural heritage) are not expected to be triggered due to the urban location of the water distribution project. However, PS 5 (resettlement) could be applicable due to the link to Itare Dam which could be considered an associated facility (to be confirmed). Risks are expected to be well managed due to early FMO involvement. Opportunities for positive contributions with respect to the dam will be investigated.
- Region
- Africa
- Country
- Kenya
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/25/2018
- End date
- 12/21/2020
- Total FMO financing
- EUR 0.03 MLN
- Funding
- Project Development Fund