Assessment of IFC Investments in the Electricity Distribution Sector – Moldova, Georgia, and Uganda

VIS, in partnership with E3 Modelling, was commissioned by the International Finance Corporation (IFC) to estimate the impact of IFC’s investments in the electricity distribution sector in Moldova, Georgia, and Uganda. The study aimed to define the role of the distribution subsector in the broader electricity market and national economies, assess the contribution of IFC’s engagements, and analyze the turnaround of three distribution companies across different environments to extract lessons for future projects.
VIS developed a theory of change framework to map the economic impact channels, conducted in-country missions and structured stakeholder interviews, and modeled the macroeconomic impacts—including GDP, employment, and greenhouse gas emissions. The study also identified key factors necessary to attract private sector investment in distribution networks. The methodologies created are designed to be applicable for assessing distribution sector investments in other countries.