Clean Technology Fund (CTF) is one of the two funds within the Climate Investment Funds (CIF) providing developing countries with grants, concessional loans, risk mitigation instruments, and equity that leverage significant financing from the private sector, multilateral development banks, (MDBs) and other sources. The African Development Bank (AfDB) is serving as an implementing agency of the Climate Investment Funds (CIF) that will be drawn from the Dedicated Private Sector Program III designed to provide risk-appropriate financing for high-impact, large-scale private sector projects in clean technologies. The Trust Fund Committee of CTF approved $ 10 million concessional senior loan to TMGO on 20 April 2020 as an initiative to support Ethiopia in the deployment of renewable energy and achievement of the National Electrification Plan 2.0 targets.