Release date: 22 March 2011
Promoter – Financial Intermediary
Investec Bank Limited
Location
Description
The project will support small and medium scale investments in renewable energy and energy efficiency in South Africa.
Objectives
The operation will support the objectives of the South African Government to increase the share of renewable energy generation and enhance the efficiency of energy use.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 100 million
Environmental aspects
The overall purpose of the operation is to improve the global environment by supporting projects that help to mitigate climate change. If located in the EU, many of the project schemes would likely fall under either Annexes I or II of the EIA directive (97/11/EC), which would require, respectively, a mandatory EIA or allow the competent authorities to determine the EIA requirements. The schemes to be selected for funding shall comply with EIB social and environmental standards.
Procurement
It is likely that for most of the projects financed public procurement is not applicable. The Bank will review systems and procedures applied by the financial intermediary (FI) during appraisal, in order to ascertain the FI's ability to verify the adequate implementation of the Bank’s Guide to Procurement (Guide) in the projects. The Bank will verify compliance with the Guide.
Status
Signed - 28/10/2011
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).