corporate_banner_en

KHI SOLAR ONE TOWER PROJECT

Projects
Regions
European Union
Enlargement countries
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Maximizing synergies
Financing & advisory services
Loans
Private equity
Advisory services
FEMIP Support Package
Procurement for TA operations
How to apply
Trust Fund
Technical advisory
Private equity
Organisation and staff
FEMIP Internship Programme
FEMIP Secondment Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Examples of EPTATF Operations
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Activities
Financial instruments and advice
Climate Mainstreaming
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Process and methodology

KHI SOLAR ONE TOWER PROJECT

  •  Reference: 20100589
  •  Release date: 02 May 2012
Promoter – Financial Intermediary

The project promoter is a private Spanish multinational company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste. The promoter is a market leader in most of these sectors, has an extensive track record and an international presence in over 70 countries across all continents. A South African pre-eminent development finance institution, whose role is to foster private sector development in South Africa, will jointly sponsor the project.

Location
Description

Construction and operation of a greenfield solar power tower with a 50 MW net power-generating capacity.

Objectives

Khi Solar One is a 50 MW steam receiver power tower concentrated solar power (CSP) plant with approximately two hours of steam storage and will have an overhead tie-line connection to the grid. The project will be located approximately 15 km south-west of the town of Upington in the Northern Cape province in South Africa.

Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Sector(s)
Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 332 million

Environmental aspects

If the project were located in the EU, it would fall under Annex II of the EIA Directive (85/337/EEC) as amended, requiring the competent national authority to determine the need for an Environmental Impact Assessment (EIA). Under South African Law, the project requires a mandatory EIA including initial scoping and public consultation. During appraisal, the Bank will ensure that the project complies with the Bank’s principles and standards as regards environmental and social issues.

Procurement

The project has followed private procurement rules and the main contractors and suppliers have already been selected. However, the South African power sector is not liberalised and access to the electricity market is only possible through specific tendering procedures. The Bank will appraise the procurement process followed to confirm compliance with the Bank’s Guide to Procurement.

Status

Signed   -   05/11/2012.

Related Documents
  • 02-05-2012 - Environmental Impact Study (EIS) EN

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).



 Print
Copyright © European Investment Bank 2013
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/pipeline/2010/20100589.htm