Release date: 12 March 2015
Promoter – Financial Intermediary
OMNICANELocation
Description
Installation and operation of a carbon burn-out facility for coal ashes to convert coal fly and bottom ashes into additives for portland cement. This is an innovative waste-management project to address the problem of ash disposal in Mauritius.
Objectives
The key objective of this operation is to transform waste into a valuable input to another process, which would offer substantial environmental benefits avoiding the disposal/landfilling of ashes which cannot be sustained in the long term due to the decreasing availability of space.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
EUR 22 million
Environmental aspects
The local environmental competent authority required the promoter to execute an environmental impact assessment (EIA). The position in respect of national legislation will be confirmed at appraisal.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.
Status
Signed - 27/11/2015
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).