EAST AFRICAN RIFT GEOTHERMAL

Projektträger – zwischengeschaltetes Finanzinstitut

PRIVATE ENTITY(IES)

Ort

• Regionalvorhaben - Ostafrika

Beschreibung

The operation is an envelope for financing individual private sector investments into geothermal power generation projects in different countries in the East African Rift region. Sub-operations under the envelope will undergo individual project appraisals and be separately approved for Bank financing.

Ziele

The proposed envelope will allow the EIB to provide financing to several projects implemented by promoters active in the geothermal power sector in the region. Eligible projects will typically include greenfield development and brownfield expansions, with proven geothermal resources. Investments in geothermal energy will help diversify base load renewable electricity supply in the region and contribute to the reduction in greenhouse gas (GHG) emissions compared to fossil-fuel based alternatives, thereby supporting the sustainable economic development of the East African Rift countries.

Sektor(en)

• Energie - Energieversorgung

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 80 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 500 million

Umweltaspekte

The overall environmental impact and the residual environmental risks of the operation are unknown at this stage and will be assessed at the appraisal of individual projects. Potential adverse impacts for these types of projects include involuntary resettlement, impacts on indigenous peoples, community health, safety and security due to construction activities, working conditions, including worker camps, archaeology and cultural heritage sites, landscape and biodiversity. Gender equality and/or women empowerment will also be assessed where relevant. The Bank will require the Promoter to ensure that implementation of the sub-operations, inclusive of associated power transmission lines, and other associated facilities, will be done in accordance with the Bank's environmental and social policy and standards. Cumulative impacts on project level and the possible need for an overall Strategic Environmental Assessment in a specific region or country will be further assessed.

Auftragsvergabe

The Bank will require the Promoters to ensure that procurement procedures for the sub-operations follow the Bank's Guide to Procurement.

Projektstatus

Genehmigt - 17/06/2021