Release date: 28 April 2003
Promoter – Financial Intermediary
SWAZILAND ELECTRICITY BOARD
P.O. Box 258
Mbabane
Swaziland
Location
Description
The purpose of the project is to utilise the hydroelectric potential from a large recently constructed irrigation dam, thereby providing additional domestic electricity production capacity, partly during peak hours, to the power system. The project is located on the Komati River, near the town of Pigg’s Peak in northwestern Swaziland.
Objectives
To reduce Swaziland’s dependence on power imports, as well as assisting in developing renewable energy resources.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 7m
Environmental aspects
A Comprehensive Mitigation Plan was established and implemented for the construction of the dam itself, which included public consultation, resettlement and substantial compensation to the people affected. The incremental environmental impact of the hydropower project is considered very limited, with any necessary mitigation measures being taken. Compliance Certificates will be issued by the Swaziland Environment Authority once these measures are implemented.
Procurement
The project will be subject to international bidding published in the Official Journal of the EC in accordance with the Bank’s rules.
Status
Signed - 18/06/2003
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).