Release date: 15 July 2005
Promoter – Financial Intermediary
ZESCO Limited, Stand 6949, Great East Road, Lusaka, Zambia.Location
Description
Rehabilitation of two units at Kariba North hydropower plant in the south of Zambia.
Objectives
Maintenance and increase of electric power capacity by finalising the rehabilitation of two generating units at the Kariba North Bank hydropower station. All four units of this plant were commissioned in 1976/77 and have been undergoing rehabilitation since 2000.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 7.6m.
Total cost (Approximate amount)
non available
Environmental aspects
An EIS was required for the rehabilitation of units 1 and 2 of the power plant. The study was approved by the Environmental Council of Zambia in 1998; this approval also covers the new project, which will increase the capacity of the remaining 2 units by 20% by upgrading the turbines. This will increase output and efficiency, but will not change the management of water resources. The rehabilitation will have no negative impact on the environment; there will be no loss of or damage to lands or property, no displacement of people, and no impact on any sites of nature conservation importance.
Procurement
Open tendering procedures were followed to appoint the turnkey contractor for the ongoing Kariba North project. In order to avoid delays and additional costs he will continue in accordance with the contract with rehabilitation of units 3 and 4. Another contract containing additional elements (such as transformers and cables) will be awarded through open tendering published in the OJEC; EIB would finance the latter contract.
Status
Signed - 9/12/2005
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).