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Reference: 20100423
Release date: 22 March 2011

Promoter – Financial Intermediary

Investec Bank Limited

Location

Description

The project will support small and medium scale investments in renewable energy and energy efficiency in South Africa.

Objectives

The operation will support the objectives of the South African Government to increase the share of renewable energy generation and enhance the efficiency of energy use.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 100 million

Environmental aspects

The overall purpose of the operation is to improve the global environment by supporting projects that help to mitigate climate change. If located in the EU, many of the project schemes would likely fall under either Annexes I or II of the EIA directive (97/11/EC), which would require, respectively, a mandatory EIA or allow the competent authorities to determine the EIA requirements. The schemes to be selected for funding shall comply with EIB social and environmental standards.

Procurement

It is likely that for most of the projects financed public procurement is not applicable. The Bank will review systems and procedures applied by the financial intermediary (FI) during appraisal, in order to ascertain the FI's ability to verify the adequate implementation of the Bank’s Guide to Procurement (Guide) in the projects. The Bank will verify compliance with the Guide.

Status

Signed - 28/10/2011

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).

Related tags

South Africa Energy