Release date: 17 October 2013
Promoter – Financial Intermediary
ESKOM HOLDINGS SOC LTDLocation
Description
Implementation and operation of a 100 MW power plant based on an innovative Concentrated Solar thermal Power (CSP) technology. The project will be located in South Africa and benefit from high solar irradiation levels. The promoter is a large state-owned utility. The project will be jointly financed in cooperation with Clean Technology Fund (CTF), IBRD, AfDB, AFD and KfW.
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.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 856 million
Environmental aspects
If the project were located in the EU, it would fall under Annex II of the EIA Directive (85/337/EEC) as amended, requiring the competent national authority to determine the need for an Environmental Impact Assessment (EIA). Under South African Law, the project requires a mandatory EIA including initial scoping and public consultation. During appraisal, the Bank will ensure that the project complies with the Bank's principles and standards as regards environmental and social issues.
Procurement
During appraisal, the Bank will review the procurement procedures and require that they conform to the main mechanisms of Directive 2004/18/EC and the Bank's Guide to Procurement, as amended.
Status
Signed - 15/05/2014
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).