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    Reference: 20100704
    Release date: 17 October 2013

    Promoter – Financial Intermediary

    ESKOM HOLDINGS SOC LTD

    Location

    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).

    Related tags

    South Africa Energy