Release date: 24 July 2017
Promoter – Financial Intermediary
ENEL GREEN POWER SPALocation
Description
The construction and operation of an independent 34MW solar photovoltaic (PV) plant under the World Bank Group's Scaling Solar programme, located in the Lusaka industrial zone, Zambia
Objectives
Investment in solar energy will help reduce power outages and meet the rapid demand growth with lower greenhouse gas (GHG) emissions than fossil-fuel-based alternatives, thereby supporting the sustainable economic development of Zambia. The project contributes to EU renewable energy and environmental policies (particularly climate change policies) and several Sustainable Development Goals, especially SDG 7, affordable and clean energy.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
USD 12 million (EUR 10 million)
Total cost (Approximate amount)
USD 46 million (EUR 39 million)
Environmental aspects
The project is expected to have limited environmental and social impact during construction and operation. The Bank will review the impact assessments and corresponding authorisation processes during appraisal, including a verification of compliance with the Bank's environmental and social standards.
Procurement
The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement.
Status
Signed - 20/06/2018
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).