Release date: 8 May 2019
Promoter – Financial Intermediary
ENEL GREEN POWER SPALocation
Description
A Framework Loan to support Enel Green Power's investments in Solar PV projects in Zambia and other African countries
Objectives
The present operation concerns a Framework Loan for the implementation of a number of renewable energy plants (mostly solar photovoltaic and some onshore wind) in Zambia and other Sub-Saharan African countries for a total estimated generation capacity of up to 150MW. The final allocation of the financing amounts and total cost will be determined at the time of approval of the individual projects under the Framework Loan.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
If the plants were located within the EU they would fall under Annex II of the EIA-Directive (2014/52/EU), requiring the competent authorities to determine whether an EIA is required. Depending on their length and voltage level, overhead lines connecting the RE plants to the grid may fall under Annex I and would in this case mandatorily require an EIA if located in the EU. Compliance with the EIB's environmental and social standards and, amongst others, the principles of relevant EU Directives, will be verified at the appraisal of the individual allocations.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 25/10/2019
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).