EGP AFRICAN RENEWABLE ENERGY FL (ZAMBIA)

Promoteur – Intermédiaire Financier

ENEL GREEN POWER SPA

Lieu

• Régional - Afrique
• Zambie

Description

A Framework Loan to support Enel Green Power's investments in Solar PV projects in Zambia and other African countries

Objectifs

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.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Montant BEI envisagé (montant approximatif)

EUR 50 million

Coût total (montant approximatif)

EUR 200 million

Aspects environnementaux

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.

Passation des marchés

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.

Statut

Signé - 25/10/2019