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The project development objective (PDO) of the Eskom Investment Support Project for South Africa is to enhance its power supply and energy security in an efficient and sustainable manner so as to support both economic growth objectives and South Africa's long term carbon mitigation strategy. There are three components to the project. Component A: International Bank for Reconstruction and Development (IBRD) support for the financing of the Medupi coal-fired power plant (4,800 MW using supercritical technology). This loan will finance supply and install and construction contracts for the power plant and associated transmission lines. Interest during construction, payable to IBRD and to other lenders to the project will also be financed by the proposed IBRD loan. Component B: support for financing investments in renewable energy (Wind and Concentrating Solar Power Plants). Component C: support for other low carbon energy efficiency components comprising the Majuba Rail Project (railway for coal transportation) and a technical assistance program for improving supply side efficiencies. Read Less»
PROJECT AT-A-GLANCE
| Project ID | P116410 |
|---|---|
| Country | South Africa |
| Region | Africa |
| Status | Active |
| Approval Date (as of board presentation) | April 8, 2010 |
| Closing Date | October 31, 2015 |
| Total Project Cost** | US$ 10750.00 million |
| Commitment Amount | US$ 3750.00 million |
| Team Leader | Paivi Koljonen |
