SCALING SOLAR PV ZAMBIA I (EIB-20170004)

Countries
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ENEL GREEN POWER SPA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 26, 2019

Disclosed by Bank Jul 24, 2017


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Project 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
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.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

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