InfraV-SA LNG (IFC-39335)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Specific Location
KwaZulu-Natal and Gauteng
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
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
SA LNG SPV and Transnet
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 Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2019

Disclosed by Bank Jun 10, 2019


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Project Description

According to bank documents, the Project is an LNG regasification terminal at the Port of Richards Bay and Transnet's associated pipeline infrastructure which can be re-purposed for natural gas transmission, the mobilization and preparation phases of which are being developed in partnership between IFC InfraVentures and Transnet. IFC InfraVentures is expected to contribute $2.0 million to the Pre-Establishment Phase of project development. In the first instance IFC's InfraVentures funding will, amongst others, be used to finance an Environmental and Social Impact Assessment (ESIA) scoping study. The Project aims to provide access to natural gas in the Provinces of KwaZulu-Natal and Gauteng in the Republic of South Africa.

Investment Description
  • International Finance Corporation (IFC)

IFC InfraVentures is expected to contribute $2.0 million to the Pre-Establishment Phase of project development.

Private Actors
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/