Original disclosure @ FMO website
Updated in EWS Feb 26, 2019
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WHO IS OUR CLIENT
Riverblade Holding BV is envisaging to develop two small river-based hydro stations with a total capacity of around 6MW, providing access to energy to around 20,000 people in Sierra Leone.
The objective is to finance 50 percent of the feasibility study. The target of the feasibility study is to assess the bankability, technical feasibility and E&S impact of the river-based hydro stations. The study will determine the location(s) of the first two hydro's out of 5 potential locations.
WHY WE FUND THIS PROJECT
FMO funded this project as it provide long-term sustainable energy in SSA countries. With an installed capacity of only 83MW Sierra Leone is in great need of electricity and private investment. Access to electricity in Sierra Leone is restricted to the main urban centers and even there rather limited. Riverbladea€™s river-based hydro stations 2X3MW provide access to clean electricity to approximately 20,000 people.
+27 11 507 2500
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.