Medupi Power Project (Loan in Euro) (AFDB-P-ZA-FAA-001)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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.
Voting Date
Nov 25, 2009
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ESKOM HOLDINGS LTD
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)
Loan
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 @ AFDB website

Updated in EWS Feb 25, 2019


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Project Description

The Medupi Power Project will result in the implementation of 4,764 MW coal-fired power plant, located at a mine-mouth, connected to the national grid. Attributed to AfDB funding are six super-critical boilers and six turbo-generators fully commissioned and operated to produce 4764 MW electricity at bus bar.

Moreover, the increased electricity production capacity will help Eskom improve its reserve margin. It will also maintain Eskom's capacity to export power to neighbouring countries.

The objective of the Project is to increase the country's generation capacity and improve reserve margin in order to adequately, efficiently and reliably serve electricity demand in the country and in the Southern Africa Region.

Investment Description
  • African Development Bank (AFDB)

Finance source - Amount
AfDB - UAC 1,689,982,912
Government - UAC 2,147,483,647
Co-financier - UAC 2,147,483,647
Delta - UAC 10,017,088
Total - UAC 2,147,483,647

Contact Information

KANONDA Farai Epiphanius - RDGS4

*No further contact details provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/