Eskom Investment Support Project (WB-P116410)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
A
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
Feb 9, 2010
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 Limited
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)
$ 3,750.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10,750.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 26, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to bank documents, the project objective is to enhance 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.

  1. 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.
  2. Support for financing investments in renewable energy (Wind and Concentrating Solar Power Plants).
  3. 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.
Investment Description
  • World Bank (WB)
Contact Information

Reynold Duncan
Title: Lead Energy Specialist
Tel: 5369+3147 / 27-12-348-8895
Email: Rduncan1@worldbank.org 
Location: Pretoria, South Africa (IBRD)

Pankaj Gupta
Title: Lead Financial Specialist
Tel: +1 202 473 6188
Email: pgupta2@worldbank.org 
Location: Washington, DC, USA (IBRD)

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.