KHI SOLAR ONE (PTY) LTD
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Khi Solar One is a 50MW Concentrated Solar Power project under construction near Upington, South Africa. The project has been awarded within Round 1 of South Africa’s Renewable Energy Independent Power Producer Procurement Programme being conducted by Eskom, the national electricity company. The project sponsor is the Spanish company Abengoa Solar, S.A..
What is our funding objective?
FMO provides long-term local currency funding with a value of ZAR 312 mln, which will be used for the construction of the project. FMO's funding is part of a larger facility provided by several Development Finance Institutions, amounting to a total of ZAR 2,346 mln.
Why do we fund this investment?
The project is part of South Africa's Renewable Energy Independent Power Producer Procurement Programme, a scheme aimed at reducing the country's reliance on thermal energy. By funding the proposed projects, FMO supports greater private sector involvement and the growth of renewable energy production in a well regulated energy market – the largest on the African continent, which itself is amongst the largest greenhouse gas emitters in the world.
- Region
- Africa
- Country
- South Africa
- Sector
- Energy
- Effective date
- 11/5/2012
- Total FMO financing
- ZAR 312.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+