IFC and EIB post new documents on Uganda dam
22 December 2006
Both the International Finance Corporation (IFC) and European Investment Bank (EIB) disclosed project documents for the controversial Bujagali hydroelectric dam this week; IFC board date set for April 2007
On Wednesday, the IFC disclosed the long-awaited Summary of Proposed Investment (SPI) and Environmental and Social Review Summary (ESRS) project documents for the Bujagali hydroelectric dam. The documents indicate that the proposed $100 million investment in the project will go before the board for approval on April 19, 2007.
Meanwhile, the European Investment Bank (EIB) has today posted its own €100 million (approximately $130 million) proposed investment for the project. According to the Communication and Information Department at the Bank, the EIB "is planning to finalise its appraisal in March and, if successful, a financing decision may be expected after that in 2007."
- IFC Summary of Proposed Investment (SPI), International Finance Corporation, disclosed December 20, 2006 (IFC website)
- IFC Environmental and Social Review Summary (ESRS), International Finance Corporation, disclosed December 20, 2006 (IFC website)
- EIB Proposed Project Information, European Investment Bank, disclosed December 22, 2006 (EIB website)
- European Investment Bank approves over $1 billion for Africa's energy sector, Bank Information Center, December 21, 2006 (BIC website)
- EIB Extractive and Energy Projects in Africa Spreadsheet, updated December 22, 2006 (Microsoft Excel 39 KB) (BIC website)