Eskom | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/eskom Problem Project Eskom BIC is no longer actively working on this project. Overview Concerns Updates Resources Contacts RSS Update \| 23 March 2011 CIEL: World Bank failed to consider health and environmental costs in Eskom coal loan A new report from the Center for International Environmental Law sees a bias at the World Bank in favor of megaprojects like South Africa's Medupi coal plant. As it prepares a new Energy Sector Strategy, the report argues, the World Bank must calculate the true costs of its investments. Read more Update \| 4 August 2010 PRESS RELEASE: Eskom Inspection Panel case leads civil society to demand changes Following the Inspection Panel's decision to launch a full investigation into the recently approved loan to South African utility Eskom, South African and international CSOs called for the World Bank to learn from the loan as it reviews its Energy Strategy. Read more Update \| 29 July 2010 Inspection Panel to investigate the Bank's controversial Eskom coal loan The Panel was given the green light today to conduct a full investigation into alleged policy violations in the World Bank's loan to South African power utility Eskom based on a complaint from local communities, who allege that the project will result in significant harms to their health, environment and livelihoods. Read more Update \| 3 June 2010 New South African coal plant seeks emission credits for "cleaner" coal On the heels of winning a $3.75 million loan from the World Bank, South African utility Eskom is now seeking carbon credits from the Kyoto Protocol's Clean Development Mechanism. Environmentalists are outraged that one of the largest coal plants in the world could receive public funds from both the World Bank and the CDM. Read more Update \| 3 June 2010 Activists protest Energy Strategy consultation in Brussels The protestors, led by Friends of the Earth Europe, gathered peacefully outside of the meeting where they demanded an end to the World Bank's financing of fossil fuel projects. Read more Update \| 9 April 2010 South African activist speaks out about World Bank loan on Democracy Now In an interview with Amy Goodman of Democracy Now, Desmond D'Sa of the South Durban Community Environmental Alliance spoke about the controversial loan to Eskom and what will be done now that the Board has approved it. Read more Update \| 8 April 2010 World Bank approves $3.75 billion loan to Eskom Despite strong opposition from concerned South Africans and marathon deliberations, the Bank today voted to approve a loan that will help fund one of the dirtiest coal-fired power plants in the world. Read more Update \| 7 April 2010 US and African voices shout a resounding “NO” to Eskom in front of the World Bank Civil society activists converged at the World Bank on Wednesday afternoon in protest of the proposed $3.75 billion loan to South African power utility Eskom. Read more Update \| 6 April 2010 PRESS RELEASE: South Africans say "no" to Eskom coal Community members from South Africa's Limpopo Province filed a complaint with the World Bank Inspection Panel today due to the proposed $3.75 billion loan to Eskom. Read more Update \| 5 April 2010 Activists from U.S. & Africa to demonstrate at the World Bank in Washington, DC Civil society activists to converge at the World Bank on Wednesday in protest of the proposed $3.75 billion loan to South African power utility Eskom. Read more Press Clipping \| 5 April 2010 ClimateWire: South African coal plant proposal strains 'culture' of World Bank Underlying the controversial proposed loan to the South African utility company Eskom are changing internal politics of the World Bank. Lisa Friedman of ClimateWire analyzes the implications for future World Bank loans. Read more Press Clipping \| 5 April 2010 Lori Pottinger: World Bank gives South Africa lumps of coal Lori Pottinger of International Rivers writes about South Africa's potential for renewable energy, contrasted to the heavy focus on coal power that Eskom is pursuing. Read more Press Clipping \| 2 April 2010 The Guardian: South Africa is becoming a high-carbon zone to attract foreign investment South Africa's proposed Medupi power station would help maintain the country's status as a low cost location for industry. The Guardian's Joss Garmin discusses the implications of the World Bank loan to Eskom in the context of global politics of climate change. Read more Press Clipping \| 1 April 2010 UK will be key vote on Eskom loan The vote on the controversial loan to Eskom at the World Bank Board of Directors on April 8 is still up in the air. The government of the United Kingdom is still weighing the options, but will very likely be the deciding vote. Read more Press Clipping \| 17 March 2010 Lobbying intensifies on World Bank's proposed South African power plant loan South African activists Caroline Ntaopane and Makoma Lekalakala take on the World Bank's proposed loan to Eskom. Read more Update \| 16 March 2010 Invitation: Friends of the Earth meeting on proposed Eskom loan Friends of the Earth is planning a discussion with two South African activists about the proposed $3.75 million loan to Eskom which will fund the construction of the Medupi power station tomorrow at 1 p.m. Read more Print Email

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