Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Sierra Leone
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
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.
Board Decision Date: 2016-06-09
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 or Client: Riverblade Holding BV
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Amount (USD): $ 0.24 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.20 MLN
Converted using 2017-12-25 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2018-04-09
RIVERBLADE HOLDING B.V.
FMO-48659

Project Description

WHO IS OUR CLIENT

Riverblade Holding BV is envisaging to develop two small river-based hydro stations with a total capacity of around 6MW, providing access to energy to around 20,000 people in Sierra Leone.

FUNDING OBJECTIVE

The objective is to finance 50 percent of the feasibility study. The target of the feasibility study is to assess the bankability, technical feasibility and E&S impact of the river-based hydro stations. The study will determine the location(s) of the first two hydro's out of 5 potential locations.

WHY WE FUND THIS PROJECT

FMO funded this project as it provide long-term sustainable energy in SSA countries. With an installed capacity of only 83MW Sierra Leone is in great need of electricity and private investment. Access to electricity in Sierra Leone is restricted to the main urban centers and even there rather limited. Riverbladea€™s river-based hydro stations 2X3MW provide access to clean electricity to approximately 20,000 people.

Investment Description
Contact Information

FMO
South Africa
+27 11 507 2500
joburg-office@fmo.nl

 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.

Bank Documents