The loan of $25 million will help construct the Aschach hydropower plant on the Danube River.
The Aschach Hydropower Project in Austria is the fourth loan to the Austrian Electric Power Company, Verbundgesellschaft (V. G.) and its affiliates. In addition to the loan of $25 million, the Austrian government also intends to re-lend to the V. G. part of the proceeds of an American bond issue, the first Austrian public issue in that market since the conclusion of the Second World War. The Danube Power Company, Donaukraftwerk, will be a joint borrower, and the proceeds of the loan and the bond issue will be used for the Aschach project on the Danube. The project will provide a substantial amount of energy to meet the base load requirements and help maintain an economic balance between hydro and thermal generation.
The profile contains project and financial information and lists of project documents and archival records.
Dr. Stahl thanks Mr. Sommers for a kind welcome in Washington, DC and comments on the successful negotiations (1516825).
The memo contains information on matters discussed during a meeting of the working party in connection with negotiations for the proposed Aschach loan (1516825).
The Committee studies the loan proposal and approves the plan to finance this loan (1516825).
The dam structure will have a total length of 496 meters and will consist of a weir section, a power house, two locks, and an operational building (30233511; Credit: The World Bank).
Aerial view of dam construction for the The Aschach Hydropower Project (30233511; Credit: The World Bank).
This project will provide a substantial amount of energy to meet the base load requirements in the system and help to maintain an economic balance between hydro and thermal generation (1716000; Credit: The World Bank).
The report describes and appraises the project.
The transcript contains Board discussion on the project on pages 6-9.