Date
Timeline Description

The loan of $25 million will help construct the Aschach hydropower plant on the Danube River.

Detail Description

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.

Image Timeline
Memo from J. H. Collier to files regarding negotiations for the proposed Aschach loan (1516825).
Image Timeline Caption

Memo from J. H. Collier to files regarding negotiations for the proposed Aschach loan (1516825).

Resource
Title
Electric Power Project
Description
P037355: Approved Dec. 1, 1958
The profile contains project and financial information and lists of project documents and archival records.
Image
Electric Power Project
Event
37
Title
Correspondence from Rudolf Stahl to Davidson Sommers
Image
Correspondence from Rudolf Stahl to Davidson Sommers
Description
Nov. 10, 1958
Dr. Stahl thanks Mr. Sommers for a kind welcome in Washington, DC and comments on the successful negotiations (1516825).
Event
37
Title
Memo from J. H. Collier to files
Image
Memo from J. H. Collier to files
Description
Oct. 24, 1958
The memo contains information on matters discussed during a meeting of the working party in connection with negotiations for the proposed Aschach loan (1516825).
Event
37
Title
Statutory Loan Committee Report
Image
Statutory Loan Committee Report
Description
Nov. 24, 1958
The Committee studies the loan proposal and approves the plan to finance this loan (1516825).
Event
37
Image
Dam construction for power project
Title
Dam construction for power project
Description
c.1958
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).
Event
37
Image
Dam construction in progress
Title
Dam construction in progress
Description

c.1958
Aerial view of dam construction for the The Aschach Hydropower Project (30233511; Credit: The World Bank).

Event
37
Image
Power project work site
Title
Power project work site
Description
c.1958
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).
Event
37
Title
Aschach Hydropower Project: Appraisal Report
Image
Aschach Hydropower Project: Appraisal Report
Description
Document date: Nov. 7, 1958
The report describes and appraises the project.
Event
37
Title
Transcript of 304th Regular Meeting of Executive Directors
Image
Transcript of 304th Regular Meeting of Executive Directors
Description
Document date: Nov. 13, 1958
The transcript contains Board discussion on the project on pages 6-9.
Event
37
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