The $21 million loan for the Ybbs-Persenbeug project will help construct a hydroelectric power plant on the Danube River in Austria.
The Voitsberg-St. Andra Electric Power Project is one of two power projects approved for Austria in 1956, both carried out by Verbundgesellschaft, the Austrian Electric Power Corporation. Both projects are part of the program of power expansion being carried out in Austria. The Ybbs Persenbeug project will consist of a large run-of-the-river hydroelectric plant on the Danube, 130 km by river north of Vienna, and will have a capacity of 192,000 kw from six generating units installed in two power houses.
The profile contains project and financial information and lists of project documents and archival records.
The Austrian Minister of Finance, Reinhard Kamitz, informs President Black of the positive report he received from his staff who visited Washington, DC to negotiate the final drafts of the loan agreements (1516754).
The memo provides details of a meeting with the Rotterdamsche Bank and the Austrian Ministry of Finance to discuss the possibility of a joint operation (1516754).
The press releases announce the World Bank's approval of two loans totaling $31 million for electric power expansion in Austria (1516757).
Construction of a run-of-the-river hydroelectric plant on the Danube at Ybbs-Persenbeug (1715963; Credit: The World Bank).
Aerial view of the project from the north bank looking upstream with a barrage in the background (1715963; Credit: The World Bank).
The report appraises the Austrian power expansion program and gives a more detailed appraisal of three power projects included in the program.