Hi, I would assume it has been squeaking/slipping for quite a while, if so the belt will be worn & polished. First thing to do is get a new belt of the right size. There are three bolts to 'loosen' from the mounting to the pump to allow the pump to rotate for adjustment, one is almost impossible to see and tricky to get to from the thermostat side. For once there is a good 'blow up' in the Haynes manual. You do not have to undo the long bolt below the alternator, it is not the pivot point. I struggled for ages with mine until I realised

Once you have the three bolts loosened there is a 'wind up' type adjuster. The belt has to be very tight to stop it slipping, this belt does a lot of work because it drives the water pump as well. Although it appears so, the alternator belt does not drive the water pump at all, the double pulley on the water pump has a 'slip' flange so the alternator belt runs independantly of the PAS belt.
