Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Senegal
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: B
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: 2017-01-13
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: CG CAP DES BICHES SENEGAL
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): $ 4.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-05-31
Disclosure Date: 2016-05-13
CG CdB II
IFC-38113

Project Description
The proposed project, developed by ContourGlobal Cap des Biches (CG CdB or the Company), is a 33 MW capacity project to extend an existing IFC project (IFC project #35175), a 53 MW combined cycle thermal power plant located in Rufisque (23 km east of Dakar) in Senegal (the " Initial Project") under construction since 2015. Together the Projects will operate on heavy fuel oil with an option to convert to natural gas. The Extension will be located adjacent to the Initial Project and within the permitted footprint of 2.99 ha, in the municipality of Rufisque West, therefore requiring no additional land. The closest residential area is the Darou Salum Azur district located 400 m to the East of the project area, and with an estimated population of 4,000 people.The technical configuration, contractual and construction arrangements of the Extension are broadly the same as for the Initial Project: i) same engines (Wartsila 18V46), ii) same contractor (Wartsila) for the Engineering Procurement and Construction (EPC), and iii) same operation & maintenance arrangements. Extension works started on January, 2016 with plant start-up scheduled for September 2016. In 2015, IFC provided financing for the construction of the Initial Project. The proposed financing for the Extension is to provide a cross-currency swap of a loan equivalent of up to US$ 4 m.This Environmental and Social Review Summary (ESRS) is an update of the ESRS prepared for the Initial Project (IFC project #35175) disclosed on May 4, 2015. Both CG CdB and the EPC contractor managed the construction of the Initial Project well and it is expected to be completed by late May 2016. The Initial Project has been materially compliant with the E&S requirements of IFC.
Investment Description
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
Bank Documents