Contourglobal Cap des Biches Senegal (DFC-2018-CONTOURGLOBALC)

Countries
  • Senegal
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
ContourGlobal Cap des Biches Senegal SARL
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 53.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 33.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 71.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The ContourGlobal Cap des Biches expansion thermal power project (the “Expansion Project”) is a critical component of Senegal’s power generation and sustainable energy growth plan by adding 33MW of power onto the Senegalese grid. The Expansion Project will complement the adjacent and original 52.9MW combined-cycle thermal power plant currently under construction (the “Existing Project”). Together the Expansion Project and the Existing Projects (the “Projects”) will operate on heavy fuel oil with an option to convert to natural gas, in Cap des Biches, approximately 27km from Dakar, Senegal. The Expansion Project will provide efficient and reliable electricity to the Senegalese grid. The Projects will contribute greatly to solving the problem of electricity shortages in Senegal by adding a total of 85.9MW of generation capacity, which is
approximately a 30% increase in Senegal’s overall functional capacity of only 296MW.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

How it works

How it works