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

Countries
  • Senegal
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
Bank Risk Rating
U
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.
Borrower
ContourGlobal Cap des Biches Senegal SARL
The holder of the loan, grant, or other investment.
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, converted to USD$. 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, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project 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
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure