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.
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