CG CdB II (IFC-38113)

Countries
  • Senegal
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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
B
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."
Voting Date
Jan 13, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
CG CAP DES BICHES SENEGAL
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)
$ 4.00 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 @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank May 13, 2016

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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 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
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.

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/

How it works

How it works