CG CdB II (IFC-38113)

  • Senegal
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
Bank Risk Rating
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.
Voting Date
Jan 13, 2017
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.
The holder of the loan, grant, or other investment.
  • 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, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank May 13, 2016

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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
  • International Finance Corporation (IFC)
Contact Information


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