CELSE (IFC-39652)

Countries
  • Brazil
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
CELSE - CENTRAIS ELETRICAS DE SERGIPE S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 200.00 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)
$ 200.00 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.
Project Cost (USD)
$ 1,800.00 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 Oct 31, 2017

Disclosed by Bank Oct 6, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.
CELSE Centrais Elétricas de Sergipe S.A. (“CELSE” or the “Sponsor”) is developing the Power Plant Port of Sergipe I (“Project”), a greenfield gas-fired combined cycle thermal power plant and associated infrastructure. The project consists of a 1,500 MW combined-cycle power plant using three GE 7HA.02 gas turbines (GTs) with corresponding Heat Recovery Steam Generators (HRSG) and one steam turbine (ST). It will be connected to the grid via a 34.2 km double circuit 500-kV transmission line and air-insulated connection bay linking to an existing substation with potential to receive up to 3,000 MW. The project further includes a fully dedicated chartered floating storage and regasification unit (FSRU) with a storage capacity of 170,000 m3 and a liquefied natural gas (LNG) regasification capacity of up to 14 million m3/day with a Submerged Soft Yoke (SSY) mooring structure. The FRSU will be located 6.5 km offshore and will connect to the power plant via an 18-inch diameter offshore and onshore gas pipeline to transfer the regasified LNG (RLNG) from the FSRU to the combined-cycle power plant. Seawater cooling towers will be used for the condenser cooling. The water intake and cooling water discharge are located offshore, and are connected to the power plant with pipelines that follow routing along to the RLNG pipeline with a seawater pumping station located on-shore.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.
CELSE was created in 2015 by EBRASIL- Eletricidade do Brasil and Golar Power (a joint-venture between Golar LNG and Stonepeak Infrastructure Partners).

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