Sodigaz Burkina (IFC-45082)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Burkina Faso
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ouagadougou, Bobo-Dioulasso and Pamnoguin
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
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
Mar 7, 2022
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
Sodigaz APC SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Industry and Trade
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)
$ 13.05 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.
Currency conversion note:
Bank reported 12.4
Converted using 2023-01-06 exchange rate.
Project Cost (USD)
$ 18.62 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.
Currency conversion note:
Bank reported 17.7
Converted using 2023-01-06 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 17, 2023

Disclosed by Bank Feb 8, 2022

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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.

SODIGAZ is seeking to develop; i) an additional five service stations in the main towns of Tampouy, Koubri, Bassinko, Kienfangué and Pamnoguin and ii) to build, install and operate a 1.4MW solar power plant (“the Pamnoguin project”). The solar plant will contribute to the energy needs of an adjacent housing development, Cité Oasis, being developed by a separate entity, LOGIQ. Cité Oasis does not form a part of IFC’s investment package. The housing development’s primary energy source is from the national grid. Therefore, the Cité Oasis project is not an associated facility to the project.

IFC is seeking to providing debt financing to support the SODIGAZ expansion, which will enable; (i) the automation of LPG cylinder loading to increase operational efficiency and safety performance; (ii) the procurement of new LPG cylinders and LPG and fuel distribution trucks along with (iii) the construction of new service stations and 20 LPG cylinder selling points, all of which will be equipped with solar power; (iv) construction of a requalification plant to improve the life of LPG cylinders and their associated quality and implementation of cylinder traceability using embedded radio frequency identification chips; and (v) the installation and operation of the aforementioned 1.4 MW solar power plant.

The greenfield solar power plant will be constructed on a plot of land of approximately 4 hectares adjacent to the Cité Oasis housing development project. SODIGAZ has been allocated 4 hectares of land from the Cité Oasis project. The construction of the solar power plant is expected to last up to seven months. The plant will include photovoltaic ground mounted panels (sourced from Canadian Solar), the substation area (including inverters, batteries, transformer), an access road, an overhead line.    

            

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total Project cost is estimated at EUR 17.7m. The proposed IFC investment is a EUR 8.4m XOF equivalent A loan (with support from IDA PSW LCF) and mobilization of a EUR 4m equivalent parallel loan.

Private Actor Relationship
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.

Sodigaz is owned by the Bolly family (71%) and African Infrastructure Investment Fund (29%).

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.

SODIGAZ APC (“SODIGAZ”, “the company” or “the project”) was established in 1977 in Burkina Faso, specializing in LPG distribution. The company has recently grown its business portfolio into three main segments i.e., i) gas distribution; ii) petroleum distribution and retail; and iii) solar power, via several subsidiaries. The gas business distributes LPG in cylinders to commercial and retail customers. LPG is supplied to the company in cylinders from the government-owned bulk storage facility. These cylinders are then stored at the companies two main depots located in Ouagadougou and Bobo-Dioulasso, and then from the depots transported to the reseller network consisting of ~2,200 third party exclusive resellers and 11 service stations owned and operated by SODIGAZ. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Sodigaz APC SA Client -

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.

Sodigaz APC SA
Mr. Serge Konseiga
Head of Strategy and Development
(+226) 77 75 21 04 / (+226) 77 65 19 26
sodigaz@sodigaz.com
SODIGAZ APC – 01 BP 1936 OUAGADOUGOU 01 – Burkina Faso
www.sodigaz.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

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