According to the bank website, "On Feburary 10, 2017, MIGA issued a guarantee of $69.5 million to cover a non-shareholder loan from Standard Chartered Bank, UK and Siemens Bank GmbH of Germany for the Sirajganj 220MW Combined Cycle Power Plant 3rd Unit in Bangladesh. The $69.5 million guarantee will provide coverage for a period of up to 15 years against the risk of non-honoring of sovereign financial obligations.
The project involves the installation of a dual-fuel (natural gas or HSD) gas turbine, generator, steam turbine, and a heat recovery steam generator, as well as the construction of a switchyard and extension of an existing switching station. Water treatment and cooling systems will be shared with Sirajganj 2nd Unit. The plant is situated between Sirajganj 2nd Unit (a MIGA-supported project currently under construction), and Sirajganj 4th Unit (a proposed IFC and MIGA jointly supported project), about 15 kilometers south-east of the town of Sirajganj."
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF 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/