MAINSTREAM HYDRO PROJECT (AFDB-P-NG-FAB-001)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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
Dec 14, 2016
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.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 53.84 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 134.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 18, 2017


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Project Description
Mainstream Energy Solutions (Mainstream) acquired Kainji Hydro Electric Plc (Kainji Plc) through a competitive bid process during the Nigeria power sector privatization in Feb 2013. Kainji Plc owns Kainji Hydro and Jebba Hydro (conventional dam hydro plants) located in the Kainji and Jebba region of the state of Niger in Nigeria. The purpose of the funding is for Mainstream to recover available capacity from a combined total of 650MW to 1,338MW over a period of five years as per the concession agreement requirements. The scope will involve a mixture of overhaul, refurbishment and repairs to the 13 turbine units of the two plants. The two plants are already connected to the grid.
Investment Description
  • African Development Bank (AFDB)
Contact Information
AMU Orison Mawumenyo - PISD1 No contact details provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF AfDB The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.