Siddhirganj Power Project Additional Financing (WB-P154127)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
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
Nov 13, 2015
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.
Borrower
Electricity Generation Company of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 176.71 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)
$ 205.21 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 @ WB website

Updated in EWS Nov 9, 2017

Disclosed by Bank Sep 1, 2015


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Project Description
The project provides funding to close the financing gap caused by upgrading the project to a 335 MW combined cycle power plant and reduced purchasing value of IDA credit due to US dollar appreciation.
Investment Description
  • World Bank (WB)
Contact Information
World Bank Contact: Md. Iqbal Title: Senior Energy Specialist Tel: 5764+4121 Email: miqbal@worldbank.org Borrower/Client/Recipient Government of Bangladesh Contact: Mahbub Ahmed Title: Senior secretary Tel: 88029512201 Email: mahfuzulalaam@yahoo.com Implementing Agencies Name: Electricity Generation Company of Bangladesh (EGCB) Contact: Mostofa Kamal Title: Managing Director Tel: 88029116382 Email: md@egcb.com.bd ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.