Early Warning System

Countries

Nigeria

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

US International Development Finance Corporation (DFC)

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

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

Proton Delta Sunrise

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Hydropower

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

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 @ DFC website

Updated in EWS Jun 27, 2020

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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.

The Project involves the construction and operation of a 150 megawatt (MW) gas fired electric power plant to be located in Sapele, Nigeria. The Project will consist of three gas fired
turbines which will be operated in simple cycle mode. The developer plans to expand the facility to 500MW in the future by adding additional turbines and converting the plant to combined cycle, but the current review is limited to the 150 MW simple cycle facility. The Project also includes the construction of a 1 km transmission line which will tie into an existing switchyard located in Sapele and the construction of a 1.5 km gas pipeline to the Sepiat Petroleum Development Company. The Project is located on a site adjacent to two existing power plants; the National Integrated Power Project (NIPP) Plant and CMEC/Eurafric Energy Limited Plant [formerly known as Power Holding Company of Nigeria Plant (PHCN)]. Power generated by the facility will be sold to the National Grid.

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.

Mr. Jehwe Stephen Onajero
Director of Environmental Health Services & HOD Environment, Sapele Local Government Area
(LGA),
Sapele.