CG CdB II

active

The proposed project, developed by ContourGlobal Cap des Biches (CG CdB or the Company), is a 33 MW capacity project to extend an existing IFC project (IFC project #35175), a 53 MW combined cycle thermal power plant located in Rufisque (23 km east of Dakar) in Senegal (the “ Initial Project”) under construction since 2015. Together the Projects will operate on heavy fuel oil with an option to convert to natural gas. The Extension will be located adjacent to the Initial Project and within the permitted footprint of 2.99 ha, in the municipality of Rufisque West, therefore requiring no additional land. The closest residential area is the Darou Salum Azur district located 400 m to the East of the project area, and with an estimated population of 4,000 people. The technical configuration, contractual and construction arrangements of the Extension are broadly the same as for the Initial Project: i) same engines (Wartsila 18V46), ii) same contractor (Wartsila) for the Engineering Procurement and Construction (EPC), and iii) same operation & maintenance arrangements. Extension works started on January, 2016 with plant start-up scheduled for September 2016. In 2015, IFC provided financing for the construction of the Initial Project. The proposed financing for the Extension is to provide a cross-currency swap of a loan equivalent of up to US$ 4 m. This Environmental and Social Review Summary (ESRS) is an update of the ESRS prepared for the Initial Project (IFC project #35175) disclosed on May 4, 2015. Both CG CdB and the EPC contractor managed the construction of the Initial Project well and it is expected to be completed by late May 2016. The Initial Project has been materially compliant with the E&S requirements of IFC.