Dibamba

completed

IFC proposes to invest up to Euros 24 million (up to 25% of total project cost) in AES Dibamba Power Development Corporation (AES DPDC or the company) for the development of a thermal power plant in Cameroon. AES DPDC is an affiliate of AES Sonel, the privatized integrated electric utility of Cameroon and an IFC investee company. AES Sonel will also be the off-taker of the power produced by AES DPDC. The Dibamba 86 MW heavy fuel oil (HFO)-fired diesel engine power plant and associated 2 km 90kV transmission line in the Douala region (Dibamba) will be Cameroon’s first Independent Power Project (IPP). Dibamba will be an emergency thermal power plant to avoid major load-shedding.The Dibamba Project objectives are to provide peaking and reserve capacity in electricity generation, in order to meet the growing public sector electricity demand and industrial expansion. The project will help avoid load shedding during the dry season (which typically lasts from January to June each year). This project is a subset of Project#25978 which SPI was disclosed on February 20, 2008.