Cap des Biches 52.9MW combined cycle power plant expansion (33MW)

13/1/2016
Project development, Project finance

$ 53 million

Announced

13/1/2016


Overview:

  • Cap des Biches 52.9MW combined cycle power plant expansion (33MW).
  • ContourGlobal is expanding the capacity of its Cap des Biches project, a thermal power plant in development in Senegal.
  • To new project will be add an additional 33MW to the capacity of the planned development - a 52.9MW combined cycle power plant.  
  • Development banks Overseas Private Investment Corporation (OPIC) and International Finance Corporation (IFC) are financing the cost of the expansion. 
  • The project is vital for Senegal which is unable to meet domestic demand for electricity.

Ben Naylor - Regional editor 

Jurisdictions:

United States
Senegal
France
Luxembourg
United Kingdom

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

New York
England and Wales
Luxembourg
Senegal

Industry sectors:

Energy
Oil and gas


Firm:

Party: Overseas Private Investment Corporation (OPIC) (Lender)

Party: International Finance Corporation (IFC) (Lender)