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Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 28529
Sector1Heavy Fuel Oil - Thermal Power Generation
Environmental categoryB
Date SPI disclosedNovember 18, 2009
Projected board dateJanuary 28, 2010
Previous EventsInvested: July 19, 2011
Signed: June 30, 2010
Approved: June 29, 2010
View Environmental & Social Review Summary (ESRS), click here
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Project description
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.

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