SL: Western Area Power Generation Project.
Commitment Amount: US$ 40.00 million
Total Project Cost: US$ 40.00 million
Borrower: GOVERNMENT OF SIERRA LEONE
Thermal Power Generation: 100%
Objectives : The Project Development Objective is to increase the power generated by independent power producers (IPPs) and mobilize private capital.
Description The Project comprises the development, financing, construction and operation by the Copperbelt Energy Corporation Africa Sierra Leone Generation Limited (CECA SL) of a green - field thermal power plant running on Heavy Fuel Oil (HFO) on a build - own - operate - transfer basis. CECA SL is the Project Company established in Sierra Leone by private sponsors comprising CEC Africa Investments Ltd (50.1 percent equity) and Tempus Constant Qualitas Power Ltd (TCQ) (49.9 percent equity). The Project Company is re sponsible for the implementation and operations of the Project under a 20 - year Power Purchase Agreement (PPA) with the GoSL and the Electricity Distribution and Supply Authority (EDSA) . EDSA will be the off - taker for all electricity sales from the Project. While the PPA provides provisions for the possibility of expanding the capacity of the Project up to 128 MW at a later stage, the proposed WBG support is limited to the initial phase of 57 MW. The power plant will be located at the Kissy Industrial site to the east of Freetown and serve consumers in the Freetown Capital Western Area. The land at the Kissy Industrial site, which is owned by the GoSL, is leased to the Project Company under a plant site lease agreement signed in March 2015 with a tenor of 26 years. The Project comprises:
(a) The installation of six reciprocating Wrstil engines (type Wrstil W20V32) using HFO, each rated at 9.5 MW nominal output; (b) HFO storage tanks and water treatment facilities at the Kissy site;
(c) A new 33 kV indoor substat ion at the Kissy site;
(d) A 8 km reinforcement of the 33 kV transmission from Blackhall road to the Wellington substation to enhance evacuation capacity from the generation facility;
(e) Installation of additional 33/11kV transformers at the Blackhall road, Rop otee, and Wellington substations; and
(f) Construction of an approximately 1.3 km fuel pipeline from a new jetty for the landing of the HFO to the Kissy site. The jetty is operated as a joint venture between GoSL and Addax.
Project completion date : 2019-12-31 12:00:00
Major organization : CEC AFRICA INVESTMENTS LIMITED
Address : Nigeria
Email : email@example.com,firstname.lastname@example.org
Financier : WORLD BANK (WB),
Financier address : World Bank (WB)
1818 H Street, NW
Washington, DC 20433
Phone: (202) 473-1000
Fax: (202) 477-6391
Title:Senior Energy Specialist
Title:Senior Infrastructure Finance Specialist
Tel:+1 202 473 4911
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Jun 8, 2016|
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