PROJECT

Projects

Summary of Collaboration or Co-Development Project

Project Number

607920

Sponsor

KKR & CO INC,OMNICANE THERMAL ENERGY OPERATIONS (LA BARAQUE) LTD,OMNICANE LIMITED,St Aubin Ltee,Sugar Investment Trust

Date SCCP Disclosed

Mar 4, 2024

Country

Mauritius

Region

Africa

Last Updated Date

Sep 13, 2025

Industry

Infrastructure

Sector

Agriculture and Forestry

Department

Regional Industry - INF Africa

Project Description

Omnicane Thermal Energy Operations (La Baraque) Limited (OTEOLB) (the “Company”) and International Finance Corporation (IFC) entered into a Collaboration Agreement to jointly conduct development activities in view of supporting the transition from coal to fully biomass of La Baraque coal bagasse-powered plant (90 Megawatt), located in Mauritius. In Mauritius, a transition of the existing coal-bagasse plants to biomass would allow continued supply of baseload power and grid stability, while reducing greenhouse gas (GHG) emissions significantly. This project is aligned with the Government of Mauritius’s strategic priority of phasing out coal by 2030 and with its commitments of reducing GHG emissions by 40% and increasing the share of renewable energy to 60%. Through this collaboration, IFC will work with OTEOLB to assess the financial, market, and climate impact of the conversion, confirm the cost effectiveness and reliability of alternative sources of energy, and conduct an environmental and social (E&S) review and screening, and preliminary E&S due diligence.

E & S Information

IFC funding will, amongst other uses, finance an E&S risk screening and a preliminary E&S due diligence related to the existing plant and related existing or future infrastructure. Some of the key E&S issues to be considered at a minimum include: i) the Company’s capacity, corporate systems and procedures to manage the E&S risks and impacts associated with the biomass project in compliance with the applicable local regulatory requirements and those of the IFC Performance Standards / World Bank Group Environmental, Health, and Safety (WBG EHS) Guidelines and other good international industry practices (GIIP); (ii) management and monitoring of contractors’ E&S performance during construction upgrades and operation of the biomass plant; (iii) management and monitoring of air emissions, waste, wastewater and hazardous materials relevant to construction and operational phases; (iv) biomass-related supply chain risks and issues; and (v) process safety risks and emergency planning and response.