PROJECT

Projects

Environmental & Social Review Summary

Project Number

50638

Company Name

ContourGlobal Cap des Biches Senegal SARL

Date ESRS Disclosed

Jan 6, 2026

Country

Senegal

Region

Africa

Last Updated Date

Jan 6, 2026

Environmental Category

B - Limited

Status

Pending Approval

Sector

Gas - Thermal Power Generation

Industry

Infrastructure

Department

Regional Industry - INF Africa

Project Description

The proposed investment is a secured financing debt package to Cap des Biches (CdB or the Company) to: (i) finance the conversion capex of the plant from Heavy Fuel Oil (HFO) to Liquified Natural Gas (LNG) and (ii) refinance CdB’s outstanding debt (the “Project”). Since 2016, Cap des Biches (CdB) operates an 86 MW Heavy Fuel Oil (HFO) Independent Power Producer (IPP) located in an industrial zone in Rufisque, Senegal. CdB is part of the ContourGlobal (CG or the “corporate”), a UK based power company.

The current project consists of converting the plant's five engines from HFO to dual-fuel capability using LNG. This project is part of Senegal’s Gas-to-Power strategy. LNG will be supplied through the main pipeline connecting Dakar Port to the Cap des Biches area. The main pipeline, currently under construction by a private company, will deliver gas to various industries in that area. CdB is expected to use about 20% of the LNG supplied during the first year of the pipeline’s operation, decreasing to 10% as more industries in the region transition to LNG. A dedicated 300m pipeline will be built to connect the plant to the main LNG pipeline. This 300m pipeline is considered an associated facility and will be constructed on adjacent land owned by SENELEC, Senegal’s national utility authority. The engine conversion will primarily involve replacing parts within the existing equipment. The construction phase is expected to last approximately six months, starting in Q1 2026, and will be carried out by Wartsilla, the Engineering and Procurement Contractor (EPC) and engine manufacturer.

The plant is located in an industrial zone and there is a neighbouring gas power plant currently under commissioning and in vicinity of other industries. Electricity from the plant is transmitted through an existing overhead transmission line. The nearest community is located at about 500m from the CdB plant.

Overview of IFC's Scope of Review

IFC’s environmental and social (E&S) review of this investment took place between June and October 2025 and consisted of (i) appraising the environmental, social, health, and safety related information and supporting records submitted by the company and the group, including organizational E&S staffing, management plans, and monitoring/reporting structures; (ii) discussions with the Group HR manager and E&S in charge, Plant Manager, ESIA consultant; (iii) a site visit in July 2025 to the CdB facilities .

CG is an existing IFC client. IFC's appraisal also considered their E&S performance on existing investments under supervision (link to project disclosure below). The company's E&S performance for these projects has been satisfactory. The company's existing projects in IFC portfolio include:
o https://disclosures.ifc.org/project-detail/ESRS/35175/cap-des-biches
o https://disclosures.ifc.org/project-detail/ESRS/38113/cg-cdb-ii

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan

Client Documentation

File Name Actions
ESIA.pdf
CdB Final QRA_Dec 2025.pdf