Gas distribution

Kribi Power Development Company ("KPDC" or the "company") is Cameroon`s first gas independent power producer (IPP), developed in 2010 under a Build Own Operate and Transfer (BOOT) contract. The company owns and operates the 216 MW gas-fired Kribi power plant ("Kribi I"). Formerly an affiliate of AES Corporation (AES), KPDC has since June 2014 been a wholly-owned subsidiary of Globeleq Africa, a power generation project developer and operator focusing in the emerging markets of Africa. Both Globeleq and Actis, its owner, have a longstanding relationship with the World Bank Group (WBG). Kribi power plant is located in Mpolongwe, a village situated 9 km north-east of Kribi, a coastal town which lies approximately 180 kilometres south of Douala by road. The World Bank Group`s (WBG) proposed investment includes a 50 million loan from IFC and a partial risk guarantee (PRG) from the World Bank (IDA) to local Cameroonian banks. This constitutes a follow-on investment: in 2011 a 35 million loan from IFC and a PRG from the World Bank were approved to support Kribi I construction (refer to the disclosure link for IFC project 25978, disclosed April 2, 2010: ifcextapps.ifc.org/ifcext/spiwebsite1.nsf/78e3b305216fcdba85257a8b0075079d/a55ed3c726841e8d852576f900633137opendocument The proposed project ("Kribi II" or the "project") involves the expansion of the existing Kribi I power plant, which uses 13 dual-fuel gas-fired engines and was commissioned in May 2013. Kribi II involves installation of an additional seven, 17.9 MW natural gas-fired reciprocating engines of the same manufacturer as those already in operation. The project will add a further 125 MW gross of power generation capacity to Kribi I, delivering a total net electricity generation capacity of 330 MW. The additional electricity generated will be supplied to Energy of Cameroon - Eneo via the existing transmission line constructed for Kribi I. Gas will continue to be supplied from the Sanaga South gas field jointly operated by Perenco and the national petroleum company, SNH. The gas production and delivery facilities for Kribi I were designed to be able to supply sufficient gas for the proposed expansion; therefore, no expansion of these facilities is required. The project`s physical footprint of 1.1 hectares (ha) is completely located within the fenced 16 ha premises of Kribi I. There are no associated facilities associated with the Kribi II project. Existing supporting facilities, such as offices, warehouses, laydown areas, accommodation and staff welfare facilities, toilets, washing facilities, canteen/eating area, located within the existing plant will continue to be utilised during the construction and operation phases of the project. However, a new warehouse and small control building will be built for the operation of the new plant. Accommodation during the construction and operational phases (approximately 600 and 20 employees respectively) will be in existing facilities in Kribi town. There will be no temporary construction camp. Transportation to and from neighbouring villages and the site will be provided by the EPC contractor. Kribi II will be implemented by KPDC. KPDC is expected to use the same EPC contractor as was used for Kribi I (Wartsila), a reputable and experienced reciprocating engines and Engineering, Procurement and Construction (EPC) contractor. Construction is planned to begin in second quarter of 2015 and the project is scheduled for completion in fourth quarter of 2016.

Cameroon