Banda Gas to Power Guarantee: The Gas To Power Project will use natural gas discovered offshore of Mauritania for a power station to be built near Nouakchott. The power will be sold to SOMELEC in Mauritania, SENELEC in Senegal and EDM in Mali using the existing OMVS regional grid. A PRG is required to guarantee gas payments to the producer Tullow Oil estimated at $104m. Government of Mali needs to provide a counter-guarantee to cover the proportion of the energy that will be exported to EDM estimated at $17m (equivalent to IDA allocation of $4.25m given 1:4 leverage for IDA PRGs). Approval completed on 29 May 2014. Environmental Assessment Category A. Project: P145664. US$ 32.0 (GUID). Consulting services to be determined. Implementing agency(ies) to be determined.
