Sierra Leone - Third Power Project

Document of FILE COPY The World Bank FOR OFFICIAL USE ONLY Report No. P-2123-SL REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO SIERRA LEONE FOR A THIRD POWER PROJECT June 29, 1977 L This docement baa rsicted dibutlon and may be used by recipients only In the performance of 'their official duties. Its contents may not otherwise be disclosed without World Bfank authorizatIon.  CURRENCY EQUIVALENTS Currency Unit = Leone US $1 = 1.16 Leone 1 Leone = US$ 0.86 2 Leone 1 Pound Sterling FISCAL YEAR SIERRA LEONE ELECTRICITY CORPORATION = April 1 - March 31 GOVERNMENT OF SIERRA LEONE = July 1 - June 30 ABBREVIATIONS AND ACRONYMS BADEA = Arab Bank for Economic Development in Africa (Banque Arabe du Developpement Economique en Afrique) OvM = Oskar von Miller SLEC = Sierra Leone Electricity Corporation GVA G Guma Valley Authority  FOR OMCLFCL USE ONLY SIERRA LEONE - THIRD POWER PROJECT CREDIT AND PROJECT SUMMARY Borrower: Republic of Sierra Leone Beneficiary: (1) The Borrower for US$1.1 million (2) The Sierra Leone Electricity Corporation (SLEC) for US$7.1 million Amount: US$8.2 million equivalent Terms: Standard Relending Terms: US$7.1 million of the IDA credit would be relent to SLEC for 20 years including 4-1/2 years of grace at 8.5 percent. Project Description: The project would consist of: (a) the installation by early 1978 of a 9.2 MW low- speed diesel-electric generating unit at the pres- ent King Tom power plant as well as the construc- tion of priority 33 kV distribution facilities in Freetown; (b) expansion of generating capacity amount to 2.3 MW in ten isolated provincial centers; (c) supply of data processing equipment for customers billing, inventory records, and general accounting; (d) technical assistance; and (e) consultants' services required to complete the fea- sibility study of the Bumbuna hydro-electric scheme and design studies necessary to tender the construc- tion of the hydro plant's first stage. This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  Estimated Cost: Local Foreign Total