67771
    FROM:      Vice President and Corporate Secretary
 

 

                              Minutes of Meeting of the Board of Directors of MIGA,
                       held in the Board Room on Tuesday, February 28, 2012, at 2:34 p.m.
 

 

  1.        There were present:
                                                                CHAIR:
 
                                             I. Kobayashi, Executive Vice President
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  A. Almofadhi                           I.   Hoven
  K. Aminul Islam (Alternate)            K. Huber (Alternate)
  C. Asike (Temporary Alternate)         S.   James (Alternate)
  M. Ayesu (Temporary Alternate)         L.   Laraia (Temporary Alternate)
  Y. Bamba (Temporary Alternate)         S.   Lutfi (Temporary Alternate)
  D. Bohan (Alternate)                   M. Muhtar (Alternate)
  A. Brandt                              T.   Nishino (Temporary Alternate)
  A. Clark (Temporary Alternate)         H.A. Taha
  H. Dufey (Temporary Alternate)         R.   Treffers
  K. Florestal (Temporary Alternate)     N. Viggiolo (Temporary Alternate)
  J. Frieden                             J.   Whitehead
  V. Grishin                             F.   Zang (Temporary Alternate)
  R. Hernandez (Temporary Alternate)
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
 
  D. Kalyalya                            W. Rissmann
 
  OFFICERS AND STAFF PARTICIPATING:
                               
  S.M.Indrawati, Managing Director       J. Zutt, Director, AFCE2*
  A. Peuker, Acting Corporate Secretary  K. Capoor, AFTEG
  S. de Silva, Senior Counsel, MIGLC     L. Monari, AFTEG
  A. Toft, Deputy General Counsel, LEGVP A. Narayadu, MIGOP
  D. Harris, Chief Counsel, CLEAA        J. Walliser, AFRVP
  S. Khairi, Vice President, CRFVP       A. Yaqub, CN2S7
  B. Sheahan, Director, CN2DR            R. Krech, Corporate Secretariat
  E. Quintrell, Director, MIGOP

         *Via Videoconference


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 Group authorization. 
 
                                                                   -2-


  Kenya - Guarantee to Melec PowerGen Incorporated for an Investment in, and to ABSA Bank
  Limited for Financing to Thika Power Limited, and Guarantee to Standard Bank of South Africa
  for a Non-Shareholder Loan to Triump Power Generating Company Limited

  2.       The Board of Directors considered the Report from the President on guarantees to (1) Melec
  PowerGen Inc. for its investment in, and to ABSA Bank Limited for its financing to Thika Power
  Limited, and (2) to Standard Bank of South Africa for its non-shareholder loan to Triumph Power
  Generating Company Limited, in Kenya (MIGA/R2012-0003, dated February 14, 2012) and concurred in
  the issuance of the guarantees on the terms and conditions set out in the President’s Report.

  Minutes of Previous Meeting

  3.      The Board of Directors recorded its approval on February 10, 2012 of the Minutes of the meeting
  held on January 31, 2012 (MIGA/M2012-0005).
 
  Adjournment
 
  4.      The meeting adjourned at 3:45 p.m.
 

 

 

 

 

 

 

 

 

 

                                          




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 Group authorization.