ENGIE signs 25-year PPA with Senegal government3 January 2019
Development of energy production in Senegal has entered a new phase, with the signing of a 25 year power purchase agreement.
Energy and services company ENGIE, alongside its investment partner Meridiam consortium and Fonsis, the Senegalese Sovereign Fund, has signed the power purchase agreement with Senelec, the Senegalese off-taker, for two solar photovoltaic projects in Senegal. Developed
by the Senegalese government and the International Finance Corporation (a member of the World Bank Group), the projects have a combined installed capacity of 60 MW and are part of the wider Scaling Solar initiative in Senegal. This signing follows the preferred bidder announcement that was made in April earlier this year. The construction and operation of the two projects, that are located in Kahone within the Kaolack region, and Kaël in the Touba region, will be managed and executed by ENGIE.
To help remedy a situation whereby nearly half the population is unable to access electricity, the Scaling Solar project enables governments to rapidly mobilise privately funded projects to improve access. “This long-term public-private partnership with the Senegalese Authorities and Senelec is the first IPP project of ENGIE in the country. We have been able to capitalise on our experience of developing and operating renewable energy projects in Africa” commented Philippe Miquel, head of ENGIE Western & Central Africa.
Yoven Moorooven, CEO of Engie Africa comments: “ENGIE has been committed to developing and implementing solutions that meet Africa’s economic and social needs for decades. Our focus is now on the future and on finalising the projects in Kahone and Kaël, ensuring that Senegal has access to sustainable energy for the foreseeable future.” The power plants will contribute to the country’s announced promise to reduce carbon emissions and reduce electricity costs.