Senegal: More money for IPPs


Issue 332 - 14 Oct 2016 | 2 minute read

New loans agreed for independent power producers (IPPs) are helping to sustain momentum towards meeting the government’s ambitious generation targets. The US’ Overseas Private Investment Corporation (Opic) has agreed financing worth more than $300m and insurance of more than $90m for two IPPs – Parc Eolien Taiba N’Diaye and Cap des Biches. Green Africa Power (GAP), part of the Private Infrastructure Development Group, agreed a €20m loan for the 20MW Senergy II solar photovoltaic plant in Bokhol, northern Senegal. With prequalification for 100MW solar power in Touba, Kahone and Kaolack open until 12 October and the commissioning of the 70MW Tobene heavy fuel oil (HFO) plant in March, efforts to stimulate the sector are off to a promising start.

Tagged with:

Pin Power, Strategy & risk

Pin Senegal

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register