Senegal: Proparco financing for solar scheme

France’s Proparco has approved a loan of €34.5m ($37.8m) to finance the construction and operation of the 30MW Senergy solar photovoltaic power plant. The plant will be built near Méouane, in the Thiès region, and commissioning is scheduled for early 2017. Proparco’s 18-year loan will also finance the construction of grid connection infrastructure for state utility Senelec, which has signed a 25-year power purchase agreement with the developers.