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Meridiam and Gabon Power Company successfully reached financial close on the Kinguélé Aval hydroelectric power plant (35MW)

Meridiam and Gabon Power Company successfully reached financial close on the Kinguélé Aval hydroelectric power plant (35MW)
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540,000 people in Senegal to get clean energy with launch of two PV plants

MIL-OSI Europe: Senegal: Scaling Solar – Two PV Plants bring clean energy to more than 500,000

©EIB Nearly 540,000 people in Senegal will get access to clean and affordable power following the launch of two solar photovoltaic (PV) plants, financed by IFC, the European Investment Bank and Proparco, under the World Bank Group’s Scaling Solar program. The two plants that launched operations last month are located in Kael and Kahone in Western Senegal and have a total capacity of 60MWac. They will provide energy at tariffs of 3.98 and 3.80 Euro cents per kilowatt hour, respectively – one of the lowest prices for electricity in Sub-Saharan Africa – and will help avoid 89,000 tons of CO2 emissions per year. The two plants are sponsored by Engie,Meridiam, and the Senegalese Sovereign Wealth Fund for Strategic Investments (FONSIS). The competitive tendering was led by Senegal’s Energy Regulatory Commission (CRSE).

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