Senegal: AfDB approves loan to finance power plant
Image: AfDB Group
The African Development Bank (AfBD) has approved a $58.19 million loan to finance the construction of a 120 MW combined-cycle duel-fuel diesel power plant in Malicounda, Senegal.
According to a statement released on Thursday, the project will include the construction of a 200m transmission line, which will connect to the Senelec 225 kV high voltage substation.
Construction of the project estimated to take 22 months.
“The government of Senegal, with this conventional energy project, further demonstrates its ambition to achieve its contribution objectives set in the Paris Agreement. Indeed, renewable energies must be coupled with a basic energy to ensure the stability of the Senegalese power grid,” said AfDB Vice President for Power, Energy, Climate Change and Green Growth, Amadou Hott.
Speaking to this, the Bank’s Director of Financial Solutions, Energy Policy and Regulatory Affairs, Wale Shonibare said the technology implemented for this project allows for the transition from heavy fuel oil to gas.
The electricity produced by the power plant will be transported by the existing 225 kV Mbour-Sendou-Kounoune transmission line, connected to the interconnection grid that supplies the country’s main consumption centers.
The project forms part of the government’s goal to develop its industry and meet the country’s power supply needs.