The global energy company ENGIE has signed a 25-year electricity agreement with Senelec
The global energy and service company ENGIE, along with Meridiam and Fonsis, the Senegalese State Property Fund, signed a 25-year electricity purchase agreement with Senelec, the Senegalese franchisee. two solar photovoltaic projects in Senegal and Africa.
Developed by the Government of Senegal and the International Finance Company (a member of the World Bank Group), the projects have a combined installed capacity of 60 MW and are part of the Scaling Solar broader initiative in Senegal.
This signature follows the announcement of the preferred bidder in April of this year.
With about half of the population not having access to electricity The Scaling Solar project allows governments to quickly mobilize privately funded projects to improve access to electricity.
The construction and operation of the two projects located in Kahone in Kaolack and Kaël in the Touba area will be managed and run by ENGIE.
"This long-term public-private partnership with the Senegalese authorities and Senelec is the first ENGP IPP program in the country. We have been able to take advantage of our experience in the development and operation of renewable energy projects in Africa, particularly in Senegal" said Philippe Miquel, head of ENGIE for West Africa and Africa. Central Africa.
Engene Africa CEO Yoven Moorooven said: "ENGIE is determined to develop and implement solutions that meet Africa's economic and social needs for decades." The signing of the energy purchasing agreement shows that our commitment to the region We are now focusing on the future and the completion of the projects at Kahone and Kael, ensuring that Senegal has access to sustainable energy for the immediate future. "
The factories will contribute to the country's commitment to reduce carbon dioxide emissions and electricity costs.