expected increase in generation capacity
expected reduction in consumer tariffs
jobs expected to be created
Malicounda, Senegal
Africa50-Project Finance
A 120 MW combined cycle thermal power plant at Malicounda
Malicounda is a 120 MW combined cycle thermal power plant under construction in Malicounda, 85 kilometres from Dakar, designed to produce at least 956 GWh of power a year. It is designed to initially run on fuel oil but is expected to be converted to natural gas when this becomes available from local fields.
The electricity generated will be sold under a 20-year PPA and fed into the network through an existing distribution substation.
expected increase in generation capacity
expected reduction in consumer tariffs
jobs expected to be created
Africa50 worked with Senelec (the Senegalese utility) to select a strategic partner (Melec PowerGen). The consortium of sponsors is currently securing debt financing.
Africa50, Senelec and Melec PowerGen
The African Development Bank is the Mandated Lead Arranger