Africa50-Project Finance

Base load power plant platform with currently one operating asset, Tobene power plant. Common and preferred equity investment in a power plant platform. The platform currently owns one asset in Senegal, Tobene Power, a 115 MW heavy fuel oil (convertible to gas) power plant under a 20-year PPA with Senelec, IFC, FMO, Emerging Africa Infrastructure Fund, and the West African Development Bank providing project debt funding.

Africa50's Role

Equity investment.


Melec PowerGen (MPG) and Senelec

Development Impact

  • The power platform’s current and prospective assets are located in Senegal. MPG assets provide significant baseload generation capacity at competitive tariffs that help close the electricity supply gap.


  • MPG assets have been designed for conversion to natural gas input fuel, which advances progress towards cleaner fuel inputs.


Ongoing operations from MPG’s assets will continue to support local employment, tax revenues, and purchase of local goods and services - all of which contribute to labour output

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