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



  • 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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