Energy
Tobene Power
Senegal, West Africa
Africa50’s first investment through a baseload power platform called Azura Power Limited (APL). Tobene Power is a 115 MW combined cycle heavy fuel oil plant based in Senegal which was acquired from Melec Power Gen (MPG).
About project
Africa50’s first investment through a baseload power platform called Azura Power Limited (APL). Tobene Power is a 115 MW combined cycle heavy fuel oil plant based in Senegal which was acquired from Melec Power Gen (MPG). The asset is convertible to gas and has a 20-year power purchase agreement with Senelec. The senior lenders pool includes the IFC, FMO, the Emerging Africa Infrastructure Fund, and the West African Development Bank.
Role of Africa50
Equity investment
Our partners
Melec PowerGen (MPG) | Senelec
Project impact
Development
- 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.
Environment
- MPG assets have been designed for conversion to natural gas input fuel, which advances progress towards cleaner fuel inputs.
Employment
- 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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