|Approval Date||27 Nov 2018|
|Signature Date||29 Jun 2022|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||23220|
The present intervention concerns the 120 MW Malicounda Dual Fuel Power Project. It aims to contribute to adding 120MW guaranteed generation capacity to accompany the GoS in its transformational industry goal and to align with the fast growing economy. The project entails the design, financing, construction and operation of a dual-fuel combined cycle power plant in Malicounda, Mbour, about 67 km from Dakar, Senegal. It consists of a greenfield power plant with a PPA guaranteed to be developed under a 20-year Build-Own-Operate-Transfer (BOOT) scheme with Senelec, the state-owned utility. The plant will utilize heavy-fuel oil (HFO) as primary source of energy, and will be converted to natural gas as soon as it is available in the country. The plant will be connected to the grid through the existing 225kV substation adjacent to the site. The project will also contribute to the improvement of electricity access to the surrounding communities and villages through the medium voltage transmission line to be connected to the substation.
The purpose of the project is to build and operate the 120MW thermal IPP power plant in the Malicounda locality, Department of Mbour about 67 km from Dakar, Senegal.
The main beneficiaries of the project are the populations of the department of Mbour and more specifically the poorest strata and the entire Senegalese population thereafter. The project is expected to create approximately 300 jobs during the construction phase and approximately 50 to 60 jobs during the operation phase. It will also bring around € 99.8 million to the Senegalese government in the form of taxes over the life of the Electricity Purchase Agreement.
African Development Bank
|Last Update||14 Aug 2022|