Senegal: 120MW Fossil Fuel Power Plant Receives USD 91 Million in Funding

News Flash

  • The 120MW Malicounda fossil fuel power generation plant is set to receive a bridging loan of USD 91 million from Africa50, in collaboration with Oragroup, a subsidiary of Orabank.
  • The loan will assist in the construction of the Dual Fuel Power Plant that is scheduled to be completed at the end of this year.

The 120 MW combined cycle thermal power plant is under construction in Malicounda, 85 kilometres from Dakar. It is designed to produce at least 956 GWh of power a year and initially run on fuel oil but is expected to be converted to natural gas when this becomes available from local fields. It will be connected to the grid through the existing 225kV substation adjacent to the site.

Related news: Avoiding the gas curse in Senegal’s energy sector renaissance

The electricity generated will be sold under a 20-year PPA to local state owned energy utility, Senelec (Société nationale d’électricité du Sénégal).

Related news: COVID delays Senegal’s mega offshore gas project

Author: Bryan Groenendaal

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