ENGIE and investment partner Meridiam were selected by Senegal’s Electricity Sector Regulation Commission (CRSE) as a preferred bidder in a tender launched in October 2017 for two solar photovoltaic projects totaling 60 MW.
These two projects are part of the Scaling Solar initiative in Senegal, conducted jointly by the Senegalese authorities and the International Finance Corporation (“IFC”, member of the World Bank Group). They are located in Kahone, in the Kaolack region, and in Touba-Kaël, in the Diourbel region.
ENGIE and Meridiam will hold a 40% shareholding in the project company. FONSIS, the Senegalese sovereign fund, will also be a shareholder with a 20% equity stake. The construction and the operation of the plants will be managed and executed by ENGIE.