The Africa50 Infrastructure Investment Fund signed a joint development agreement with the Senegalese electricity company Senelec, for cooperation on the Malicounda thermal power station. The two entities will jointly carry out the selection of the developer of the plant with a capacity of 120 MW. They will also be responsible for mobilizing the financing and supervision of the construction works and the operation of the infrastructure.
Located 85 km from Dakar in the department of Mbour, the Malicounda power station will operate on fuel oil. It can also produce energy from natural gas, which will be possible once the gas fields discovered in the country come into operation. The energy generated will be transferred to the power grid under a 20-year power purchase agreement to be signed between the parties.
The construction of this power plant is part of the national energy policy which aims to increase the country’s electricity power while reducing the cost of disposing of the energy produced.
"We are grateful for the leadership of President MackySall who has supported this innovative approach to joint development between Senelec and Africa50, a model of public-private collaboration that will enable us to effectively develop priority projects all over Africa,"said Alain Abobissé (photo), the director general of Africa50 at the signing ceremony of the convention.