{"id":471323,"date":"2021-05-20T11:59:06","date_gmt":"2021-05-20T11:59:06","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471323"},"modified":"2021-05-20T11:59:06","modified_gmt":"2021-05-20T11:59:06","slug":"senegal-takes-a-new-step-in-its-low-cost-electricity-project","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/05\/20\/senegal-takes-a-new-step-in-its-low-cost-electricity-project\/","title":{"rendered":"Senegal takes a new step in its low-cost electricity project"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The director general of the National Electricity Company of Senegal (S\u00e9n\u00e9lec), Pape Demba Bit\u00e8ye, announced Thursday, May 20, the upcoming commissioning of a new power plant with a capacity of 120 megawatts from September, in the commune of Malicounda, in Mbour, a city located in the west of the country.<\/p>\n<p>Senelec owns 15% of this plant and will sit on the board of directors as a shareholder.<\/p>\n<p>This project, with funding estimated at 350 million euros, was developed by national investors and entrusted to the Lebanese group Matelec, its largest project to date on the African continent. Funding is 70% provided by the International Finance Corporation (IFC), a member of the World Bank group, and 30% by the group itself.<\/p>\n<p>The power station, which will start up gradually with heavy gall at first, will be able, according to assurances from Demba Biteye, to operate on domestic gas as soon as Senegal has it, according to the &#8220; Gas-To-Power &#8221; process, which would lead to a reduction in production costs.<\/p>\n<p>Matelec will sell the energy produced to Senegal\u2019s national electricity company (Senelec), and once the contract expires, the thermal power plant will be transferred to Senelec. The group already manages two other thermal power stations in Senegal. The first, with a production capacity of 67.5 MW, has been operational since 2008 and the second, with a capacity of 115 MW, has been operating since 2016. These plants are located in Kounoune and Tob\u00e8ne respectively.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The director general of the National Electricity Company of Senegal (S\u00e9n\u00e9lec), Pape Demba Bit\u00e8ye, announced Thursday, May 20, the upcoming commissioning of a new power plant with a capacity of 120 megawatts from September, in the commune of Malicounda, in Mbour, a city located in the west of the country. Senelec owns 15% of this<\/p>\n","protected":false},"author":527297,"featured_media":471324,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12028,12036],"tags":[18345,18344,18343,17779,16241],"class_list":{"0":"post-471323","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"category-sectors","9":"tag-electricity-project","10":"tag-low-cost-electricity-project","11":"tag-new-step","12":"tag-project","13":"tag-senegal-2","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Senegal takes a new step in its low-cost electricity project - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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