Dakar — The Republic of Senegal and Senelec (Société National d'Éléctricité du Sénégal) signed a guarantee today for the Tobene Power Project with the World Bank Group's International Development Association (IDA), Tobene Power S.A., Citibank and BNP Paribas.
Tobene Power S.A is an independent power producer (IPP) set up to develop, own, build and operate a 96 megawatt high efficiency heavy fuel oil power plant in Taiba Ndiaye, approximately 90 km northeast of the capital, Dakar. The IPP is owned by Melec PowerGen, an affiliate of the Matelec Group. The power plant has the capacity to be converted to operate on natural gas, and will provide affordable and reliable power to Senelec, in turn supporting Senegal's electricity demand growth.
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