Senegal: Ndar Energies to build a 250 MW gas-to-power plant in Saint Louis

On Wednesday, the African Export-Import Bank (Afreximbank) and Senegalese power company Ndar Energies S.A. signed a Framework Agreement for the development of a 250 MW combined cycle gas-to-power plant in Senegal.

The agreement covers the financing, design, construction, and operation of the €430m facility that will be built in Saint Louis in northern Senegal, next to the border with Mauritania. Afreximbank will act as the Lead Project Developer and Mandated Lead Arranger.

“The project, which possesses strong climate finance credentials, is in line with Afreximbank’s strategy to support the deployment of just energy transition solutions across Africa,” the bank said in a statement.

Senegal is significantly expanding its gas-to-power capacity as domestic gas expects to become available in the coming years from offshore fields operated by bp.

Earlier this month, President Macky Sall inaugurated the new 120 MW Malicounda power station which will ultimately run on gas and was co-developed by Africa50.

Another 300 MW power plant has also been under construction in Cap des Biches in Dakar by West African Energy since March 2021.

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