Mainstream’s Lekela acquires 158 MW wind project in Senegal
Lekela Power, the Pan-African renewable energy generation platform delivering utility scale wind and solar power in the region, has completed the acquisition of codevelopment rights and sole rights to invest in the 158 MW Taiba Ndiaye Wind Project in Senegal.
The project offers a lowest cost power solution to the exciting and expanding power market of Senegal. Lekela anticipates reaching financial close this year.
Lekela’s current portfolio in construction and development is in excess of 1.3 GW with projects in Egypt, Ghana, South Africa and now Senegal. It is a joint venture between Actis, an investor in growth markets and global renewable energy developer Mainstream Renewable Power.
Chris Antonopoulos, Lekela’s CEO said:
“Energy is critical to the African continent and its continued growth. Lekela is uniquely positioned as a long term investor to provide clean, secure, reliable and competitive renewable energy in Senegal and across Africa’’.
Country news
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June 15, 2016
OPIC signs financing for Cap des Biches expansion
The Board of Directors of the Overseas Private Investment Corporation (OPIC) has approved the support of the 33 MW expansion and development of the existing 52.9 megawatt combined-cycle thermal power plant located in Cap des Biches, Senegal. Read more -
May 25, 2016
Proparco finance Meridiam’s solar project in Senegal
Proparco allocated a €34.5 million loan with an 18-year maturity to finance the construction and operation of a photovoltaic solar power plant in Senegal. Read more -
February 11, 2016
Senegal Is second African country to join WB’s Scaling Solar program
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with the government of Senegal to develop up to 200 megawatts of solar power under Scaling Solar, a World Bank Group initiative helping African countries procure renewable energy quickly and affordably. Read more -
December 02, 2015
IFC, OPIC finance Cap des Biches 53 MW power plant in Senegal
The International Finance Corporation (IFC) and the Overseas Private Investment Corporation have signed financing agreements for the 53 megawatt Cap des Biches power plant. Read more -
August 20, 2014
ContourGlobal to build, own and operate power facility in Senegal
ContourGlobal, an international power generation company, announced on Monday that it has signed an agreement with the Senegalese national utility, Société Nationale d’Electricité du Sénégal (SENELEC), to rehabilitate an existing brownfield site and construct a new 53 MW thermal facility under a 20-year Power Purchase Agreement (PPA). The new facility is designed to burn heavy fuel oil and natural gas and when completed in 2015 will be the lowest cost liquid fuel and natural gas-fired power plant in Senegal. Read more
