Global energy and services company ENGIE, alongside its investment partner Meridiam consortium and Fonsis, the Senegalese Sovereign Fund, have signed a 25-year power purchase agreement with Senelec, the Senegalese off-taker for two solar photovoltaic projects in Senegal, ENGIE said in a Wednesday press release.
Developed by the Senegalese government and the International Finance Corporation (member of the World Bank Group), the projects have a combined installed capacity of 60 MW and are part of the wider Scaling Solar initiative in Senegal.
This signing follows the preferred bidder announcement that was done in April of this year.
With nearly half of the population unable to access electricity, the Scaling Solar project enables governments to rapidly mobilise privately funded projects to improve access to electricity.
The construction and operation of the two projects that are located in Kahone within the Kaolack region, and Kaël in the Touba region will be managed and executed by ENGIE, the press release added.