Senegal: AFD to grant 50 million Euros to SENELEC
3 May 2011
The Agence Française de Développement (AFD) is to provide a 50 million euro package to the Société nationale d'électricité sénégalaise (SENELEC) to renovate its generating plants.
Dov Zerah, director of the Agence française de développement (AFD) announced the support for Senegal on April 15, which will help it to resolve its electricity problems, at the end of an audience with the Senegalese head of State, Abdoulaye Wade.
The works concern a total of 14 power stations, which should thereby return to an output of "at least 60 MW", it was disclosed by Mr. Castaing Denis, Director of the AFD in Senegal, in an interview with the newspaper Les Afriques.
"This finance is for urgent investments, which are vital in the coming months. We hope to be in a position to mobilize the funds by the end of June according to our board. We will make sure the funds are used appropriately, and this will be controlled in accordance with the specifications", he added.
The quality of the works will be monitored by French company EDF.