Senegal: SENELEC receives 85 million dollars for reorganization plan
13 July 2011
The National Electricity Company of Senegal (SENELEC) is to receive a loan of 85 million dollars from the French Development Agency (AFD).
Last Monday, an agreement was signed in Dakar. This package is intended to partially finance the reorganization program of the energy sector, which aims to create the technical and financial conditions necessary to permanently resolve the problems which arise in the electricity sector, reports a press release from the AFD reported by the Xinhua press agency.
Elsewhere, last Thursday in Abidjan, the West African Development Bank (BOAD) granted a loan of 23.2 million USD to construct road infrastructures.
Said the president of the BOAD, Christian Adovelande, quoted by Xinhua, this financing is for the construction of bridges and the improvement of the road network in the mid-western and southern regions of the country.
"Building these bridges will dynamize trade between Ivorian regions, but also benefit sub-regional trade", he explained.