WADB grants 47.6 million dollars to Senegal for electricity
28 June 2011
The West African Development Bank (WADB) has granted two loans to Senegal totaling 47.6 million dollars to finance two projects in the domain of electricity infrastructure.
The first loan, in the amount of 21.6 million USD, is destined for the leasing and operation of a 50 MW turnkey power station, says a press release from the Energy Ministry, reported by the newspaper Afrique 7.
The power station should enter service within two months. It will consist of containerized heavy fuel sets with a unit output of 1.5 MW.
The second loan of 26 million USD will be granted to the national electricity company, SENELEC, for an energy transport project.
Senegal will also obtain financing of 35 billions FCFA (75.7 million USD) from the Energy Development Fund (FDE) whose board of directors is meeting Friday July 1 with members of the Board of Directors of the WADB, reports the APS press agency.