Ten Merina Ndakhar SUARL (DFC-2017-TENMERINANDAK)

Countries
  • Senegal
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Meridiam Africa Investments SAS
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 2.96 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 48.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported €43,047,420
Converted using 2020-06-27 exchange rate.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

Ten Merina Ndakhar SA will develop, own and operate a 29.5 MW photovoltaic solar farm in Merina Dakhar Commune approximately 150km north of Dakar and deliver 20 MWac of power to the national grid via a newly constructed 3.5 km transmission line connected to the solar farm (the “Project”).

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure