Taiba Wind Senegal (DFC-2018-TAIBAWINDSENE)

Countries
  • Senegal
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Lekela Power Holdings (Senegal) Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 13.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 12.21 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 330.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The development, construction and operation of an up to 158.7 megawatt (“MW”) wind farm in Taiba N’Diaye, approximately 70 kilometers (“km”) northeast of Dakar, Senegal (the “Project”). Parc Eolien Taiba N’Diaye (the “Foreign Enterprise”) will sell electricity to Société Nationale d’Electricité du Senegal (“SENELEC”), the state-owned utility, pursuant to a 20-year power purchase agreement (“PPA”) with a term that commences on the commercial operation date. The Project will contribute to solving the problem of electricity shortages in Senegal by adding a total of 158.7 MW of generation capacity, which is a 24% increase in Senegal’s available installed power capacity of only 666 MW. With a base tariff equivalent to US$ 0.11/kWh, the Project will also help to reduce the cost of electricity generation in a country that experiences some of the highest prices in sub-Saharan Africa (approximately US$ 0.30/kWh).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

How it works

How it works