Taiba Wind Senegal (DFC-2018-TAIBAWINDSENE)

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
Lekela Power Holdings (Senegal) Limited
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)
$ 13.00 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)
$ 12.21 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)
$ 330.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project 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
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure