African Mining March - April 2019 | Page 46

ENGIE signs PPA with Senegal A 25-year power purchase agreement (PPA) has been signed between energy and services company ENGIE and the Senegalese government. two projects that are located in Kahone within the Kaolack region, and Kaël in the Touba region, will be managed and executed by ENGIE. The PPA is for two solar photovoltaic projects and included other stakeholders such as ENGIE’s investment partner Meridiam consortium and Fonsis and the Senegalese Sovereign Fund. “This long-term public-private partnership with Senegalese authorities and Senelec is the first IPP project of ENGIE in the country. We have been able to capitalise on our experience of developing and operating renewable energy projects in Africa — in particular in Senegal,” says Philippe Miquel, head of ENGIE Western & Central Africa. With nearly half of the population unable to access electricity, the Scaling Solar project enables governments to rapidly mobilise privately funded projects to improve access to electricity. The construction and operation of the Yoven Moorooven, CEO of Engie Africa, said, “ENGIE has been committed to developing and implementing solutions that meet Africa’s economic and social needs for decades. The signing of the power purchase agreement demonstrates that our commitment to the region is ongoing. Our focus is now on the future and on finalising the projects in Kahone and Kaël, ensuring that Senegal has access to sustainable energy for the foreseeable future.” b A PPA has been signed for two solar photovoltaic projects in Senegal. 44 AFRICAN MINING MARCH - APRIL 2019 www.africanmining.co.za Developed by the Senegalese government and the International Finance Corporation (member of the World Bank Group), the projects have a combined installed capacity of 60MW and are part of the wider Scaling Solar initiative in Senegal. This signing follows the preferred bidder announcement that was done in April 2018.