Energy Capital & Power

Afreximbank, Ndar Energies Sign Senegal Power Plant Agreement

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The African Export-Import Bank (Afreximbank) has signed a Framework Agreement with Senegalese power firm Ndar Energies for the development of a 250 MW gas-to-power facility. The project, set to be located in Saint Louis in Senegal, will comprise a combined cycle gas turbine power plant and pipeline. Afreximbank and Ndar Energies will co-finance the development, design, construction and operation of the project. Afreximbank will participate in the project as Lead Project Developer and Mandated Lead Arranger – thereby taking charge of preparatory services and syndicating debt raise.

“Afreximbank is once again proud to support the ambition of indigenous entrepreneurs to develop landmark trade-enabling infrastructure projects that will boost industrialization and export development activities in our member countries,” stated Kanayo Awani, Executive Vice President, Intra-African Trade Bank at Afreximbank.

Baidy Agne, Chairman of Ndar Energies added that, “We are building and structuring a transformational project that embraces modern technology at scale that combines high reliability, low cost and carbon efficiency. Afreximbank’s support will help strengthen Ndar Energies’ capabilities and rapidly bring this project to the market.”

The project will improve baseload power generation in Senegal, reducing the reliance on diesel and improving access to reliable and affordable electricity.

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MSGBC, OIL, GAS & POWER 2023 CONFERENCE AND EXHIBITION

Under the patronage of of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber, MSGBC Oil, Gas & Power will take place in Nouakchott, Mauritania, with the event serving as a catalyst for investment and multi-sector development in 2023. To find out more visit msgbcoilgasandpower.com or contact sales@energycapitalpower.com.

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Under the patronage of of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber, MSGBC Oil, Gas & Power will take place in Nouakchott, Mauritania, with the event serving as a catalyst for investment and multi-sector development in 2023. To find out more visit msgbcoilgasandpower.com or contact sales@energycapitalpower.com.

Anine Kilian

Anine Kilian

Anine Kilian is the Managing Editor at Energy Capital & Power. She produces our Africa Energy Series reports, co-ordinates our range of Africa Energy Series Publications and is in charge of running and maintaining ECP’s news desk. She has worked as an editor and journalist in the energy industry for over ten years, with a major focus on Africa’s oil & gas and renewables sector.

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