Ten Merina Ndakhar
The project consists of the construction and exploitation of a 20 MW photovoltaic powerplant in Senegal.
Amount
€ 16,000,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Access to basic services & goods
- Fight against climate change and preservation of natural resources
Beneficiary locations
Investment field
Infrastructure
Activity
Energy - Solar
The powerplant is located near Merina Dakhar, a settlement around 145 km north east of the capital, Dakar, which benefits from high levels of sunshine. Once constructed, the company will sell its energy to the national energy company Sénélec.
Ten Merina Ndakhar will be one of the largest solar power plants in West Africa. It will cover the needs of 226,500 inhabitants and will diversify the country's energy mix.
Ten Merina Ndakhar SA will also be in charge of the construction of a 3-km transmission line on behalf of the client Senelec. Tenergie, the initial developer of the project, signed a 25-year PPA with SENELEC, the Senegalese electricity utility at the end of December 2013. Meridiam partnered with Eiffage, joining the project as majority shareholder, so as to finalize the development phase and raise the financing required for financial close.
Development impacts
-
Local economic growth
The annual taxes paid by Ten Merina are estimated at 1,141,000.
-
Private sector consolidation/innovation
Promoting the development of industry through a yearly addition of 50 GWh of electricity to the network;
Reduction of electricity production cost;
Strengthening of the electricity sector through the addition of 4.5% of the total capacity installed in the country;
Increased transparency regarding the energy mix, as the cost of electricity is known for the next 25 years.
-
Access to basic services & goods
by reducing the energy deficit and limiting power cuts.
-
Fight against climate change and preservation of natural resources
The project avoids the emission of 33,000 tonnes of CO2 /year.
View more of our investments in this region
Financial Institutions
TerraPay Payment Services
10,000,000.00
Cameroon, Côte d'Ivoire, Kenya, Senegal, Tanzania, Uganda, Bangladesh, India, Philippines, Vietnam
25/03/2024
Debt
Investment Companies & Funds
SIMA Commercial & Industrial Solar Green Bond
10,000,000.00
Kenya, Nigeria, South Africa
29/12/2023
Debt