Ten Merina Ndakhar

Debt : December 2016

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

Sub-Saharan Africa: Senegal

Investment field

Infrastructure

Activity

Energy - Solar

Organisation

Ten Merina Ndakhar

Domicile

Senegal

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.

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