05 Jul Senegal: AFD lends 40 million Euros for the electricity interconnection
05/07/2016 source “Jeune Afrique”
The French Development Agency (AFD) signed on the 1st of July in Dakar with the Government of Senegal an agreement to borrow 40 million Euros (26,238,000 million CFA francs) to complete the financing of the project of electrical interconnection of the Organization for Development of the river Gambia (OMVG). A remarkable progress in the project called Interconnection Line of electricity between the four Member States of the OMVG (Gambia, Guinea, Guinea-Bissau and Senegal).
This sum will thus complete the total amount of 650 million Euros financed by six other technical and financial partners, such as the Islamic Development Bank (IDB), the World Bank, the African Development Bank (ADB), the West African Development Bank (BOAD), the German Cooperation, the Kuwait Development Fund and the European Investment Bank.
This long power line of 1,677 km length has a circuit transmission capacity of 800 megawatts. The hydropower will be produced from the dams of Kaleta (240 MW), in the Republic of Guinea, and Sambagalou (128 MW), in the river Gambia, in Senegal.
According to the Senegalese Minister of Economy, Finance and Planning, Amadou Ba, the specific objectives of the project aim to achieve “the availability of energy in sufficient quantity and quality, at one of the lowest prices in the sub-region – between 60 and 80 FCFA FCFA/kWh – halving the household electricity bills and, finally, to remove the cuts and losses associated by 2017 “.
This project is part of the West African (MES-WAPP) Energy Exchange System of the countries of the Economic Community of West African States (ECOWAS). After finished, it will make the connection, at North, with the energy networks of the Organization of the Senegal River Development (OMVS) joining Guinea, Mali, Mauritania and Senegal, and, at East, of Transco CLSG (Ivory Coast, Liberia, Sierra Leone and Guinea).