Tobene Oil-Fired Power Plant

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The project includes the expansion of the existing 96MW Tobene oil-fired power plant, located in Senegal with additional 19MW. Installed capacity will increase to 115MW. Melec PowerGen (Matelec Group) is the owner and operator of the plant. The company financed the majority of the cost of the expansion using other short-term resources, and it is now restructuring the facility’s finances on a long-term and sustainable basis. IFC acted as Mandated Lead Arranger and A Lender, Banque Ouest Africaine de Development (BOAD) as Lender and EAIF and FMO, the Dutch Development Agency as B Lenders. The Emerging Africa Infrastructure Fund (EAIF) is increasing its lending to Melec. The new B loan of €6.6 million is part of the financing of the expansion and has a term of 13 years. http://www.pidg.org/news/better-future-for-senegal-with-20ac6-6-million-loan-to-expand-power-station http://eaif.com/news-media/view/emerging-africa-infrastructure-fund-backs-better-future-for-senegal-with-6 http://www.bcafrica.co.uk/sites/default/files/EAIF%2012%206%2017%20Tobene%20Press%20Release.pdf