Our flagship project in Senegal is the 116MW Tobene Power project, which accounts close to 10% of the country’s electricity generation and is designed to enable the country’s electrification and development agenda, outlined in the Plan Senegal Emergent. Tobene Power, originally developed by Melec PowerGen Inc, began operations in 2016. Three years later, the plant became part of Azura Power’s pan-African base-load power generation platform through a joint investment by Actis and Africa50. Our successful partnership with the Senegalese government is proof of our commitment to the IPP-led approach to increased generation capacity and testament to Senegal’s strong governance and institutional capacity.
We are also introducing new models of investment. Azura Power has successfully closed the first private investment in Senegal’s energy sector, a robust demonstration of investor confidence in the sector. Looking ahead, we plan to acquire additional power plants with a combined generating capacity of 187MW.