The National Electricity Company of Senegal (SENELEC) obtained Thursday, July 5, a package of 34 billion CFA francs from the French Development Agency (AFD).
The funding that is part of the implementation of the Smartgrid program aims to strengthen and modernize the company’s strong transportation networks. The agreement was signed by Senegal’s Minister of Economy, Finance and Planning, Amadou Ba, and the director of the French Development Agency, Laurence Hart.
Indeed, the Smartgrid is a so-called “smart” network designed to optimize production, distribution and consumption to better match electricity supply and demand. It will have to allow the reinforcement and the modernization of the transport networks in order to take into account the new capacities of energy production of SENELEC, and thus to reduce the losses inherent to the transport of energy.
This program “aims to improve Senegal’s energy competitiveness and the living conditions of the population by securing the supply of electricity and increase the share of renewable energy in production,” according to Amadou BA.
In 75 years of presence in Senegal, AFD has initialed 41 financing agreements for a total amount of over 129 million euros, or about 846, 4 billion CFA francs.
