Afreximbank, Ndar Energies Sign Senegal Power Plant Agreement

Afreximbank. Bigstock (1)

“Afreximbank is once again proud to support the ambition of indigenous entrepreneurs to develop landmark trade-enabling infrastructure projects that will boost industrialization and export development activities in our member countries,” stated Kanayo Awani, Executive Vice President, Intra-African Trade Bank at Afreximbank.

Baidy Agne, Chairman of Ndar Energies added that, “We are building and structuring a transformational project that embraces modern technology at scale that combines high reliability, low cost and carbon efficiency. Afreximbank’s support will help strengthen Ndar Energies’ capabilities and rapidly bring this project to the market.”

The project will improve baseload power generation in Senegal, reducing the reliance on diesel and improving access to reliable and affordable electricity.

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Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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