These two deals, costing a total of around FCFA 33 billion, involve the construction of two photovoltaic power plants with a combined capacity of 60 MWp at Kaél (Mbacké department) and Kahone (Kaolack department). Initiated by the State of Senegal, in partnership with the World Bank Group, these investments are in line with the country's vision for the development of the energy sector and the diversification of the energy mix as part of the PES.
Entrusted with the task of developing these plants by the Ministry of Energy, FONSIS studied and validated the development of the project. This marked the beginning of a partnership with IFC. Thanks to these transactions, FONSIS has become the first PPP developer of photovoltaic power plants in Senegal, producing solar energy at a record price of 25 FCFA per kilowatt hour. Construction began in 2020, with delivery scheduled for December 2020.