The Export-Import (Exim) Bank of India has granted the republic of Senegal a buyer credit (financing granted by a bank to a foreign buyer, allowing it to pay a supplier of goods and services in cash) of US$ 35.26M for the construction of a 225 kV Tanaff to Ziguinchor electricity transmission.
The related loan agreement was signed in Dakar the capital city of the West African country, between Selva Kumar, the resident representative of Exim Bank India in Abidjan, and Amadou Hott, the Senegalese Minister of Economy, Planning, and Cooperation.
About the project
The project in question entails the construction of an approximately 92 kilometers overhead electricity transmission line from Tanaff to Ziguinchor along with bay extensions at Tanaff and Ziguinchor.
It will be implemented by Kalpataru Power Transmission Ltd, a subsidiary of Kalpataru Group and one of the world’s largest players in the power transmission and infrastructure EPC sector.
The project aims to secure the electricity supply to the southern part of Senegal, particularly Tambacounda, Ziguinchor, and Tanaff, upon completion, and reduce operating costs and the price per kilowatt-hour.
It will also initiate the interconnection of 225 kV power transmission line with the Gambia River Basin Development Organization (OMVG) Energy Project that is made up of the hydroelectric facilities of Sambangalou ( 128 MW) – in Senegal – and Kaléta (240 MW) – in Guinea -, as well as a 225 kV interconnection line and associated substations.
The OMVG Energy Project
The OMVG Energy Project is developed by the Gambia River Basin Development Organization (OMVG), which is a sub-regional organization responsible for implementing the integrated development programs of Gambia, Guinea, Guinea Bissau, and Senegal, with a view to the harmonious exploitation of the joint resources of Rivers Gambia, Kayanga-Géba and Koliba-Corubal.