JINDAL POWER, the Indian conglomerate, and SENELEC, the Senegalese state owned electricity company have signed, a PPA relating to a power plant project of 350 MW on 06 February 2014.
The ceremony took place in Senelec’s headquarters, in the presence of representatives from the Indian Embassy in Senegal, the relevant directors of Senelec, and the Managing Partner of GENI & KEBE.
"We’re very happy to sign this PPA with JindaL after two years of negotiation between our respective teams. This is a project of USD 900 million, the biggest ever signed in the electricity sector in this country. We are hopeful that once implemented, it will boost consistently our energy sector," said Mr. Pape Dieng, Chairman of Senelec.
"It’s been a long journey but we’re happy to make it," said Milind Oza, Chairman of the Senegalese branch of Jindal. "Senegal is our first step in West Africa, and we are confident that not only will this project contribute to boost the energy sector in the country, but it will help as well in alleviating economy and investment as well. We’re very grateful to GENI & KEBE, our attorneys, for advising us on this project. Their support was decisive for us in setting up a branch in Senegal and in achieving our goal."
"This was actually a challenging and exciting project, the biggest one we have so far advised on in the energy sector. We’re very grateful to Jindal Power for their trust in our services," said Mouhamed Kebe, Managing Partner of GENI & KEBE who led the team that advised Jindal on the project.