Senegal Solar Energy Development through IPPs Project

In the spirit of 'Scaling up Solar' initiative developed by IFC, the Project will support Solar Energy Development in Senegal through IPPs selected competitively and transparently on the basis of the lowest price per kWh. In order to attract interest from major international developers, minimize transaction costs and uncertainties with regard to contract negotiations and finance mobilization, the bidding package will include draft legal agreements (PPAs, and concession agreements) as well as a financing package (term sheet of loans, risk mitigation instruments including proposed Bank guarantee…).In the spirit of 'Scaling up Solar' initiative developed by IFC, the Project will support Solar Energy Development in Senegal through IPPs selected competitively and transparently on the basis of the lowest price per kWh. In order to attract interest from major international developers, minimize transaction costs and uncertainties with regard to contract negotiations and finance mobilization, the bidding package will include draft legal agreements (PPAs, and concession agreements) as well as a financing package (term sheet of loans, risk mitigation instruments including proposed Bank guarantee…).