🇸🇳SenegalWest Africa
Senelec acquires full ownership of West African Energy, securing 360 MW power plant project
via SeneNews2 min read
Senelec announced on April 25, 2026, the finalization of its acquisition of all shares in West African Energy WAE, making it the sole shareholder of the project. This move aims to secure and accelerate the commissioning of a 360 MW power plant, projected to meet nearly 25% of national demand. The power plant is considered a strategic infrastructure for Senegal and is notable as one of the first major initiatives led by national investors. It also supports the national "Gas-to-Power" strategy, transitioning electricity production to natural gas. The project previously faced difficulties due to a shareholder dispute, leading to a suspension of funding and a slowdown in work. The Senegalese state intervened to resolve the situation, with support from the Minister of Energy, Petroleum, and Mines and coordination from the Prime Minister. This intervention allowed the project to resume, secured financing, and stabilized governance, culminating in Senelec's complete acquisition. The project is 97.5% complete, having already synchronized with the national grid on April 11, 2025, and progressively brought turbines into operation. Full combined cycle completion depends on gas supply. For consumers, this acquisition could lead to reduced risks of power outages, especially during peak demand, due to increased production capacity and enhanced grid stability. The use of natural gas, which is less costly than previous fuels, may eventually impact electricity production costs, though no tari
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