Sendou

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Complex projects
The case of Sendou

In 2012, FMO co-financed the Sendou I project: a coal power plant in Senegal. The plant is located near the town of Bargny, in the south of Dakar.

FMO’s customer is Compagnie d’Electricité du Sénégal SA (CES), a company incorporated to develop and operate the Sendou power station. CES is owned by international investors. The other financing partners are the African Development Bank (AFDB), the West-African Development Bank (BOAD), and the Banking Company of West Africa (CBAO).

The plant construction, started in 2014, but there was a construction stand still for almost two years due to an irreconcilable shareholder conflict. Under a new ownership structure, the Commercial Operation Date was reached in October 2018, unfortunately the plant experienced technical difficulties and operated intermittently only for a few weeks in the first half of 2019.

At present, stakeholders are working towards a solution to achieve an operational plant that meets technical and Environmental & Social (E&S) international standards.

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Why invest in Sendou

The project was designed to improve access to electricity for the country and increase supply by 30%, while enabling economic growth and improving livelihoods.

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Complaints against FMO

In 2016, FMO received two complaints against its investment in the Sendou project.

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Environmental and social Risks

The construction is finalized but the project hasn’t been operational since July 2019 and is still in breach of FMO’s E&S standards.

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Community engagement

The communities around Sendou have been experiencing several environmental and social changes.

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Next steps

Our key priority for the Sendou project is to get to a satisfactory plan with a credible partner.

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Q&A and timeline of the project

This project has turned out to be one of the most challenging projects in our portfolio.

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