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.