Welcome!

News Feed Item

ContourGlobal And Senegal Sign Agreement To Bring 53 MW Of New Thermal Electricity Generation In 2015

ContourGlobal will invest euro 85m to build, own and operate a new power generation facility located on an existing brownfield site in Dakar, Senegal under a 20-Year Power Purchase Agreement

DAKAR, Senegal and PARIS and NEW YORK, Aug. 18, 2014 /PRNewswire/ -- ContourGlobal, an international power generation company, announced today that it has signed an agreement with the Senegalese national utility, Societe Nationale d'Electricite du Senegal (SENELEC), to rehabilitate an existing brownfield site and construct a new 53 MW thermal facility under a 20-year Power Purchase Agreement ("PPA").  The new facility is designed to burn heavy fuel oil and natural gas and when completed in 2015 will be the lowest cost liquid fuel and natural gas-fired power plant in Senegal.   

The agreement was signed at the Embassy of the Republic of Senegal in Washington D.C. at the start of the inaugural US-Africa Leaders Summit in the presence of the Minister of Foreign Affairs of the Republic of Senegal, Mr. Mankeur Ndiaye, and Mr. Joseph C. Brandt, President & Chief Executive Officer of ContourGlobal.  The project, located on the outskirts of the capital city Dakar, and called ContourGlobal Cap des Biches, will be constructed on an existing power plant site acquired by ContourGlobal in May 2013.  ContourGlobal will install Wartsila 18V46 high efficiency engines, a technology that has been used by ContourGlobal in Togo and Rwanda.  The engines will be coupled with a steam turbine technology known as "flexi-cycle" to increase the generation capacity, thereby further reducing the cost of electricity.

"We are excited to have signed the addition of much needed new electricity generation to the growing Senegalese economy on the eve of the historic US-Africa Leaders Summit.  By utilizing the infrastructure at the existing site, we are able to provide SENELEC with the lowest cost electricity in their engine-based generation portfolio, replacing expensive emergency power rental equipment.  By designing the project with Wartsila so that it can quickly be converted to natural gas, we are working to fulfill the promise made by President Macky Sall to diversify the Senegalese power infrastructure away from liquid fuels," said Mr. Brandt.

Mr. Ndiaye commented, "The Power Purchase Agreement for a 53 MW power plant using Heavy Fuel Oil (HFO) contributes to the success of the strategic vision of President Macky Sall set out in his 'Plan Senegal Emergent' (PSE). This investment, of more than $100 million, will help to reinforce the production capacity of SENELEC and will allow us to satisfy the expectation of the population."

ContourGlobal also announced today that Cheick-Oumar Sylla will join ContourGlobal to lead ContourGlobal's operations in Africa and serve as a member of ContourGlobal's Executive Committee.  Mr. Sylla previously served as the Executive Vice President at the Islamic Corporation for the Development of the Private Sector (ICD), Member of the Islamic Development Bank (IDB), where he ran the Direct Investment and Financing Department.  While at ICD from 2011 to August 2014, Mr. Sylla oversaw existing and new investments in Africa.  Mr. Sylla was also responsible from May 2014 for directing ICD's banking operations in West Africa on special assignment as Chief Executive Officer & General Manager of Tamweel Africa Holding.

"ContourGlobal is one of the most innovative power companies in the market and I am excited to have been chosen to lead Contour's business in Africa," Mr. Sylla commented.  "This is a unique opportunity to join a fast growing, dynamic but established company and continue to contribute to the growth of the power sector in Africa."

About ContourGlobal
ContourGlobal is an international generation company, headquartered in New York with approximately 3,718 MW in operation and under construction in 17 countries and on four continents. With 1,600 employees, the company operates a portfolio of 41 plants using a wide range of fuels and technologies, including the production of renewable energy from hydro, wind, solar and biomass sources, as well as an extensive fleet of conventional thermal.

SOURCE ContourGlobal

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...