Senelec: Best ESG Power Producer West Africa 2016

Making work of promises made at the 2015 Paris Climate Conference, Senegal prepares to embrace solar power with two large-scale projects that are expected to significantly reduce carbon dioxide (CO2) emissions whilst providing a boost to the country’s generating capacity. Work at the construction sites is progressing at accelerated speeds with financing provided by a number of European development agencies. The solar power facilities will inject an additional 50MW into the country’s grid.

Senelec, Senegal’s publicly-owned power company, has moved to the forefront of the drive to green the country’s energy supply and stands at the cusp of a large-scale expansion aimed at improving both service dependability and access. The company has signed a 25-year power purchase agreement with the solar power generators at a highly competitive price which ensures improved access to currents and future customers. Senelec has also managed to aggressively slash power outings.

Senelec currently generates in excess of 650MW and, as a public company, is committed to enhance power distribution throughout the country. Moreover, Senelec has adopted a programme that has furthered the professionalism of its personnel and labour conditions. As a result, the quality of services has also improved by leaps and bounds.

The company tripled its generating capacity over the last 25 years and has established strategic partnerships with privately-owned power generators which now supply about a quarter of its energy.

The CFI.co judging panel commends Senelec on its forward-looking approach and declares the company winner of the 2016 Best ESG Power Producer West Africa.

marten

Recent Posts

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

4 days ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

1 week ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

4 weeks ago

Spectrum Asset Management: Excellence in Preferred Securities Portfolio Management Global 2025

Spectrum Asset Management is a leading institutional manager specialising in preferred and capital securities, with…

1 month ago

Moody’s Ratings: Best Credit Risk Analysis LATAM 2025

Moody’s Ratings is a globally recognised leader in credit ratings, research and risk analysis, with…

1 month ago

La Trobe Financial: Best Investment Management Team Australia 2025

La Trobe Financial has cemented its reputation as Australia’s premier alternative asset manager, demonstrating a…

2 months ago