Kounoune Power Limited

Kounoune Power SA, a subsidiary of Melec PowerGen Inc, developed, built and operates a 67.5 Megawatt heavy fuel power plant in Senegal, based on a 15-years BOO contract with the local utility Senelec. The project benefits from a long term financing package by international institutions lead by the International Finance Corporation (World Bank Group) and the African Development Bank. It is the first infrastructure project in Senegal carried out by private investors.

The Project, The Plant

Kounoune Power SA, a subsidiary of Melec PowerGen Inc, is a Senegalese limited liability company established in 2004 for the construction and operation of the power station. The 15-years energy supply contract with Senelec was signed on February 5th 2005. On May 18th 2005, the World Bank approved credits, loans and partial risk guarantees of the project. The African Development Bank approved project investment on June 22nd 2005, and the loan agreement was signed on November 18th 2005. On July 21st 2006, the African Development Bank and Kounoune Power SA signed security agreements of mortgage, collateral and pledges in Dakar. The strategic partners of Kounoune Power SA are Mitsubishi and Matelec S.A.L, a division of the Doumet group.

The Kounoune power station is an oil-fired power station in Senegal. It is located in Kounoune, 23 kilometres (14 mi) east of Dakar.
The plant consists of 9 diesel gensets of 7.5MW each completed with all auxiliary equipment, 90kV substation, fuel storage and pipeline.

Kounoune Power plant was inaugurated and launched on Januray 22, 2008.