Senegal, US Govt Agency sign $550m power deal
By: Mandisa Nduli, Editor
The U.S. government’s Millennium Challenge Corporation represented by U.S. Secretary of State Mike Pompeo and Senegalese Prime Minister Mohammed Dionne have signed a $550 million five-year power deal aimed at strengthening Senegal’s power sector.
The $550 million Senegal Power Compact will modernize and strengthen the West African country’s power sector and in turn increase its economic growth.
The government of Senegal will contribute a further $50 million to the power deal bringing the total to $600 million.
In a statement released by the State Department Deputy Spokesperson Robert Palladino said: “The $600 million compact will strengthen electrical transmission links in Senegal’s capital, expand electricity coverage in rural areas, and improve overall governance of the power sector.”
The Senegal Power Compact is expected to benefit over 12 million people and consist of three projects.