Nebras Power investing in Senegal power project
Qatari company joins forces with Japan’s Mitsui to develop power plant.
Nebras Power of Qatar has signed a memorandum of understanding with the National Electricity Company of Senegal and Japan’s Mitsui to study an energy related project in the Republic of Senegal.
Under the MoU, both Nebras Power and Mitsui will do a feasibility study for a project that includes development, financing, construction, operation and maintenance of a Floating Storage and Regasification Units (FSRU) and a power plant that would use the natural gas as fuel in the Republic of Senegal.
The first of its kind project in Senegal will sell the output of the power plant to the National Electricity Company of Senegal under a long-term Power Purchase Agreement (PPA).
Khalid Jolo - CEO of Nebras Power – said: "This memorandum of understanding comes within the framework of promoting economic cooperation between Qatar and Senegal, and we hope to lay the foundations for a strong and long-lasting relationship.
He added: "We seek to get Nebras Power first investment in the Republic of Senegal, and we hope that by this project we will be supporting the electricity needs in Senegal and also contributing to stimulate the Senegalese economy.
“We will ensure that the latest available technology would be implemented in the project and at competitive prices."