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Signature(s)

Amount
€ 33,000,000
Sector(s)
Energy : € 33,000,000
Signature date(s)
23/11/2006 : € 11,000,000
23/11/2006 : € 11,000,000
23/11/2006 : € 11,000,000
Link to source

Summary sheet

Release date
6 June 2006
Status
Reference
Signed | 23/11/2006
20030347
Project name
Promoter - financial intermediary
Félou hydropower plant
Organisation de Mise en valeur du Fleuve Sénégal (OMVS)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 33 million.
EUR 102.5 million.
Location
Sector(s)
Description
Objectives

The project consists of construction of a 60 MW run-of-river hydropower plant close to the town of Kayes in Mali. It forms part of the OMVS’s power supply strategy for Mali, Mauritania and Senegal.

The project will make it possible to increase the power generation capacity of Mali, Mauritania and Senegal while limiting costs. This will enable these countries to meet the strongly growing demand for electricity and assist their economic development.

Environmental aspects
Procurement

If the project were to be constructed in the EU, it would fall under Annex II of the EIA Directive (97/11/EC). An Environmental Impact Study has been carried out, including public participation. Taking into account the proposed environmental and social mitigation measures, the overall environmental impact is considered acceptable.

The tender process for the turnkey contract is ongoing after publication in the Official Journal on 14 April 2006 of the pre-qualification announcement. Other project components not financed by the Bank follow World Bank procedures, which are in line with the Bank’s Guide to Procurement.

Comments

Electricity.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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