Senegal Power Compact
Senegal is an important partner of the United States and MCC and has a rising economy that is attracting global investment. Senegal is one of Africa’s fastest growing economies yet economic growth and progress are constrained by the high cost of electricity to grid-connected firms and low access to electricity in the peri-urban and rural areas. Ensuring consistent and affordable access to energy in Senegal will allow businesses to grow, catalyze private sector investment, increase productivity and employment, and ultimately support diversification and growth of Senegal’s economy.
The five-year, $550 million MCC Power Compact, between the Government of the United States and Senegal, and a supplemental $50 million from the Government of Senegal for a total $600 million program, was signed in December 2018 and seeks to address these significant constraints to economic growth. The compact investment is designed to strengthen the power sector, by increasing reliability and access to electricity and aims to help the Government of Senegal establish a modern and efficient foundation upon which the nation’s power system can grow.
The compact, implemented on behalf of the government by the Millennium Challenge Account Senegal II (MCA-Senegal II) in collaboration with MCC, consists of three projects designed to take a complementary approach to improving the power sector: improving the transmission network to meet the growing demand on the interconnected network in Senegal, increasing electricity access in rural and peri-urban areas of the south and central regions, and improving the overall governance and financial viability of the sector.
Financials
Financials as of June 30, 2023
Compact Budget
Milestones
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Signed:
December 10, 2018 -
Entry Into Force:
September 9, 2021
Compact Projects
As of July 26, 2023