The Board of Directors of the African Development Bank Group has approved the recommendations of the Independent Review Mechanism to bring the Sendou coal-fired power plant project in Senegal into compliance with Bank policies and procedures. The compliance review report was approved with a mitigation action plan prepared by the Bank’s management.
The Board’s decision will trigger the process of resolving the main concerns raised by the complainants that the Sendou power plant will have negative impacts and consequences on their environments and their lives.
The IRM will monitor the implementation of the Action Plan and report progress to the Board annually.
The Sendou Coal Power Plant project was approved by the Boards of Director of the African Development Bank on 25 November 2009. The senior loan was for Euro 49, 392,473, with a total project cost of Euro 164,610,732. The project is a public private partnership initiative, which is also co-financed by Banque Ouest Africaine de Developpement (BOAD), CBAO Senegal (a subsidiary of Attijariwafa Bank – Morocco) and the Netherlands Development Bank (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO). The Project started producing power in November, 2018.
Source : afdb.org