Commodities / NEWS UPDATE
Senegal’s Ambitious Plan to Slash Electricity Costs and Boost Energy Security
Published · 1 min read
Senegal aims to diversify its energy sources under Vision 2050, focusing on both oil and gas exploration and renewable energy development.
The government seeks to reduce energy costs and enhance security by expanding production capacity and shifting from heavy fuel oil to natural gas. Recent projects include the NEA Kolda photovoltaic plant and the Taiba N'Diaye wind farm, which together increased renewable capacity. Additionally, Senegal is opening 104 oil and gas blocks for investment to boost domestic production, aligning with plans to supply natural gas to power stations and reduce reliance on expensive fuels.