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02/02/2018 17:45:15

VINCI : VINCI Energies wins a major contract to expand the electricity grid in Senegal

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Rueil Malmaison, 2 February 2017

VINCI Energies wins a major contract to expand the electricity grid in Senegal

  • Construction of five extra high voltage transformer stations, 200 km of underground and overhead EHV transmission lines, over 100 distribution substations and a regional load dispatch centre

  • Overall contract value: €197 million

Via its Omexom energy transition brand, VINCI Energies has won the Société d'Electricité du Sénégal (SENELEC) contract to install five new extra high voltage transformer stations, nearly 200 km of overhead and underground EHV transmission lines, over 100 distribution substations in various parts of the country and a regional load dispatch centre. The project is part of Senelec's transmission and distribution grid expansion, reinforcement and reliability enhancement programme (the 2016-2020 Strategic Plan). The €197 million project will take 36 months to complete and involves the cities of Dakar, Diass, Diamniadio, Thiès, Kounoune, Tobène and Tambacounda.

The contract is fully financed by a banking pool made up of French and Senegalese lenders and is backed by the French authorities via a BPI Assurance Export guarantee and the Senegalese authorities via a Ministry of Economy, Finance and Planning guarantee.

The project will enhance the reliability of the Senegalese electricity grid. In Dakar, it will give the strategic city-centre neighbourhoods three new sources of supply. An extra high voltage transformer station will be built to secure the power supply in the new suburb of Diamniadio. A second transformer station will be installed in the city of Thiès to secure the electricity supply of several towns in the vicinity. Lastly, the contract covers reinforcement of the distribution grids in Dakar, Tambacounda, Kounoune, Diamniadio and Thiès.

Access to electricity is a key economic and social development goal in Senegal, where VINCI Energies is increasingly expanding the business activity of its Senegalese subsidiary via transfer of expertise from its Moroccan and French subsidiaries. In 2017, the business unit was awarded the contract to build photovoltaic solar power plants with combined capacity of 17 MW. It is currently carrying out BoP electrical works at the 21 MW Kahone solar power plant. VINCI Energies is stepping up its business activities in Senegal as part of its increasing engagement in Africa, where it notably participated in Morocco's major electricity transmission and rural electrification programme and recently inaugurated West Africa's largest (33 MW) solar farm in Zagtouli on the outskirts of Ouagadougou in Burkina Faso.

About VINCI Energies

In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organisational structure, VINCI Energies' business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings

2016: €10.2 billion revenue // 64,500 employees // 1,600 business units // 52 countries

www.vinci-energies.com

About VINCI

VINCI is a global player in concessions and contracting, employing more than 183,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI's goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.

www.vinci.com

PRESS CONTACT

VINCI Press Department

Tel.: +33 (0)1 47 16 31 82

media.relations@vinci.com

PDF


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: VINCI via Globenewswire

Attachment: PDF.pdf
02 févr.: VINCI : VINCI Energies remporte un important contrat de développe..
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