A 96MW oil power plant funded by the World Bank is being built in Senegal.
Tobene Power, an independent electricity producer, owns the plant which is expected to open in early 2016.
The World Bank has provided a €90million (£63m) debt financing package as well as a €28.5million (£21m) loan.
The project has the capacity to be converted to operate on natural gas and provide “affordable and reliable power to Senelec [the country’s electricity network]”, the World Bank claims.
Louise Cord, Country Director for Senegal, said: “Energy is a key sector for the country’s economic development.
“This guarantee will support Senegal’s efforts to secure continuous and reliable electricity production and contribute to meeting the goals of the Senegal Emergence Plan.”