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Standard & Poor’s has affirmed its B+ long-term and B short-term sovereign credit ratings, with a negative outlook, placing Senegal’s country risk on a similar level to Ghana, Cape Verde and Kenya.

The high global cost of oil and gas exploration has slowed the pace of work on some of the Gulf of Guinea’s smaller plays, and several blocks secured at the height of industry excitement about the region are now changing hands as the original licensees review their positions. Many of the newcomers are Australians, originally tempted into Africa’s east coast and now looking west. For a number of players,

Portugal’s Escom to build Luapasso; Norway sends gensets to Liberia; Work starts on Aïn Beni Mathar; Senegalese rural electrification; India to finance Isimba project

A meeting of West African leaders in Ouagadougou on 18 January has adopted an Emergency Power Supply Security Plan which moves beyond developing national power infrastructure for the West African Power Pool, to building joint, regional assets on a larger scale.

Swedish independent power plant developer Nykomb Synergetics has signed a contract with Société Nationale d'Éléctricité du Sénégal (Senelec) for the construction of a 125 MWe coal-fired power plant in the village of Sendou, 35km south-east of Dakar.

President Abdoulaye Wade has inaugurated a 67.5MW oil-fired unit on the outskirts of Dakar, built by Lebanon’s Matelec Group and Japan’s MHI Equipment Europe (AE 101/12).

Office National d’Electricité (ONE) is close to finalising a management contract for rural electrification in northern Senegal.

The decision by Senegal’s new government to cancel major contracts with foreign investors sends a worrying signal. Hydro-Québec told Thalia Griffiths it would steer clear of further expansion in the region for now.