The European Investment Bank (EIB) has approved 11 million euros (US$13.9 million) in funding for the 59-MW Felou hydroelectric project on the Senegal River in Mali.
EIB officials signed the approval November 23, to help create a run-of-river project without reservoir near Kayes, Mali. (HNN 8/18/06)
The three-nation Senegal River development organization, Organisation pour la Mise en Valeur du Fleuve Senegal (OMVS), is developing the project. The World Bank previously approved US$75 million in credits to OMVS members Mali, Mauritania, and Senegal to help finance construction of Felou.
OMVS recently awarded a US$524,767 contract to Electricite de France to provide technical assistance for the first phase of Felou, one of several hydro projects planned for the Senegal River by OMVS.
Based on a 2003 feasibility study, Felou is to have three bulb turbines designed for a flow of 500 cubic meters per second and a head of 14.8 meters. It is to include a 630-meter diversion channel on the left bank of the river and a three-kilometer, 225-kilovolt transmission line to Kayes station.