DAKAR (Reuters) - French development agency PROPARCO will provide an 18-year 35.5 million euro ($39.54 million) loan to finance the construction and operation of a solar energy plant in Senegal, which it says will be the largest of its kind in West Africa.
The 30-MW plant, which be located about 100 km northeast of Dakar, will provide power to 226,500 residents when it becomes operational at the beginning of 2017, PROPARCO said in a statement on Wednesday.
The project will involve investment firm Meridiam; Solairedirect, a French construction company that specialises in solar energy; and Schneider Electric, which is involved in electricity distribution and energy management.
About 57 percent of the West African nation has access to electricity, according to the World Bank.
(Writing by Makini Brice; editing by Jason Neely)

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