May 19, 2020

ENGIE and Meridian to develop two PV solar projects in Senegal worth 60MW

Energy
Senegal
Solar
ENGIE
professo
2 min
ENGIE and Meridian to develop two PV solar projects in Senegal worth 60MW

Senegal’s Electricity Sector Regulation Commission (CRSE) has selected the French utility, ENGIE, and its investment partner, Meridium, to develop two solar photovoltaic (PV) projects.

The tender for the projects, which have a combined capacity of 60MW, was launched in October 2017.

The projects are to be located in Kahone in Senegal’s Kaolack region, and Touba-Kaël, in the Diourbel region.

The PV projects are part of Senegal’s Scaling Solar initiative – conducted by the International Finance Corporation and the Senegalese authorities.

ENGIE and Meridiam are to hold a 40% stake in the PV projects, with the Senegalese sovereign fund, FONSIS, having a 20% stake.

The French firm will be responsible for the construction and operation of the energy plants.

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“Our consortium delivered a highly competitive offer by leveraging our experience of developing and operating renewable energy projects in Africa – in particular in Senegal,” stated Yoven Moorooven, CEO of ENGIE Africa.

“This success demonstrates the merit of our integrated model for solar whereby ENGIE is acting as investor, operator and EPC contractor through ENGIE Solar (formerly known as Solairedirect).”

“The CRSE and the IFC set out a clear, sound investment framework, which favored the presence of long-term investors like ENGIE.

“Our focus will now be on finalising the projects to deliver the most competitive solar photovoltaic plants, to serve the country’s ambition of developing universal electricity access in a sustainable manner. Congratulations to the teams on this achievement. “

“We continue to deploy our fund in Africa, choosing projects aimed at supporting sustainable economic development,” noted the COO of Meridiam Africa, Mathieu Peller.

“Thanks to the reduced costs of solar equipment, this particular project will have a high developmental impact by expanding Senegal's capacity to generate clean energy at a very competitive price.”

“Increasing power generation is critical for the Government's objective to raise Senegal to the level of an emerging market by 2035.”

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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