Senegal Targets $400M in Energy Efficiency Investment Ahead of MSGBC 2026
Senegal is advancing nine energy efficiency programs requiring more than FCFA 240 billion (nearly $400 million) in investment, spanning public buildings, industry, street lighting, households and commercial cooling. Led by the Agency for the Economy and Management of Energy (AEME), the portfolio represents the demand-side complement to the country’s expanding investment in gas, renewables and power infrastructure.
Mobilizing capital for projects across the energy value chain will be a central focus at MSGBC Oil, Gas & Power 2026, taking place in Dakar this December. As Senegal and its regional neighbors move from energy resource development toward infrastructure deployment, the conference will connect governments and project developers with financiers, investors and technical partners capable of advancing projects toward implementation.
AEME convened a workshop in Dakar in September 2026 to present the country’s draft National Energy Efficiency Strategy and Action Plan (NEESAP), developed with support from the African Energy Commission and the EU-funded Continental Energy Program in Africa. Modeling carried out during the process found that Senegal has the potential to increase its energy productivity by 70% by 2050 and 100% by 2063, exceeding the targets set for it under the African Union’s continental energy efficiency strategy adopted in 2025.
The largest program in the portfolio is the energy upgrading and solarization of public buildings, budgeted at 113.8 billion FCFA. That is followed by the SIEPEC conventional streetlighting initiative, which would deploy 150,000 LED streetlights across municipalities at a cost of 60 billion FCFA, and an industrial and large-commercial energy efficiency program valued at 30.6 billion FCFA.
Several of the smaller programs have attracted international backing. The African Development Bank approved an €8.51 million loan for the first phase of AEME’s household lighting rollout, which targets nearly 700,000 households and 80,000 small businesses across the Dakar, Thiès and Diourbel regions to replace incandescent bulbs with LEDs. The ECOFRIDGES program, developed in partnership with Senelec, uses an on-bill financing model to replace inefficient household refrigeration units. The remaining programs cover biogas and cogeneration, stadium lighting upgrades to FIFA and CAF standards, territorial energy information points and a national energy conservation communications campaign.
As producing countries across the MSGBC region build out upstream and midstream infrastructure, demand-side efficiency programs are increasingly part of the same investment conversation. AEME’s portfolio connects that conversation to the power, energy and infrastructure discussions happening at MSGBC Oil, Gas & Power 2026.
MSGBC Oil, Gas & Power 2026 takes place December 1-3 at the CICAD in Dakar, Senegal, under the High Patronage of President Bassirou Diomaye Faye. To sponsor or participate as a delegate, visit www.msgbcoilgasandpower.com.

