billion euro investment for cameroon hydroelectric plant
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Billion euro investment for Cameroon hydroelectric plant

Arab Today, arab today

Arab Today, arab today Billion euro investment for Cameroon hydroelectric plant

Yaoundé - AFP

French energy giant EDF and the World Bank are to join the government of Cameroon in funding a billion euro ($1.2 billion) hydroelectric plant, slated to cover up to one third of the west African country’s electricity needs.

Natchigal hydro power company (Nhpc) has a 35-year lease to run the facility in the town of the same name, some 65 kilometres (40 miles) from the capital Yaounde, Cameroon broadcaster Crtv said.

The deal is the fruition of a framework agreement drawn up last year for the 420-megawatt plant, construction of which is due to start in October, and is expected to come on stream from 2021.

EDF is taking a 40 percent stake in the venture, with the World Bank’s International Finance Corporation and the Cameroonian government both taking 30 percent of shares in the project on the Sanaga River.

A 50-kilometre transmission line will transport energy produced onsite to the main Yaounde grid.

Valerie Levkov, EDF director of operations for Africa and the Middle East, told AFP the project was a significant step for a country subject to regular power outages and whose current installed power generation capacity is 1,292 megawatts.

Levkov added it would be able to operate uninterruptedly, giving a boost to economic development, not least by ramping up aluminium production hit by the unreliable energy supply.

Cameroon has Africa’s second-largest hydroelectric generation capacity after the Democratic Republic of Congo but currently struggles to exploit that capacity efficiently. 

Joel Nana Kontchou, director general of Cameroon provider Eneo Energy, estimated that the country will require a 10-year, 5.6 billion euro investment programme ultimately to lift production to 3,000 megawatts, supplying 75 percent of its 24 milion population while cutting outages by more than four fifths.

The government last year signed a 900 million euro accord with private Moroccan firm Platinum Power to add a 400 megawatt hydroelectric plant near the central city of Makay, central Cameroon.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

billion euro investment for cameroon hydroelectric plant billion euro investment for cameroon hydroelectric plant

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

billion euro investment for cameroon hydroelectric plant billion euro investment for cameroon hydroelectric plant

 



GMT 06:49 2012 Saturday ,01 September

Lamitta Frangieh on her \'Facebook Romance\'

GMT 08:26 2017 Wednesday ,08 February

Qatar spending $500m a week on World Cup projects

GMT 17:00 2017 Tuesday ,27 June

Saudi Arabia rebuts fake news on Turkey, Israel

GMT 10:31 2016 Monday ,12 December

Second Sydney airport cleared for take off

GMT 05:27 2017 Sunday ,16 April

GIB Capital wins 4 EMEA Finance Awards

GMT 13:58 2016 Friday ,30 December

Australia beat Pakistan to win Test series

GMT 10:07 2017 Monday ,17 April

Mark Hamill would like to play George Lucas

GMT 12:10 2016 Tuesday ,13 December

Over 30 dead as Kenya tanker crashes, explodes

GMT 02:13 2017 Monday ,25 September

December22nd-January20th

GMT 15:39 2017 Tuesday ,03 October

Bangladesh rescues 20 Rohingya held by racket gang

GMT 02:51 2017 Friday ,10 November

Under siege, Syria doctors forced to improvise care
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday