New powerplant to give Cameroon an energy boost
18 May 2011
Investment from the IFC, the Netherlands Development Finance Company (FMO) and the African Development Bank (AfDB) is expected to help boost Cameroon’s energy infrastructure.
The three organisations are investing a total of €66 million (£57.8 million) in the Dibamba Power Development Company to help it build an 86 megawatt powerplant.
Once completed, the new facility will ensure a reliable electricity supply and improve energy security in Cameroon.
IFC, FMO and AfDB are each lending €22 million to the project.
The plant will be connected to the Southern Interconnected Grid via a two-kilometer transmission line, also financed as part of the project.
Andrew Vesey, AES executive vice-president and president of the Latin America and Africa Region, said, “The expansion of Dibamba will help meet the growing domestic demand for electricity and contribute directly to the development of Cameroon’s electric power infrastructure.
“We are pleased to work with institutions that share our commitment to responding to Cameroon’s critical infrastructure needs.”