Cameroon: 216 MW power station planned for 2011
16 November 2009
A gas-fired power station is going to be constructed in Cameroon, at Kribi, in the west of the country.
The means of financing have now been established, with participation being shared between the State and funds providers.
These providers include the International Financing Association, the African States Development Bank, the European Investments Bank, the Standard Chartered Bank of London, the African Development Bank, and a group of Cameroon banks.
The work will amount to a total of 387 million Dollars. The plant will have a production capacity of 216 megawatts, and is planned to come on stream by the end of 2011.
Improving energy supplies is of key importance if Africa hopes to become competitive, as a recent report from the World Bank demonstrates.
According to the report, half of the investments destined for infrastructure projects on the continent, some 47 billion Dollars, should be dedicated to energy.<br/>