Cameroon: Three financial backers inject 67 million euros for a power station at Dibamba
31 May 2011
The Dibamba Power Development Company (Dpdc), which runs the Dibamba power station in Cameroon, has just obtained funding of 67 million euros.
These funds are being provided by the International Finance Corporation (IFC), the Netherlands Development Finance Company (Fmo) and the African Development Bank (ABD).
This will enable Dpdc to carry on running the thermal power station at Dibamba, but also to add 86 megawatts to its present generating output, reports the newspaper Mutations. The agreements were signed on 11 May in Paris.
Elsewhere, China called on South Africa last Thursday to strengthen their collaboration in the domain of renewable energies and nuclear energy.
The Chinese government wants to combine technological innovations and mutual investments in bilateral demonstrative projects, said Mr. Wu Bangguo, president of the Standing Committee of the National People's Congress (NPC) of China, reports the Xinhua agency.