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Yaoundé - 17 December 2017 -
Electricity

After its bluff on Minim Martap bauxite, Hydromine announces monumental hydroelectric project in Cameroon

After its bluff on Minim Martap bauxite, Hydromine announces monumental hydroelectric project in Cameroon
  • Comments   -   Saturday, 04 March 2017 17:53

(Business in Cameroon) - Build, in 5 years, a dam with a retaining capacity of 2 billion m3 of water, then an electricity production unit with a capacity of 1,800 MW, which will then be the largest ever built in the country. Investments to make in the Littoral region, within the framework of a project called Grand Eweng. This is the new ambition of the American company Hydromine in Cameroon.

According to its management, the company has already received the approval from the Cameroon government to carry out this project, through an agreement signed on 6 April 2015. This is just one month after 11 March 2015, date on which Peter Lionel Briger, Hydromine boss, created in Douala the company called Hydromine Cameroon Ltd, with a modest capital of FCfa 1 million.

The scope of this company indicates that it will be focusing on the development of energy projects and “any other activity that companies may organise in compliance with the laws of the Republic of Cameroon”. This grey area in the scope of Hydromine Cameroon Ltd is on par with the reputation of this company in the country.

Indeed, mentioning the name Hydromine reminds of its big bluff on the project to operate the Minim Martap and Ngaoundal bauxite mines, in northern Cameroon. A project for which Hydromine, which was revealed to only be an American start-up (created in 2004 in the state of Delaware, but already holding a mining permit in Cameroon in 2005) without any offices, financial resources and expertise in the mining sector, nevertheless announced investments of approximately FCfa 5,000 billion.

This mining project, which has not been mentioned in the country for several years, is now replaced by the Grand Eweng project, meant to equip Cameroon with its biggest electricity production plant.

BRM

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