(Business in Cameroon) - The Cameroonian State, represented by the Minister of Water and Energy (Minee), Basile Atangana Kouna, electricity company Eneo, Cameroonian subsidiary of the British investment fund Actis and Joule Africa Ltd, a British company represented by its President Mark Green, signed on 12 January 2017 in Yaoundé, a three-party letter of intent for the construction of the Kpep hydroelectric plant (North-West) with a capacity of 45 MW, from the Katsina River.

According to Joël Nana Kontchou, Managing Director of Eneo, the letter of intent thus signed serves as a guarantee from the government of Cameroon and the company Eneo to the service provider Joule Africa. Mark Green explained that with the signing of said letter, the Kpep project has moved to the next step. Indeed, after the pre-feasibility study already carried out by the international consultancy firm Lahmeyer International, the project is now about to move to the full feasibility study phase.

Mark Green also announced the start of topographical studies, geo-technical works, the preliminary technical design and an environment and social impact study. The project is estimated to cost USD 1.5 billion. Work duration will be 4 years.

S.A