(Business in Cameroon) - The Norwegian investment fund that focuses on developing countries, Norfund, announced on February 2, 2015 that it has bought 30% of Globeleq Africa from Actis investment firm that handles several electrical plants in Africa.

Among these energy plants are the Dibamba 88 MW thermal plant and the Kribi 216 MW gas plant in Cameroon.

The deal, which will enable Norfund to position itself in the Cameroonian energy sector by entering the capital of KPDC and DPDC, entities that manage the above-mentioned plants, officially cost 112.5 billion FCFA. With a 304 MW cumulated production capacity, Cameroon is Globeleq Africa’s main producer in Africa, ahead of Cote d’Ivoire (288 MW with the Azito plant) and South Africa (three solar and windmill plants with an overall capacity of 238 MW).