logoBC
Yaoundé - 25 April 2024 -
Companies

Despite strain on cash flow, Eneo reported XAF35bn investment in Cameroon

Despite strain on cash flow, Eneo reported XAF35bn investment in Cameroon
  • Comments   -   Monday, 10 December 2018 15:21

(Business in Cameroon) - Amounts disbursed by Cameroon’s power utility Eneo in 2017 totaled XAF35 billion, the company’s official statements showed.

This reflects a flat trend compared to the XAF35.1 billion invested in 2016, despite the “pressure on the company’s cash flow” over 2017, partly because major customers including the State defaulted to pay bills.

The company said the distribution network captured 50% of the money invested last year, allowing the distribution of 30% more energy and connecting 99,431 new families and companies to the grid.

A significant share is also earmarked to the generation segment, with the commissioning of a new 10 MW power plant in the city of Maroua in August 2017; the continuation of the rehabilitation program of the Song Loulou hydro facility; and rehabilitation works at the Oyomabang thermal power plant...

In the transport segment, power supply to Yaoundé has been ensured, and pylons rehabilitated on certain strategic transmission lines.

Brice R. Mbodiam

amine-homman-ludiye-eneo-doesn-t-have-a-shortage-of-skills-problem-it-has-a-cash-problem
In less than ten months at the helm of Energy of Cameroon (Eneo), the Moroccan polytechnician has faced a number of crises against a backdrop of serious...
10-million-cameroonians-lived-on-less-than-1-80-per-day-in-2022-survey
The 5th Cameroonian Household Survey (ECam5), published by the National Institute of Statistics (INS) on April 24, revealed that nearly two in five...
noutchogouin-group-inaugurates-cfa5bn-animal-feed-production-plant-in-yaounde
Minister of Livestock, Fisheries, and Animal Industries (Minepia), Dr. Taïga, inaugurated a new modern and automated animal feed production plant in...
cameron-suspends-vessel-registrations-amid-ghost-ship-concerns-aims-for-digitization
Cameroonian Transport Minister Jean Ernest Massena Ngalle Bibehe issued a statement on April 22 announcing the suspension of registrations for vessels...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »