Yaoundé - 21 November 2019 -

Cameroon: Eneo announces XAF47.3bln investments in 2019, up 30% from 2018

Cameroon: Eneo announces XAF47.3bln investments in 2019, up 30% from 2018
  • Comments   -   Tuesday, 12 February 2019 13:42

(Business in Cameroon) - Cameroon’s power utility Eneo plans to invest up to XAF47.3 billion during 2019. The amount is up 30% compared to 2018, MD Joël Nana Kontchou announced.

“More than 50% of this resource, precisely XAF26.2 billion will be used for the renewal, reinforcement, securing and extension of electricity distribution networks,” Mr. Nana Kontchou said February 7 in Douala during the implementation of Eneo’s partnership agreement with Cameroon Housing Company -SIC- regarding the modernization and securing of electric facilities in SIC housings.

“We are currently working to increase by more than 30 years the life of the Songloulou hydro dam. We are also diversifying production sources by introducing solar energy into the energy mix. Following the successful test phase at Djoum, in the southern region, we will now switch all our isolated plants to hybrid plants,” added Joël Nana Kontchou, revealing other Eneo investment priorites.

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