logoBC
Yaoundé - 03 July 2022 -
Electricity

  Cameroon connected 166 localities to PV system and kicked off phase II covering 184 localities

  Cameroon connected 166 localities to PV system and kicked off phase II covering 184 localities
  • Comments   -   Friday, 14 December 2018 17:45

(Business in Cameroon) - Cameroonian Ministry of Water and Energy (Minee) reported that its actions this year focused on completing the electrification of 166 localities via solar photovoltaic system and launching the second phase covering 184 localities.

As part of the first component led by Chinese Huawei, Minee said it received a budget allocation of XAF1.5 billion for 2018 as counterpart funds. The project saw the completion of construction work and the commissioning of 166 solar power plants and distribution networks.

As of September 30, 2018, the number of subscribers to these power plants stood at 6,159, getting 166 localities connected. Funds for implementation were raised through a buyer-credit loan with the Chinese partner Huawei, whose total financing amount was $106 million, or about XAF61 billion.

For the second phase of the project involving 184 localities, a budget allocation of XAF454.446 million for counterpart funds was mobilized by the Cameroonian government. Last year, Cameroon signed a loan agreement with the Bank of China worth $123.3 million (about XAF71 billion), under this phase which is already 31% completed.

S.A

cameroon-fecafoot-terminates-deal-with-le-cop-sportif
The Cameroon Football Federation (Fecafoot) announced it has terminated its contract with French sportswear manufacturer Le Cop Sportif. In a June 24...
cameroon-imf-sees-inflation-at-4-6-in-2022-the-highest-rate-since-2008
The inflation rate in Cameroon is expected to reach 4.6% in 2022, according to projections by the International Monetary Fund (IMF). The information was...
cameroon-pad-launches-waste-removal-from-the-port-platform
The Port Authority of Douala (PAD) announced the launch of a waste removal campaign from the port platform. Unused containers, wrecked vehicles, handling...
zambian-mitwa-ng-ambi-becomes-new-md-of-mtn-cameroon
Zambian Mitwa Ng'ambi has just been appointed head of MTN Cameroon. She replaces resigning Stephen Blewett, who is leaving for “other career...

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 »