logoBC
Yaoundé - 26 February 2024 -
Electricity

Cameroon plans to save XAF350mln a week thanks to Memeve'ele dam power up

Cameroon plans to save XAF350mln a week thanks to Memeve'ele dam power up
  • Comments   -   Wednesday, 17 April 2019 15:55

(Business in Cameroon) - The Cameroonian energy minister, while powering up the Memeve'ele dam on April 16 in Nyabizan, southern region, insisted on the positive effects the facility will have on public finance.

“Our energy mix still draws heavily from thermal power plants that use diesel. These diesel power plants cost us an average of XAF1 billion each week. With the first megawatts of Memeve'ele, the system saved around XAF30 million. We are projecting savings of about XAF350 million per week with the commissioning of Memve'ele.”

Over a month savings will amount to on average more than XAF1.5 billion and XAF18.2 billion after one year. This is far above what the government needs (XAF12.7 billion) to assist 74,994 people in the North-West and South-West in crisis over the period 2018-2019.

With the powering up of the dam, says Gaston Eloundou Essomba, Cameroon's southern interconnected grid now receives around 100 MW. Ebolowa, the capital of the South, and its surroundings receive 7 MW. This network excludes the northern and eastern regions.

Sylvain Andzongo

cameroon-s-minister-of-energy-asks-for-patience-over-power-cuts-until-march-2024
For over two months, households and businesses across seven of Cameroon's ten regions connected to the Southern Interconnected Grid (RIS) have been...
cameroon-waives-import-duty-on-190-000-tons-of-rice-from-india-to-combat-rising-prices
To facilitate the import of 190,000 tons of rice from India in March and April 2024, the Cameroon Government has offered a special incentive to importers...
china-remained-cameroon-s-leading-supplier-in-2022-despite-minor-market-share-dip
The National Institute of Statistics recently issued a statement, providing data on Cameroon’s trade exchanges in 2022. According to the document,...
cameroon-s-lng-earnings-soar-by-148-8-in-2022-ins
Cameroon experienced a "spectacular" surge in revenues from liquefied natural gas (LNG) exports in 2022, data from the national stats agency INS showed....

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 »