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Yaoundé - 16 January 2019 -
Electricity

Cameroon seeks $151mln from Industrial and Commercial Bank of China for energy projects

Cameroon seeks $151mln from Industrial and Commercial Bank of China for energy projects
  • Comments   -   Friday, 21 December 2018 17:04

(Business in Cameroon) - The Cameroonian government is seeking funds to build the Ebolowa-Kribi transmission line (225 kV), the 90-kV line between Njom-Yekombo and Mbalmayoand, the 225/90/30 kV station in Kribi.

According to the energy and water ministry (Minee), procedures to secure the financing from the Industrial and Commercial Bank of China (ICBC) are already underway. Once completed, Minee says, the project will allow to evacuate part of the energy generated at the Memve’ele plant (211 MW), secure the Kribi industrial port area with electricity and connect the Mekin hydroelectric dam (15 MW) to the Southern Interconnected Network (RIS).

The XAF420-billion Memve'ele dam is being built by the Chinese Sinohydro on the Ntem River, while work for the Mekin project is entrusted to China National Electric Engineering Co (CNEEC) for an amount of about XAF25 billion.

Let’s note that all studies including feasibility, detailed pre-project, and environmental and social impact studies, under this project, are completed.

S.A

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