Yaoundé - 21 June 2021 -

Cameroon presents its 2020-2030 electricity development strategy to Korean investors

Cameroon presents its 2020-2030 electricity development strategy to Korean investors
  • Comments   -   Thursday, 06 May 2021 13:46

(Business in Cameroon) - On May 5, 2021, the 10th edition of the Cameroon-South Korea Economic and Energy Forum was held in Yaoundé. According to Jongham Kim, South Korea’s ambassador to Cameroon, despite the restrictive measures (travel bans notably) prompted by the coronavirus pandemic, two South Korean energy giants were present. They are notably Korea Midland Power, the state-owned company in charge of the implementation of the South Korean government’s electricity development strategy, and construction company Daewoo E&C.

Besides those giants, the Korea Trade Promotion Corporation (KOTRA) was also represented, we learn. During the forum, Cameroon’s Minister of Economy Alamine Ousmane Mey explained the importance of the electricity sector in his country’s 2020-2030 national development strategy.

"The government intends to develop the country's significant hydroelectric potential, which is the second largest in Sub-Saharan Africa. It also intends to develop alternative energies - solar energy particularly, optimize and enhance the use of biomass as well as modernize its electricity transmission and distribution network. The government’s aim for the investments is to first increase the energy offer from 1,650 MW in 2019 to 5,000 MW in 2030. The government knows that it can count on the technical and financial support of its Korean partners to fulfill its ambition to promote inclusive and sustainable development," Alamine Ousmane Mey said.

Although it is a partner in the elaboration of Cameroon’s national renewable energies’ development strategy, South Korea is still a minor operator in Cameroon’s electricity sector.


The National Agency for Information &Communication Technologies (ANTIC) informs that in 2020, it deleted 3,372 of the 4,242 fake Facebook accounts...
On June 17, 2021, Chadian Minister of Public Security, General Souleyman Abakar Adam, and Ousman Bassy Lougma, director-general of the country’s national...
In 2020, passenger traffic dropped by 61.8% year on year in Cameroon, according to figures from the Cameroon Civil Aviation Authority (CCAA). In the...
As of December 31, 2020, the National Social Insurance Fund CNPS had XAF325 billion of cash in its treasury. This was revealed by Alain Olivier Noël...

Mags frontpage

Business in Cameroon n100: May 2021

These Cameroonian startups raise billions

Agro-industry and land rights

Investir au Cameroun n110: Mai 2021

Ces start-ups camerounaises qui lèvent des milliards

Agro-industrie et droits fonciers