Yaoundé - 15 August 2022 -

Electric utility ENEO settles commercial dispute with Gaz du Cameroun with a XAF2.7 bln settlement

Electric utility ENEO settles commercial dispute with Gaz du Cameroun with a XAF2.7 bln settlement
  • Comments   -   Tuesday, 08 June 2021 13:30

(Business in Cameroon) - Last June 4, Victoria Oil & Gas (VOG) announced that its subsidiary Gaz du Cameroun received a XAF2.7 billion payment as settlement for the commercial dispute between the subsidiary and Cameroonian electric utility ENEO.

The dispute came to public attention on July 3, 2020, with the release issued by VOG announcing the cancelation of the supply contract binding ENEO and Gaz du Cameroun. In the framework of that contract, VOG’s subsidiary was to supply gas to ENEO for the operations of the 50MW Logbaba power plant.

VOG later threatened to take ENEO to court if the electric utility company did not pay the XAF9.3 billion of outstanding debts at the end of June 2020. Meanwhile, ENEO was claiming that Gaz du Cameroun had not supplied it for most of the stated period.

 “It should first be noted that this dispute is not about invoices, but about the conditions for gas supply resumption and electricity production at the Logbaba site. This is what the dispute is all about,” Eric Mansuy explained during an interview with Business in Cameroon.

Let me tell you, generally, in the electricity sector, disputes are settled amicably, with public authorities’ assistance usually. Gaz du Cameroun’s approach, in this case, is in stark contrast with the usual practices because we must all ensure that the sector is developed,” said Eric Mansuy. The CEO has succeeded in bringing Gaz du Cameroun’s management to the negotiating table.


Recent fluctuations between the euro and the U.S. dollar have increased Cameroon's debt by CFA420 billion (+11.2%) between June 2021 and June 2022. Data...
Guinean Bange Bank is preparing its listing on the regional stock exchange Bvmac. Louis Banga, MD of the stock market, met on August 9 in this regard with...
The Bank of Central African States Beac forecasts the brewing industry in Cameroon to experience a sharp decline in Q3 2022. In its bulletin, the...
The Cameroonian government announced it will approve CFA780 billion in fuel subsidy to keep pump prices unchanged in this harsh period marked by rising...

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 »