logoBC
Yaoundé - 28 September 2021 -
Energy

Cameroon to pre-fund the electricity connection of 6,000 households in the east

Cameroon to pre-fund the electricity connection of 6,000 households in the east
  • Comments   -   Wednesday, 09 June 2021 15:26

(Business in Cameroon) - The State of Cameroon will pre-fund the electricity connection of 6,000 households in the Eastern region, Minister of Water and Energy (MINEE) Eloundou Essomba Gaston reveals. The official made this revelation on June 7, 2021, during a field visit to the construction site of the Yaoundé-Abon-Mbang electricity transport line that should connect the Eastern region to the South interconnected network.

Due to the high connection costs, which are sometimes as high as XAF100,000, the project will pre-fund the connection for households, which will refund the costs within five or six years. The refunds will take the form of monthly payments of XAF1,500 added to their electricity bills,” the official explained. This funding scheme will help the population access electricity just after the end of the construction of the said transport line in December 2021.

Let’s note that pending the 30MW Lom Pangar dam, the interconnection of the Eastern region to the South Interconnected Network (which is now connected to all the hydroelectric dams and thermal power plants built in Southern Cameroon) will help address the electricity deficit in that forest and mining region, which currently has no access to the South Interconnected network.

BRM

cameroon-eneo-s-cashflow-problems-force-energy-rationing-in-the-northern-regions-again
On September 26, electric utility ENEO resumed with energy rationing in the three northern regions of Cameroon, an official release informs. According to...
cemac-china-s-economic-recovery-boosts-the-price-of-energy-products-exported-by-member-countries
In the second quarter of 2021, the prices o energy products exported by CEMAC countries (oil and gas namely) rose by 12.2%. According to a report...
cameroon-prodel-injected-xaf10-bln-in-88-projects-in-jan-sep-2021
The World Bank-backed Livestock Development Project (Prodel) recently published its activity report covering the first nine months of 2021. From the...
beac-cameroon-to-raise-xaf275-bln-in-the-debt-market-in-q4-2021
Cameroon plans to issue XAF275 billion of public securities in the Bank of Central African States (BEAC) market in the fourth quarter of this year....

Mags frontpage


Business in Cameroon n103: September 2021

Cameroon: The other cocoa land


The rise of private equity


Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao


L’émergence du private equity camerounais