logoBC
Yaoundé - 21 January 2022 -
Energy

Cameroon: National Hydrocarbons Corporation SNH announces investment in the renewable energy industry

Cameroon: National Hydrocarbons Corporation SNH announces investment in the renewable energy industry
  • Comments   -   Monday, 13 September 2021 15:11

(Business in Cameroon) - In its recent periodical, the National Hydrocarbons Corporation SNH announced its ambition to exploit development opportunities in the renewable energy sector. The corporation provided no further details on the investments projected but it stresses that it is in line with its 2020-2024 strategic plan.

Should the project come to fruition, it will mark the start of diversification in this state-owned company, which is currently focused on hydrocarbons management. In Cameroon, the renewable energy industry is nascent. According to UNESCO, the country has an important renewable energy potential with outstanding solar and biomass resources. However, energy access is still low, in rural areas notably. In the North and the Far North, that low energy access is more pronounced with just 22% of electrification rate and over 95% of households using wood fire for cooking purposes.

S.A.

cameroon-to-disburse-xaf3-7-bln-to-settle-part-of-pamol-plantations-salary-arrears-and-social-debts
The government plans to release XAF3.7 billion to help state-owned company Pamol Plantations Plc settle part of the debt it owes employees.  Indeed,...
cameroon-new-agribusiness-firm-cfc-increases-capital-4-folds-to-xaf10-bln
On January 12, 2022, Compagnie fermière camerounaise (CFC), the new subsidiary inaugurated (on November 5, 2021) by leading brewing group SABC increased...
promote-2022-afriland-first-bank-commits-to-sponsoring-20-smes
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a...
sabc-group-inaugurates-new-research-and-development-laboratory
Société Anonyme des brasseries du Cameroun (SABC), a subsidiary of the French group Castel, inaugurated its new research and development laboratory in...

Mags frontpage


Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius


This is how Gozem plans to revolutionize the transport sector in Cameroon


Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais


Comment Gozem veut révolutionner le transport urbain au Cameroun