cameroon-today.com

Cameroon Business – FCFA 60 Billion For Kribi Gas Fired Power Plant

Follow Me on Pinterest

Yaounde, Cameroon Africa. (Cameroon News) – A consortium of banks led by ECOBANK, will provide the loan of FCFA 60 billion to the Kribi Power Development Company, KPDC to accelerate work on the Kribi Gas Fired Power Plant in the seaside resort city in South Cameroon.

The money will enable the Gas Fired Power Plant to be put to service within the scheduled time which is latest September 2012 in order to resorb the energy deficit in Cameroon, Finance Minister Essimi Menye said in Yaounde last May 31 during the loan agreement signing ceremony.

Oil and gas Plant

Oil and gas Plant


KPDC with a capital of FCFA 13.64 billion, the enterprise supervising the construction of the Kribi gas-fired power plant, is an affiliate of the American AES Group, the world’s energy production and distribution company that also owns Cameroon’s lone electricity company, AES-SONEL.

The General Manager of the Kribi Power Development Company, Francis Hans Sim Nag, signed the loan agreement with the representative of the banks under the supervision of the Minister of Finance, Essimi Menye.

The Kribi Power Gas Fired Plant with a capacity of 216 MW of energy is estimated to cost FCFA 176.269 billion with the long term financing by international donors highly awaited.

The Prime Minister of Cameroon, Philemon Yang on March 19, 2010 officially laid the foundation stone of the Kribi Gas-fired Power Plant , located at Mpolongwe, some nine kilometres north of the seaside city of Kribi. The power plant, is the first of its kind in Cameroon.

When completed, it will produce 216 MW of energy to add to the 1,017 MW present energy production in the country, of which 720 MW come from hydroelectricity and 297.2 MW from thermal power plants.

Pin It



Posted by on Jun 4 2011. Filed under Business, Featured, World News, YaoundeCameroon .Cameroon News . You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

You must be logged in to post a comment Login


CFA Franc Currency Exchange Rate
Currency-Converter.com & Cameroon-today.com



THANK YOU

FOR YOUR SUPPORT.
WE GREATLY APPRECIATE YOUR DONATIONS.




Enter your E-mail Address
Enter Your Name
Then

Don't worry -- your e-mail address is totally secure.
I promise to use it only to send you Cameroon-Today.









Search Archive

Search by Date
Search by Category
Search with Google

CAMEROON EMBASSY & CONSULATES

Cameroon Embassy & Consulates

Select the Country



Log in | Designed by Cameroon-Today.com
  • Site Search
  • Wikipedia
  • Google
  • Facts
  • Amazon
  • eBay
  • Outlook
  • Gmail
  • Y! Mail
  • Twitter
  • Search & Share