Cameroon to use Norfund grants to boost power output

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Norwegian development fund Norfund which recently aquired, with CDC Group, Globeleq Africa’s assets in the Dibamba and Kribi plants, will inject about five billion dollars (around 250 billion CFA Franc) in the African power sector over the next 10 years, said Fréderic Didier Mvondo, Managing Director of Globeleq Cameroon, firm which was controlling KDPC and DPDC, the companies previously in charge of operations at the above mentioned plants.

“Though there is a rude competition between Cameroon and the other countries which are to benefit from Norfund’s generous investment, I am confident in the fact that we will come on top, by snatching half the five billion funded for local projects. I truly believe we will survive this competition”, M. Mvondo told Challenge Pro magazine.

Having a great potential for production, but also huge needs, in terms of electricity, Cameroon is already Globeleq Africa’s main power producer. Indeed, with a total 304 MW output from the Dibamba and Kribi plants, the central African nation is ahead of Côte d’Ivoire( 288 MW at the Azito plant) and South Africa, who has three solar and wind power plants generating 238 MW overall.

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