Release date: 2 May 2011
Promoter – Financial Intermediary
AES Corp and the Republic of Cameroon
Location
Description
Construction of a gas-fired power plant with installed capacity of 216MW and a 100 km transmission line (225 kV) connecting the production site to the town of Edéa.
Objectives
The aim of the project is to increase electricity generation capacity and address the serious power shortage blocking the country's development.
Comments
The project will be appraised by the EIB subject to the successful conclusion of the review of the legal framework for the electricity sector.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 256 million
Environmental aspects
The project and related facilities present environmental and social challenges: acquiring the site will entail the physical displacement of a relatively small number of people and the economic displacement of a large proportion of them. Gas combustion at the plant will result in the emission of greenhouse and other gases. All environmental and social aspects of the project will be examined in detail during the appraisal.
Procurement
The promoters are obliged to comply with the EIB's procurement procedures, which reflect the requirements of the corresponding EU directive.
Status
Signed - 17/01/2012
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).