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Reference: 20070015
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).

Related tags

Cameroon Energy