Home / Business / Cameroon to secure a XAF16bln World bank loan for Sanaga dam

Cameroon to secure a XAF16bln World bank loan for Sanaga dam

Business in Cameroon | The Cameroonian President authorized last February 22 the economy minister, Alamine Ousmane Mey, to sign a loan agreement with World Bank’s subsidiary, the International Development Association (IDA), for an amount of €24.5 million, or XAF16.3 billion.

According to the related presidential decree, the money will be used to finance the Technical Assistance Project for the hydroelectric development of the Sanaga River, component 1 of which funds will be provided for the technical assistance required to pick and develop a big hydro site on the river under a public-private partnership model with the private side being selected following a tender.

Component 2 will contribute to strengthening the government’s capacity to fulfil its responsibilities during the construction of the Nachtigal hydroelectric project (420 MW) on the Sanaga River, including assisting government entities in monitoring project construction and the implementation of the Environmental and Social Management Plan.   

As regards component 3, it will fund a number of analytical works to design a long-term strategy for mitigating hydrological risks and protecting Cameroon from climate risks as well as the volatility of power production costs.

According to the World Bank, Cameroon holds the third largest hydropower potential in sub-Saharan Africa, currently estimated at more than 20,000 MW in equipment capacity, with the Sanaga River watershed which provides nearly half of the untapped potential.

Cameroon’s current hydroelectric power generation capacity is 723 MW, covering the Song Loulou dam (384 MW) and Edéa dam (267 MW) located on the Sanaga River, as well as Lagdo dam (72 MW) on the Benue River.

Check Also

Fifa Women’s World Cup 2019 fixtures, kick-off times and TV schedule

Yahoo News | The 2019 Fifa Women’s World Cup is fast approaching, with 24 countries battling it out over …

12 comments

  1. Wow…I pray for this country….this much money for a pre-execution phase????
    Everything is bloated in Cameroon!…no wonder completing projects is hard.
    Oh Cameroon!

  2. ZERO VIVRE ENSEMBLE

    The so-called “one and indivisible” LRC has an insatiable appetite for borrowing money.

    I pity future generations. I really do.

  3. the best strategy to adopt and improve through time for a country that want to industrialise,is to impose a certain percentage of saving on all workers in the private and public sector.this savings should be impossible to withdraw before five years.this money is then channelled to productive investement where money is generated to carry out gigantic infrastructure projects.in oder to make more money,an export oriented strategy should be prioritised,with high value short season crops like avocado,passion fruit,bananas,soya beans gown and exported to growing markets like china and russia.with this approach it is possible to generate money,train more engineers and scientist and expand production through industry.creating value chains from farm to distribution system without intermidiaries.

  4. Why the hell does the world Bank keep giving this government so much money. Is it a deliberate act by the West to continue impoverishing third world countries? May be its the fear that these useless African countries will all turn to China. World Bank stop lending money to these thieves.

  5. ZERO VIVRE ENSEMBLE

    **** NDIAN OIL VIVRE ENSEMBLE ****

    As per UNGA RESOLUTION 1608 (xv) APRIL 21, 1961:

    France, LRC and all former French colonies (excluding Guinea and Mali) REJECTED a “VIVRE ENSEMBLE” between SC and LRC. They thought that SC was very poor.

    However, when oil was discovered in SC, LRC suddenly discovered her “VIVRE ENSEMBLE LOVE” with SC.

    LRC uses the revenue from the sales of the oil from SC to develop only towns in LRC:
    The irony is that LRC also uses the revenue from the oil in SC to buy the weapons LRC terrorists use to perpetrate genocide, war crimes and crimes against humanity in SC

    The truth of the matter is that LRC does not like SC. LRC likes only the oil in SC.
    Whenever the oil wells in SC will dry up, LRC will surely reject any “VIVRE ENSEMBLE” with SC.

  6. ZERO VIVRE ENSEMBLE

    **** BREAKING NEWS ****

    “L’Etat camerounais aide la chaine de Television Africa 24 à payer sa dette de 3 millions d’Euros”

    **** MY TAKE ****

    LRC borrows money and uses the money topay the debts of a bankrupt newspaper owned by Dictator Biya

    It’s funny that this Dictator borrows money in the name of cameroonians to give to his bankrupt newspaper yet his own country leaves much to be deserved: Child malnutrition, insecurity, poor infrastructure, scarcity of potable water, poorly furnished hospitals,refuse-infested beaches,etc.It is self-evident that this Dictator is completely out of touch with his own people.

    WONDERS SHALL NEVER END.

  7. What Cameroon needs very badly is damage control and no amount of money, loaned or otherwise can accomplish this.
    Elsewhere it is a measurable entity called the GDP that is used to measure progress but in Cameroon, it is an amorphous, unquantifiable entity called PEACE that is in use.
    See the disastrous consequences!!!!!

  8. ZERO VIVRE ENSEMBLE

    ….TV….

  9. ZERO VIVRE ENSEMBLE

    **** FOOD FOR THOUGHT ****

    «L’option de la guerre n’est pas la meilleure solution. Le Président parle d’entrepreneurs de guerre, mais nous constatons que les véritables entrepreneurs de guerre, c’est le régime de M. Biya et lui-même. On n’a jamais vu
    un Président de la République qui déclare la guerre contre son peuple»

  10. Paying salaries for Central Africa, Chad, and perhaps another CEMAC neighbor is quite a show of magnanimity; only problem is the jarring noises coming from abandoned Tole Tea retirees, Chanter Naval employees, poorly paid military who take out their frustrations and pent-up anger through extrajudicial killings, etc.

  11. More money to be stolen 🙂

  12. Why are you ‘Ambazonians ‘worrying about Cameroon?
    Go and free your “leaders “.
    You have lost your rights to talk about Cameroon long ago…

Nullam nunc ut sed efficitur. neque. mattis et, elit.