According to the terms of the accord, Finagestion will conduct a detailed study within 24 months dealing with, among other matters, the cost of the project and the compensation for the affected population. Through Kouna, the government has promised that it will facilitate the smooth functioning of the feasibility studies.
The project falls in line with the government’s plan to lift the country’s electricity production by 3,000 MW by 2020. Many heavy industries have been laden by low electricity supply despite President Biya’s ambition to take the country from a developing nation to an emerging economy by 2035. Observers have repeatedly warned that despite endemic corruption and administrative red-tape, Cameroon could still make great industrial strides with sufficient energy supplies, especially because the country has huge gas reserves and the plants to complement hydroelectricity with thermal power supply from gas-fired generators.
For more news and expert analysis about Cameroon, please see Cameroon Politics & Security.
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