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03 Jul

choforche

On November 10, 2011, the World Bank and the International Finance Corporation (IFC) Boards of Directors approved an US$86 million loan and US$82 million Partial Risk Guarantee to support the Kribi Gas Power Project in Cameroon that is expected to generate electricity to over 160,000 households in Cameroon. The US$86 million IFC loan and US$86 million International Development Association (IDA) guarantee is supposed to allow Cameroons first long-term project finance from local banks to the electricity sector.

The Kribi power project, the first power plant to run on natural gas in Cameroon, consists of two main components: The first focuses on the development, construction and operation of a new 216 megawatt (MW) natural gas-fired power plant located near the Mpolongwe village, nine kilometers north of the coastal city of Kribi in South Region of Cameroon. The second focuses on the development and construction of a new 100-kilometer 225-kilovolt double-circuit transmission…

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Posted by on July 3, 2012 in Uncategorized

 

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