Saturday, 9 July 2016

New Electricity Company created in Cameroon

An Electricity company known as the Nachtigal Hydro power Company has been created in Cameroon.

An agreement to concretize the existence of this company was signed yesterday 7th July 2016 in Yaounde between France and Cameroon and the International Finance Corporation.


The Minister of Water Resource and Energy Basile Atangana Kouna signed on behalf of Cameroon while Jean-Fran├žois Arsenault represented the French Government.

The Nachtigal Hydro-Power Company is expected to provide one third of Cameroon’s Energy by 2020, and to supply power to the aluminum plan in Edea.

The company will in the Months ahead complete the construction of 420 mega watts power dam on the river Sanaga. It is estimated to cover a distance of 40 miles transmission line.

According to the agreement, the French Government will have a 40% share of the company and the Electricite de France will exploit the dam for a period of 35yrs while Cameroon on the other hand will have 30% share.

30% of the project will be funded the International Finance Corporation.

Source: CRTV

4 comments:

  1. is this project for camerronians or for france? how van the French be using our natural resource and have 40% of the shares while we have just 30% not to mention the technical team will be from abroad and they will determine bill rates. Tin weh di happen for america go happen for dey small time. make this french gov't eatch their backs. just a matter of time.

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  2. Aseehhh d tin don pass me. Na dem di control the project. How Cmr go di sign contract way ei be more beneficial to France. Small time dt tin way di happen for etas go rily happen for Cmr. Dat Cmr Gomna don pass my pwr.

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  3. I know FRENCH CAMEROON SIGNED THIS AND I ALSO KNOW FRENCH CAMEROONIANS ARE STUPID AND GREEDY BUT WHAT I DONT KNOW IS WHEN ARE WE TO STAND FOR THE RIGHTS OF OUR NATION SOUTHERN CAMEROONIANS

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  4. I know FRENCH CAMEROON SIGNED THIS AND I ALSO KNOW FRENCH CAMEROONIANS ARE STUPID AND GREEDY BUT WHAT I DONT KNOW IS WHEN ARE WE TO STAND FOR THE RIGHTS OF OUR NATION SOUTHERN CAMEROONIANS

    ReplyDelete