Green Energy Norway to invest $186 million in Cameroon natural gas power plant

By mahlokoane percy ngwato

Green Energy Norway Cameroun announced that it will be investing over $186 million into Cameroon's energy sector towards the creation of a 300MW natural gas plant.

Cameroon’s power output is insufficient; it currently meets less than half of its energy needs according to recent Reuters reporting. The plant, which has received funding mainly from the private sector, is expected to reach completion within six months,

Earlier this year global power service provider Altaaqa Global installed and commissioned two temporary natural gas power plants in Logbaba and Ndokoti (Bassa) in just 21 days. The power plants have a joint capacity of 50MW.

RELATED: Tower Resources' $43 Million quest for oil and gas in Cameroon

Cameroon is heavily reliant on hydropower which contributes an estimated 60 percent to the country’s total installed 1,400MW capacity. While this method of energy generation is effective and sustainable, it is subject to fluctuations, as water levels can vary, especially due to the onset of global warming.

Cameroon received its first independent renewable energy power producer, JCM Greenquest Solar, in January when it to developed a 72MW solar photovoltaic plant. The grant was awarded by the Sustainable Energy Fund for Africa in 2014 which, according to the African Development Bank, will cover environmental and social assessments as well as technical, legal and financial advisory services.

RELATED: Can natural gas reduce South Africa's dependence on coal?

What is happening in Cameroon is another example of how the private sector is working to help African states diversify their energy portfolios in the face of massive growth, both in terms of populations and industrialisation.

Stay connected! Follow @AfricaBizReview and @MrNLon on Twitter. Like our Facebook Page.

Read the October Issue of African Business Review. 

SOURCE: [ESI Africa]

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy