Power Utility Energy of Cameroon S.A. (Eneo) has signed a memorandum of understanding with Scatec Solar for the planned development of two PV plants with a total capacity of 25 MW.
Eneo has disclosed that a 10 MW project will be located in Guider in the North Region of Cameroon and another 15 MW facility is arranged for Maroua in the North region.
To be commissioned in 2020, the solar plants with an investment of EUR22 million (US$24.5 million) will sell electricity to Eneo under a long–term power purchase agreement. The facilities are geared towards revamping the power supply in the North Interconnected Grid by generating 49 GWh per year at a competitive price.
Country updates
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July 16, 2019
Letter of intent signed for 1 GW hydropower project in Cameroon
The Ministry of Water and Energy (MINEE) in Cameroon, Hydromine, and Eneo Cameroon (ENEO) have signed a letter of intent for the development of 1GW Grand Eweng hydropower project in Cameroon.
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February 26, 2019
GE Renewable Energy to provide seven turbines for 420 MW hydropower project in Cameroon
GE Renewable Energy was awarded a US$87million contract by Nachtigal Hydro Power Company to provide seven 60 MW Francis turbines for the new Nachtigal hydropower plant in Cameroon. NHPC is a company...
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February 07, 2019
InfraCo signs Convertible Loan Agreement for 50 MW solar PV project in Cameroon
InfraCo Africa, part of Private Infrastructure Development Group, has signed a Convertible Loan Agreement with Project Élan 1 SAS, committing up to US$1.7 million to develop Project Élan...
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January 28, 2019
MIGA issues financing to 420 MW hydropower project in Cameroon
MIGA agreed to issue guarantees of up to EUR164.5 million (US$187.9 million) covering EDF and STOA’s equity and quasi-equity investments in the Nachtigal project. The guarantees are issued...
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December 04, 2018
STOA and Africa50 acquire a stake in the 420 MW hydro project in Cameroon
STOA and Africa50 has signed the shareholders’ agreement and associated share transfer agreements for the 420 MW hydropower project. The Nachtigal project consists of the design, construction a...
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