In approving the project, the Bank’s Board of Directors took note of its strategy importance to Cameroon and the sub-region. By maximizing the hydroelectric power potential of the Sanaga River by over 5000MW, the project will help to provide rural electrification to some 150 localities including nine administrative centers while connecting 10,000 new subscribers in the East Region of Cameroon to the national grid. It will reduce the technical and structural difficulties facing the energy sector in Cameroon and enhance the country’s energy infrastructure, which are among the essential conditions for improving national economic growth and competitiveness. The Board also noted that the project would help Cameroon achieve its objective of becoming an emerging country by 2035.
The project, estimated to cost US$419.2M is being jointly financed by five donors including the World Bank, the European Investment Bank, the Development Bank of Central African States and the French Development Agency.
