417 localities in six regions of Cameroon will have increased access to electricity thanks to a $ 150 million loan from the World Bank. 1 million people will be affected by this loan agreement signed between the Minister of the Economy and the representative of the World Bank.
The rate of access to rural electricity is expected to improve in six regions of Cameroon (Far North, North, Adamaoua, North West, South West and East). A credit agreement of $ 150 million (about 87.8 billion FCFA) was signed on June 12 in Yaoundé between the representative of the director of operations of the World Bank in Cameroon, Ibrah Sanoussi, and Alamine Ousmane Mey, the Minister in charge of the Economy (Minepat). This funding is part of the Rural Electrification and Access to Electricity Project in the Underserved Regions (Perace).
This project, which will be implemented over a period of five years, will make it possible to carry out extensions and reinforcements of the electricity network, in particular by the construction of lines and electrical transformer stations in 417 new localities. This will give access to electricity to more than a million people in the rural areas concerned.
“ This project benefits not only electricity consumers, but also the underserved population, through job creation and improved prospects for shared prosperity in Cameroon,” said Minepat . “Increased access to electricity is a key factor in generating income and jobs, and promoting productive uses of electricity in rural areas . Added Alamine Ousmane Mey.
According to data provided by Minepat, the underserved regions have a rate of access to electricity of barely 50%. To remedy this, the government adopted the Rural Electrification Master Plan in 2017, paving the way for broadening access to electricity in these underserved regions.
Source: Agence Ecofin