Cameroon is about to contract two loans from the African Development Bank (AfDB) as part of the interconnection of power networks in Cameroon and Chad.
To this end, the President of the Republic, Paul Biya (photo), signed two decrees empowering the Minister of the Economy to sign two financing agreements with the AfDB, for a total amount of FCFA 147.85 billion. ($ 244.3 million).
In detail, the first loan agreement to sign with the AfDB is FCfa 142.93 billion. The second loan agreement is 4.92 billion FCFA to be signed with the African Development Fund (ADF), the concessional financing window of the AfDB Group, which provides regional member countries with low income, loans and grants.
At a cost of FCFA 261.34 billion, the project will also benefit from a grant from the European Union in the amount of FCFA 19.65 billion, the financing agreement of which was signed on February 21, 2019 in Yaoundé . The remaining 93.84 billion FCFA could come in part from the World Bank also interested in the project.
The Cameroon-Chad interconnection project consists of the construction of a 225 kV high voltage main line between Ngaoundéré, Maroua (Cameroon) and Ndjamena (Chad), of a 225 kV high voltage line (HT) link between Maroua (Cameroon), Bongor, Guelendeng and Ndjamena (Chad), associated HV / medium voltage transformer stations, as well as distribution networks, for rural electrification, along the line corridors.
The total length of the HV lines to be built is around 1024 km (786 in Cameroon and 238 in Chad), and the number of localities to be electrified along these lines is 478 (409 in Cameroon and 69 in Chad). The project is classified among the priority integrating projects of Central Africa.
Source: Agence Ecofin