Emerging market energy developer Joule Africa and the government of Cameroon have formed a memorandum of understanding to develop a 450MW hydro electric project.
The Kpep Hydroelectric facility will increase the country’s current installed power base by at least 40 per cent, as well as creating jobs and economic benefits.
Joule Africa will work alongside local partner the consultancy Bethel Industrievertretung, as well as leading European engineering firm Lahmeyer International.
The plant will be located on the Katsina-Ala river in the north-west of the country.
Basile Atangana Kouna, Minister of Water Resources & Energy, said, ‘Independent Power Projects, such as this one with Joule Africa, are at the core of the government of Cameroon’s strategy for increasing access to water and energy.
‘The involvement of the private sector is key to building necessary infrastructure and to realising the development goals that the country has set. Choosing to work with Joule Africa on this project further demonstrates the commitment of the government to mobilising international investment for the development of Cameroon.’
Mark Green, managing partner of Joule Africa, added, ‘We are delighted that the government of Cameroon has identified Joule Africa as the appropriate partner for the development of the Kpep Hydroelectric Project. This is the second project under development for us in sub-Saharan Africa.
‘We are committed to working closely with both the technical and financial community in Cameroon to make this a genuine partnership between Joule Africa and the people and government of Cameroon. We are privileged to be a part of this project and of the growth and development that it signifies for the country.’
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