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Several projects in the energy sector have been financed by loans. At a cost of nearly 450 billion FCFA, the Memvé’élé dam was built thanks to financing of 243 billion FCFA from Eximbank – China and another of 112 billion from the African Development Bank.
The same is true of the Lom Pangar dam. For its construction, the State has in turn received 66 billion FCFA from the World Bank; 33 billion FCFA from the African Development Bank; CFAF 20 billion from the Central African States Development Bank CFAF 39.3 billion from the French Development Agency and CFAF 19.7 billion from the European Investment Bank, i.e. an external contribution of approximately CFAF 180 billion of FCFA. What about Mekin’s funding? With a final cost of 34.5 billion, it is borne 75% by Eximbank of China and 25% by the State of Cameroon.
Without being exhaustive, let us leave the production for the transport of electricity. Here, it should be noted that the National Electricity Transport Company (Sonatrel), for the construction of transmission lines by 2022, has been financed to the tune of 191 billion by the African Development Bank.
At the local level, in 2020 Eneo, among other things, contracted a debt with eight local banks to the tune of 100 billion FCFA. Objective: to improve its service to customers by strengthening its production tool, among other things.
Alongside these significant financings, it is not superfluous to recall, with regard to the 2023 bond issue, that the energy sector is not badly off. Indeed, it is planned to allocate an amount of 1.2 billion FCFA for the construction of the hydroelectric development of Bini in Warak in the Adamaoua region. 3.1 billion FCFA are intended for the construction project of the Lom Pangar plant (30 Mw) in the East region; 1.3 billion FCFA for the reinforcement and stabilization of the electricity transmission networks of the city of Yaoundé and Douala in the Center and Littoral regions. 3.9 billion FCFA were allocated to the construction of the Yaoundé – Abong Mbnag lines in 225 Kv, and Nkongsamba-Bafoussam in 225 Kv in the Center, East, Littoral and West regions; 3.8 billion FCFA and 2.1 billion FCFA for the construction project of a 400 Kv Nachtigal-Bafoussam transmission line and its related works and the Mekin hydroelectric power plant, construction, extension and rehabilitation of distribution lines 30 Kv in the Dja and Lobo department and construction of the 225 Kv Ebolowa Kribi and 90 Kv Mbalmayo Mekin lines and associated substations in the Center-West and South regions. In total, the 2023 bond loan provides for just over 15 billion FCFA for the electricity sector.
