The agreement will see EDF providing 40% and IFC contributing 34% for the total cost of the $ 814m project, while the government will provide the remaining 26%.
The agreement also requires the developers to begin construction of the plant in six months after the signing of the contract.
Located on the Sanaga River, around 60km north-east of Yaounde, the project will supply most of its output to a major aluminum plant at Edea, a joint venture between Rio Tinto Alcan and the government, to double production.
According to the government officials, the project’s installed capacity can be extended to 420MW and the guaranteed capacity is likely to be 270MW with a scope of extending it to 330MW.
