As part of this effort, the company has signed a framework public-private partnership agreement with the Cameroonian Government.
Platinum Power CEO Omar Belmamoun was quoted by Reuters as saying that the power generated from the hydro project will be sold to Cameroon’s national power utility company, Eneo.
Platinum Power is planning to begin construction of the project in 2017 and complete in 2020.
The hydro power plant is expected to meet the rising power demands in the country, which currently produces about 1,200MW of electricity.
According to the country’s monetary and finance committee, power generation capacity of the Central African country should be around 3,000MW to meet the demands of the expected 9.5% economic growth by 2018.
Earlier this year, Platinum Power had announced its plan to build several hydroelectric power plants in Ivory Coast, with a potential investment of XOF450bn ($763.1m).
Platinum Power is focused on the development, financing, construction, ownership and operation of renewable energy projects in Africa.
