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The African Development Bank is considering partial funding for the planned 1192 MW Lom Pangar hydroproject.
The critical Lom Pangar dam project would more than double the country's power output, lifting severe constraints on its development. The $265 million dam is to hold 7.25 cubic kilometers of water and to be completed by 2015.
"The AfDB envisages to provide a contribution of $60 million for the construction of Lom Pangar dam... We've great hope that by end of this year, this loan scheme will be approved by our executive board," AfDB resident representative Racine Kane said on the sidelines of a joint AfDB and World Bank review of their sponsored projects in Cameroon.
News date: 07/07/2011