15 April 2020
Promoter – Financial Intermediary
AGENCE DE L'ELECTRIFICATION RURALE
The project consist of an investment programme financing the electrification across the country. For 700 villages this will be implemented through grid extension while for 30 villages through mini-grid systems.
The project aims at increasing access to electricity of rural communities throughout several regions of Cameroon, which will benefit more than 1,600,000 people.
The grid extension component will include the construction of approximately 4,000 km of MV network, 3,600 km of LV and public lighting network, 870 MV/LV transformers and the reinforcement and extension of the existing HV/MV networks. The electrification via micro-grids will include the construction of 2 mini-hydro (total capacity 3 MW), 10 PV solar power plants (300 kW each), 120 km of MV network and 170 km of LV network.
The Project supports the commitment made by the EU to be a global partner in promoting and implementing the 2030 Agenda and Sustainable Development Goals (SDGs). In particular, the Project supports SDG 1 on "Poverty Reduction", SDG 5 on "Gender Equality" by contributing to the empowerment of women, SDG 7 on ensuring access to "Affordable and Clean Energy" for all, and SDG 10 on "reduced inequalities" between the north and south of the country.
- Electricity, gas, steam and air conditioning supply
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 59 million
Total cost (Approximate amount)
EUR 121 million
By enabling access to electricity supply, the project is expected to improve the living conditions for the beneficiary communities. It has however also the potential for some adverse environmental and social impacts. Environmental and social impact assessment studies have been/will be prepared as applicable and mitigating measures and compensations will be implemented as necessary.
The project is in the public sector, subject to public procurement and required to comply with the provisions of the EIB Guide to Procurement.
Approved - 15/11/2023