Cameroon: FCFA 22 Billion to Finance Mékin Hydro Electric Project

The governments of Cameroon and China yesterday signed a loan agreement to that effect.

The government of China, through Exim Bank of China, has made available FCFA 21.9 billion for the execution of the Mékin hydro electric project in the Dja and Lobo Division of the South Region of Cameroon. The loan agreement was signed yesterday at the Conference Hall of the Ministry of the Economy, Planning and Regional Development (MINEPAT). Louis Paul Motaze, MINEPAT boss, signed for Cameroon while the Chinese Ambassador to Cameroon, Huang Changquing, signed for his country. The project consists in building a dam on river Dja and Mékin capable of holding 940 million cubic metres of water, a 12-megawatt hydro electric thermal plant and a high tension evacuation line of 63 kilowatts on 40 kilometres. The objectives of the project are to supply the entire Dja and Lobo Division with hydroelectricity, boost the development of fishing as well as promote ecotourism through the Dja wildlife reserve.

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