Washington — The World Bank's Board of Executive Directors today approved US$132 million in zero-interest financing for Cameroon's Lom Pangar Hydropower Project (LPHP), to support the country's economic development and significantly improve the supply of electricity to homes and businesses across Cameroon.
Together with the African Development Bank (AfDB), the Central African States Development Bank (BDEAC), the European Investment Bank (EIB) the French Agency for Development (AFD), and the Government of Cameroon, the project will finance the Lom Pangar dam to store water during the rainy season and later release it during dry periods, to increase all-season hydropower generation capacity on the Sanaga River by approximately 40 percent.
...