The Society of national transport and Electricity in Cameroon( Sonatrel ) is on its way to launch a strenghtening programme to update the National Electricity Network Grid in the country. The Minister of Energy and Water, Mr Basile Atangana Kouna, revealed in an interview to the pro-government daily.
It is believed that the Cameroon government is seeking financial worth of up to 940 Billion FCfa. In order to complete this programme, part of the finalising is being done right now through the IRBD branch of the World Bank, hence leads to a loan of USD 325 Million (approximately180 Billion FCfa)
Minister Atangana Kouna highlighted.Several other international lenders are lined up for the financing of this program for which Sonatrel will benefit from the expertise of the French company RTE. These are Exim Bank China, Société Générale, Exim Bank India, AfDB and BDEAC, or the Chinese bank ICBC and Deutsch Bank of Spain, Basile Atangana Kouna indicates.
