World Bank loan, Lom Pangar deal
Issue 142
- 05 Jul 2008
| 5 minute read
The World Bank board has approved a $65m loan for the Energy Sector Development Project, and Rio Tinto Alcan has signed an agreement with the state Electricity Development Corporation (EDC) to provide technical assistance in the development of the Lom Pangar dam. According to the World Bank, “the Lom Pangar Hydropower Project (LPHP) is the anchor project to realise Cameroon’s significant hydro power potential. Cameroon’s three existing water reservoirs do not have sufficient storage capacity (total of 7.5km3) to maintain reliable power supply during the dry season.
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