The State of Cameroon, represented by the Minister of Water and Energy (Minee), Basile Atangana Kouna, the electrician Eneo, a Cameroonian subsidiary of the British investment fund Actis, and Joule Africa Ltd, Represented by its President Mark Green signed on 12 January 2017 in Yaounde a tripartite letter of intent to build a 485 MW Kpep (Northwest) hydroelectric power station from River Katsina (photo).
According to Joel Nana Kontchou, Managing Director of Eneo, the letter of intent that was signed is a kind of bond that the government of Cameroon and the company Eeo grant to the provider Joule Africa.
For his part, Mark Green explained that with the signature of the letter, the Kpep project has just taken another step. After the pre-feasibility study phase already carried out by the international consultant Lahmeyer International, the full feasibility study is about to start.
Mark Green also announced the start of topographic studies, geotechnical work, preliminary engineering design and an environmental and social impact study. The cost of the project is estimated at $1.5 billion. The duration of the work is 4 years.