Electricity dealer in Cameroon, Eneo, a subsidiary of the UK-based Actis, said it has just extended its contracts with Altaaqa (Saudi Arabia) and Gaz du Cameroun (a subsidiary of British oil and gas operator Victoria Oil & Gas) until December 31 for the 50 MW of the Bassa-Logbaba gas plant.
The contract was originally signed in April 2015 for a period of two years. It was extended until the end of 2017. That is, eight months longer. The cost of this partnership between the two parties with Eneo at the beginning was 20 billion FCFA. “On the financial front, prorogation resulted in negotiations that resulted in reductions of around 16% on the price of gas and almost 33% on the rental price of the groups. Eneo retains these capacities as an emergency solution pending the commissioning of new works, in particular the Memvele dam (+200 MW). The 50 MW of installed capacity is available for the South Interconnected Network (SIN), “explains the Cameroonian subsidiary of the British Actis.
The Logbaba plant was developed at two Eneo technical sites in Douala. In Bassa, it is 16 groups with a capacity of 20 MW and in Logbaba, it is 24 groups with a capacity of 30 MW. Each has an installed capacity of 1,475 MW. Under the terms of the contract, Altaaqua has installed 40 turnkey machines for the production of electricity from the gas supplied to Eneo by Gaz of Cameroon. Eneo Cameroun therefore pays for the rental of groups and the supply of gas.
Eneo estimates to inject between 71 and 73 GWh of energy into the SIN by December 31, 2017.