Solar power plant project, Cameroon
Name and Location
Solar power plant project, Cameroon.
Client
GSC Energy, a subsidiary of GSC Holdings, and the government of Cameroon.
Project Description
The project involves the construction of a 500 MW solar plant, enough to boost generation in Cameroon by more than 50%, under a plan agreed by the government and a group of companies. The solar plant is part of $12-billion spend by government to more than triple electricity production to 3 000 MW by 2020 through a combination of hydro, thermal and solar projects.
Value
$2.2 billion. The project will be financed through a mixture of debt and equity.
Duration
The project is expected to take 18 months to complete.
Latest Developments
A consortium, led by South Africa’s GSC Energy, signed a memorandum of understanding in November 2013 with Cameroon to develop the plant at a fee significantly less than that of current electricity providers.
A feasibility study is due to start in the coming weeks and construction could begin within 18 months of the study’s completion.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
GSC Holdings, tel +27 11 656 4309, fax +27 11 656 4319 or email info@gscgroup.co.za.
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