Globeleq completed the acquisition of majority interest in more than 300 MW of generation capacity in Cameroon.
Through Globeleq’s majority owned independent power generation companies, Kribi Power Development Corp. and Dibamba Power Development Corp., the company will own and operate the 216 MW natural gas-fired Kribi and the 86 MW heavy fuel oil-fired Dibamba facilities. Both plants sell electricity to SociétéNationaled’Electricité (Sonel), the national integrated utility company, under 20 year PPAs. Cameroon retains its existing shareholding in the generation companies.
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