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Cameroon: African Development Bank grants a loan of EUR 74 million for electricity sector reforms to facilitate universal access to power
18 Décembre 2023
LIBREVILLE, December 15 (Infosplusgabon) - The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.
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