Key Cameroon energy forum concludes

Cameroon IPADBy staff writer

YAOUNDE, (CAJ News) – THE International Partnerships for African Development (IPAD) Cameroon Energy and Infrastructure Forum has been hailed as a success.

The event was recently held in Yaoundé, the capital city, where more than 150 attendees from 12 countries attended.

It received high-level support from the government, including the opening keynote address by the Minister of Energy and Water Resources, Basile Atangana Kouna.

“The iPAD Cameroon Energy & Infrastructure Forum proved to be a great platform for dialogue and discussions between the various actors in our sector. I had some very interesting meetings with very serious partners and investors,” said Joel Nana Kontchou, Chief Executive Officer of ENEO Cameroon, the country’s state utility.

He explained the investment opportunities in the central Africa country’s energy sector.

For the next five years alone, the country needs between 800 and 1000 MW.

“And if we project even further by integrating the possibilities of interconnection with neighbouring countries, the range of investment opportunities for investors becomes even broader.  This is also true for fossil fuels and renewable energies as investors have many reasons to invest in the electricity sector in Cameroon,” said Kontchou.

He said there was the possibility of producing electrical equipment and materials locally.

Elodie Delagneau, iPAD Cameroon event director, said Cameroon was truly emerging as the next power investment destination in Central Africa. The impressive interest shown by the Cameroon authorities shows the vision and commitment of the country’s energy stakeholders,” said Delagneau.

He said prospective investors and vendors who were at the event were satisfied.

“We look forward to growing this event the way we have done with other iPAD Forums in countries such as Nigeria, DRC and Rwanda,” said Delagneau.

The iPAD event series is organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK.

The Cameroon event enjoyed the official support of the Cameroon Ministry of Water Resources and Energy, Globeleq, a successful private investor in the country’s power sector, shared its best practice experience during the event.

Other well-known industry supporters were Aggreko, Altaaqa Global, Siemens, Clarke Energy, BG SolarHydro, Ernst & Young, GeoSUN, KMPG, Ndoto, Sicame, Standard Chartered Bank, Steg IS and Voith.

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Posted by on Dec 17 2015. Filed under Africa & World, Energy, Finance, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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