EU joins AfDB to finance electricity interconnection between Cameroon and Chad

(Invest in Cameroon) - The European Commission and the African Development Bank (AfDB) signed an 20 2018 grant agreement in the amount of 30 billion FCFA), for the financing of the electricity interconnection project between Chad and Cameroon, announced the AfDB in an official statement published on January 20 9.

« The African Development Bank had given the green light, in December 2017, to finance up to 65% the project of electricity interconnection Cameroon-Chad, a cost of 399 million euros (about 262 billion FCFA). The donation made by the European Commission represents 7,5% of this amount. ", Says the pan-African bank.

This project, which is expected to be completed in 2022, will improve the economic and social development framework in Chad and Cameroon, through increased access to electricity and cross-border energy exchanges. cheap and cleaner.