FCFA 224bn for Chad-Cameroon Electrical Link
By Doh Bertrand Nua in Yaoundé
Cameroon and Chad will soon benefit electrical
interconnection through the International Development Association (IDA) to the
tune of 385 million dollars (nearly 224.14 billion FCFA). The approval was made
known by the World Bank will 16 June 2020.
Chad and Cameroon will soon share the same electrical grid |
A World
Bank statement to that effect indicates that the operation approved is
considered by the two countries as a priority project which will enable them
tackle challenges facing their respective energy sectors.
The
Director of Regional Integration for Sub-Saharan Africa, the Middle East and
North Africa at the World Bank, Deborah Wetzel, elained that the project will
be of great importance for the future of the sub region.
“Strengthening
regional electricity interconnection is particularly important for growth, job
creation and economic transformation. The new project will clearly demonstrate
the economic benefits of regional integration, but it will also play a crucial
role in improving access to electricity for some of the continent’s poorest
populations, thereby helping to reduce inequality,” he explained.
Apart
of supporting national energy development strategies in Cameroon and Chad, the
project is said to be in line with the strategy for supporting regional integration
and cooperation pursued by the World Bank Group which aims at laying the
foundations for the establishment of energy pools based on cross-border
interconnection systems.
The
project will also finance the first high-voltage interconnection structure in
Central Africa. This according to the statement will put clean electrical
energy sources in the south of Cameroon within reach of the North of the
country and of Chad, thus ensuring millions of residents of the two countries
to have access to reliable and affordable electricity.
The
project will also contribute to the efforts of the Sahel Alliance to accelerate
development and tackle the causes of fragility in the Lake Chad region, which
suggests that the fallout will go beyond Cameroon and Chad, since other
countries could benefit from the electricity trade and work towards regional
integration of the electricity networks.
Aside
the World Bank, other development partners like the African Development Bank
(AfDB) recently made available close to FCFA 148 billion to help finance the
electrical interconnection project between both countries.
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