The Cameroon plans to produce 6,000 megawatts ( mw ) of electricity over the next decade, according to estimates of the Ministry of Water and Energy for which the country is ' on track ' for the realization of this program. Experts working on the issue ahead of the validation work for ' White Paper ' on the sub- regional energy program countries of the Economic Community of Central African States (ECCAS ), the Cameroon soon house the foundation .
To get there , the country has achieved over the last five years, energy projects , as well as the construction of hydroelectric power plants dams , plus renewable energy is gaining ground.
By 2020 , Cameroon is expected to produce more than 3,000 MW of electricity, and everything suggests that projects planned to start next year will boost the country's energy production .
Currently, Cameroon which is the largest energy reserves of the continent after the Democratic Republic of Congo has only 1,000 MW installed , which barely covers 45 percent of electricity needs.
In this project, the Cameroon benefits from the expertise of the United Nations Program for Development ( UNDP ) as part of his project, called ' energy decade from 2014 to 2024 . "
Don't forget still got until next Friday for the deal to be done. And even then it could be the next Monday or so until RNS. These things always go to the wire, wouldn't be surprised if the signatures are done on the 31st at 11.55pm. Either way not a long wait before we hear something now.
My worry is the expectation is that this deal will be signed off in the next week which will mean its somewhat already factored in to this dreadfull price. Will be a long slog now simply to break even , 34p!!! Try addding 50p to that and thats just to break even, after being bitten on this and xcite im never touching AIM again the rules of this market are crazy. Not even looking for break even on this now a small loss would be a great result!
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