The ENEO website has been upgraded and has notices of infrastructure work being and proposed to be undertaken.
The latest entry is press release 26th November about work in Douala, headline:Eneo is resuming work on the reinforcement of the Logbaba-Bassa-Deido-Bonaberi transmission line ".
Apparently, work has been some while and phase 1 whatever it is completed.
The reason given for the work and consequences is of particular interest, load shedding occurs so did that perhaps impact on energy usage in the last quarter.
Short term pain in order to accomplish the upgrade of the Bassa-Deido 90 KV transmission line, phase 2 may mean very occasional outages in Bonaberi, but phase ! may well have had a greater impact - if the work was to limit generation then logically they will get it sorted in the wet season.
Anyway, some may recall I commented in the past that the temporary 50MW power generation at Logbaba and Bassa sits alongside 50KW of HFO capacity which could be converted to Gas and operated concurrently -doubling the ENEO gas usage. The conversion must be undertaken in the wet season to get maximum benefit the real potential show stopper was the capability of the transmission infrastructure. It makes perfect sense to me for ENEO to convert Bassa and Logbaba ahead of Dibamba as the gas supply is already in place.
The linked press release contains a statement that I think may hint at that possibility, " increase the quantity of energy transmitted" sounds great to me, we all know who is generating energy in Bassa and Logbaba:
"It should be recalled that phase 1, which just ended, made it possible to increase the quantity of energy transmitted and improve safety along the Logbaba-Bassa section."
MV I object to your terminology. There is no need to be offensive, but perhaps that is your style. Not everyone who asks questions is a moron. I have spoken with Laurence on many occasions, not seeking to gain an advantage, just an understanding. And in the past he has happily spent time. Not all of us have the time to attend the AGMs of all the companies we invest in. As you probably know, there is no need for the company to answer any questions at an AGM, unless raised in advance. It is the place where the business of the company is done.
I bet Laurence Read is pestered by moron's all day every day. If you have questions then get off your backside and get to the AGM on Monday were you can ask as many questions as you want. All relevant VOG news comes via RNS's to everyone.
"Operationally they are doing what they say they are going to do. they don't speculate and they don't tell small shareholders what is happening as they blurt it out on bulletin boards often misquoting what has been said. I know the last point because I was told it by the company, They are better off updating the market when things happen and not before. When they have enough figures/money in, they will evaluate whether they are making money and no doubt will let us all know."
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