London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Electricity: a breakdown in the transport network disrupts service in several districts of Douala
Business in Cameroon) - This September 16, 2021, we learn in an official message from the concessionaire of the public electricity service in Cameroon, “ Eneo (was) informed of the occurrence of an incident at the Sonatrel station (National company transmission of electricity, Editor's note) from Logbaba to Douala, and the disruptions resulting from this situation on the service to its customers ”.
“ Following the thunderstorms last night in the city of Douala, Sonatrel recorded an alert at the level of the 225/90 kV transformer n ° 2 of Logbaba. As prescribed by the operating procedures for this type of structure, this transformer was removed to carry out in-depth checks , ”explains the public electricity transmission company. However, she does not say when the situation will return to normal.
Eneo, which claims to follow developments closely, lists no less than 24 districts of the Cameroonian economic capital affected by the disruption of the electricity service as a result of this incident. Among these is the area housing the freight services of Douala International Airport.
Since the transfer of the electricity transmission activity in Cameroon to the public company Sonatrel, the breakdowns on the transmission network have increased, despite the provision of this company of Eneo agents formerly dedicated to management of the transport network. Since the start of 2021, these blackouts have become more recurrent, sometimes depriving entire cities of electricity for several hours.
For example, for the month of January 2021 alone, the country experienced two collapses of its transport network (January 25 and 28, 2021, Editor's note), which impacted distribution on the entire South interconnected network (RIS), which brings together the regions of the Center, the South, the Coast, the West, the South-West and the North-West, ie six regions out of the 10 in the country.
Who knows?, this has been going on for about the last 5 years with vog.
Every now and then for NO reason someone in lse admin just takes away some very good posts, now I am not sure if it has anything to do with vog having a lot of say or just that someone in admin takes a dislike to something being said even though most of the posts being taken out have good facts to them.
But if it just that someone in lse has a dislike then this post could disappear within a few moments.
Jed, where did your post and my reply go?
Yes, all quiet here until RSM arbitration ruling. Interest will pick up after that.
latest tweet from VOG:
Great to have an update on the great work
continue to do in Cameroon and learn about their new surgical fund
Does anyone know what our connection with Orbis is, and the amount we contribute (probably buried in the accounts?).
Here is the need: https://www.orbis.org/en/where-we-work/africa/cameroon
I would like to think we make a significant contribution if we are gaining shareholder PR, and employee and government goodwill through such donations. Is this so?
Cameroonian industrial firms that require 340MW have to wait until 2023 – Eneo
Jul 26, 2021
While more than 65% of needs are expressed for the period 2021-2022, electrician Eneo indicates that “the production offer will be diversified and more competitive” only by 2023. Many of the projects that underpin this additional demand for electricity could be postponed.
Requests for electricity supply submitted to Eneo, the exclusive distributor of electricity in Cameroon, show that industrial companies need 340 MW of additional power in the short term to develop their activities. The information was given by the electrician during a meeting with the employers held in Douala on July 22.
According to Eneo, 65% of this request is made by 15 companies. These are Prometal IV, Sky Hotel, SAD Bonapriso, GeoRessource, EverWell, CFAO Retail, Cemtech, Prometal, Novia, Zhenglong, Bocom, SAD Japoma, Cimencam, Mira 1&2 and Sosucam. The most demanding sectors are agri-food, cement, real estate and services.
More than 42% of this demand (144 MW) comes from Douala and its surroundings (Bomono, Bekoko, Dibamba, Logbaba and Mudeka) against 47 MW for Yaoundé and its surroundings (Mbandjock, Mbankomo, Nkoabang…). In Kribi and its surroundings, the needs are estimated at 108 MW. They are 42 MW (2 MW are already available) in the Far North.
With the exception of the Memve’ele hydroelectric power plant, all of whose electricity produced should be available from the end of 2021 (211WM of installed capacity, but whose low flow of the Ntem does not guarantee total availability), the other production projects are announced on this horizon. “These are the Nachtigal hydroelectric power plant (420MW), the Bekoko gas plant of the 30 MWp solar emergency project being deployed in the RIN and two solar power plant projects in IPP with strong prospects of financial closing at the beginning of 2022,” the electrician lists.
In addition, the transport problems inherent in these needs will have to be resolved. For example, eight source stations (Besseke, Mudeka, Yaoundé city centre, Kribi, Grand Zambe, Bwang Bakoko, Figuil and Nkoteng) and a new transformer span at the Logbaba substation are to be built. And to date, we have no visibility on the financing of these infrastructures.
'this new factory will increase the company's overall production from 200,000 tonnes per year to over 300,000 tonnes, we officially learn.'
Thus 1.6 billion CFAF /2 x3 /555 (XAF to $) =$4.3m annual payment to GDC.
Iron: the most modern processing plant in sub-Saharan Africa will be operational in Douala in October 2021
Moreover, at the analysis, the entry into production of Prometal 4 should help boost the turnover of certain strategic suppliers of the company. These include the electricity company Eneo, to which Prometal, its 2 nd customer after Alucam (Cameroonian aluminum company), already pays annual bills of around 4 billion FCFA; or Gaz du Cameroun (GDC), which already receives annual payments of CFAF 1.6 billion from Prometal.
is this cr8p stock not bust yet? It will be , eventually
GDC’s gas supply suspension forces
interruption of CICAM’s towel and printed
fabric production activities in Douala
Internal sources have revealed that,
the two Cotonnière industrielle du
Cameroun (CICAM)’s Douala-based
plants have been inoperational
since July 21, 2021. According to the
sources, this is due to the suspension, by Gaz du Cameroun (GDC), of
gas supplies used as energy by the
two plants specialized in the production of printed fabrics and towels.
Fact is, GDC suspended its supplies
to CICAM due to unpaid invoices
estimated at XAF630 million.
Comments and discourse per the
suspension suggests that it will now
be harder for the company to pay
salaries to its staff.
Overall, this new episode demonstrates the gravity of the situation at
CICAM. In 2015, despite a XAF13.2
billion performance contract
with its sole shareholder (State of
Cameroon), CICAM is unable to
overcome the difficulties it has been
encountering since imported and
contraband products broke into the
local textile markets.
Years ago, it was the flagship of
the textile industry in the CEMAC
region. Nowadays, its local market
share barely reaches 5% while the
remaining share is controlled by
printed fabrics from China and West
Africa, Nigeria notably.
Who knows maybe they might buy some gas from us.
Here's some examples discussed in this article:
VOG to diversify into renewables also?
(Business in Cameroon) - In its news magazine that it has just published, the National Hydrocarbons Company (SNH) reveals that it plans to invest in renewable energies.
Thus, according to this magazine, the company indicates that it sees " the enhancement of development opportunities for renewable energies ". This is in line with its new actions in the 2020/2024 development plan. SNH does not give details of its planned investments in the development of renewable energies. She just specifies that this is one project among many in terms of development.
If its new investments materialize, it will be the death knell for diversification for this state-owned company whose core business, for the moment, is the management of hydrocarbons. SNH could thus invest in the still embryonic renewable energy market in Cameroon.
Indeed, according to Unesco, Cameroon has a significant potential in renewable energy sources, with in particular a significant solar deposit and large biomass resources. Access to energy remains precarious, however, especially in rural areas. This precariousness is more severe in the regions of the North and the Far North where the electrification rate is very low, less than 22%, and in which more than 95% of households use wood fires as energy for cooking.
Very interesting that Aksa is on the list. What bearing does the outcome have on Bekoko? Will they build Limbe as well as Bekoko if chosen? Will they progress Bekoko more quickly if not chosen? Either way, it shows some commitment by Aksa towards Cameroon.
Sino-Ghanaian consortium Sunon Asogli / China Energy E. in pole position to build Limbé gas plant
Thursday, 09 September 2021 14:52
Business in Cameroon) - The Minister of Water and Energy (Minee), Gaston Eloundou Essomba, has just published the results of the call for tenders launched on May 7, 2020 for the prequalification of partners in with a view to carrying out studies, construction and operation in “Build Operate Transfer” mode (build, operate and transfer, in French) of the Limbé gas-fired power plant (350 MW) and associated power lines.
Indeed, referring to the list of pre-qualified companies, the Sino-Ghanaian consortium Sunon Asogli Power Limited (Ghana) / China Energy Engineering Corporation Limited, headquartered in Tema, Ghana, is ranked number one ahead of four others. candidates.
The other respective contenders are: the Sino-Cameroonian consortium Folder Energy Partners Limited-China Machinery Engineering Corporation (CMEC) based in Douala, Cameroon; the Chinese Power Construction Corporation of China Limited (Power China) based in Chengongzhuang West Road (China); Turkish Aksa Enerji Uretim AS and Acwa Power based in Dubai.
" The managers of these companies are invited to contact the Minee cabinet (...) for the rest of the procedure, " said Mr. Eloundou Essomba. The next step will consist of an audition of the candidates in order to obtain a short-list of three companies. Later, the successful tenderer will be declared.
With a production capacity of 350 MW, the future Limbe gas-fired thermal power station aims to improve the supply of electrical energy in the Littoral, West and South-West regions, indicates the Minee. The project itself must be delivered by 2024 at the latest, according to the official timetable.
This pre-qualification stage puts an end to the collaboration between the Cameroonian government and the Eranove group on this project. Indeed, on April 22, 2014, the State of Cameroon had already signed a memorandum of understanding for the realization of this project, with this independent producer of electricity and water, controlled by the investment fund Emerging Capital Partners (57%). But the partnership between Eranove and Cameroon has not flourished for reasons that are not disclosed so far.
Tuesday September 7th, 2021ECONOMY
Korea's Daewoo and Korea Midland Power Company take an interest in Cameroonian gas
It is in its news magazine published this September that the National Hydrocarbons Company (SNH) reveals that Korean investors...
What date is on that please as I can't find it on the current pages "Business in Cameroon" and the link in French is simply going to an "Error" message?
DOUALA, REPUBLIC OF CAMEROON-February 29 2016-GE’s Distributed Power business (NYSE: GE) today announced that U.K.-based Clarke Energy, GE’s new authorized distributor of Jenbacher gas engines in Cameroon, is supplying a 1.4-megawatt (MW) J420 Jenbacher gas engine to Flour Mill SCTB s.a. (Societe Camerounaise de Transformation du Blé S.A.) to provide more reliable, cost-effective, on-site power for the company’s mills in the city of Douala. The project marks the first Jenbacher gas engine order in Cameroon for Clarke Energy.
Douala, Cameroon, May 2021, Clarke Energy and INNIO Jenbacher are delighted to announce the successful commissioning of a high-efficiency INNIO Jenbacher gas engine to power a new Pasta factory in Cameroon.
This project is an important milestone and a significant progress for Clarke Energy after successful acquisitions and
installations of similar projects in Cameroon,
with two other installations planned for Q3 2021
It is worthy to note these
acquisitions have allowed Clarke Energy to further grow its market share with 100% success rate over the last three years.
Scheduled 30,000 Hour Semi-Overhaul Completed at SCTB in Cameroon
The INNIO Jenbacher JGC420 gas engine installed by Clarke Energy at SCTB in Cameroon has recently been semi-overhauled after 30,000 hours of operation. Clarke Energy originally supplied the 1.4MW Jenbacher Type-4 gas engine to SCTB in 2016 to provide more reliable, cost-effective, on-site power for the company’s mills in the city of Douala. The project marked the first Jenbacher gas engine order in Cameroon for Clarke Energy.
We salute the know-how and technical skills of the Clarke Energy Cameroon maintenance team who ensured this intervention from the supply of parts to the start-up of the engine.
Just interested in LNG export, or power and gas development within Cameroon?
(Business in Cameroon) - It is in its news magazine published this September that the National Hydrocarbons Company (SNH) reveals that Korean investors are interested in Cameroonian hydrocarbons.
“ A delegation of four investors, representing Daewoo and Korea Midland Power Company (KOMI-PO), was received at SNH headquarters on May 6 , by Councilor 2, Jean-Jacques Koum. The objective of the meeting was to better understand Cameroon's potential in hydrocarbons and, more broadly, the energy sector. Exploitation and production opportunities, as well as the development of gas resources, were presented by the exploration and gas division ”. SNH does not reveal the end of these discussions with Korean investors.
Daewoo is best known as a South Korean industrial group founded by Kim Woo-Choong, active in shipbuilding, construction, weapons, home appliances, electronics and automotive manufacturing. The company is also developing gas engines. Korea Midland Power Company, for its part, operates one of the largest power plants in the Republic of Korea. She has expertise in operating electric power manufacturing processes and skills in building factories. This state-owned electricity company also regularly imports small volumes of LNG (liquefied natural gas) for its electricity production. A product exported by Cameroon since 2018.
According to SNH, Cameroon LNG was exported for the first time in South Korea, Kuwait and Turkey during the 1 st quarter 2020. The arrival on site in Cameroon Daewoo and Korea Midland Power Company that could boost trade gas to Asia.
VOG shares coming soon at your local supermarket :)
In answer to the comment on the other site. I'm well aware of the list on VOG's website but that's only 3% or over and only if notified. Some here were over 3% but have dropped below due to dilution. In any case some of the holdings were only acquired in the last two years so can hardly be 3 years old.
The purpose of my post was more to highlight that around 75% of VOG is held by a small number of holders. How many institutions or other holders Credit Suisse represent is unknown. Perhaps I should have made my purpose of posting clearer.
As some collateral verification the FT tearsheet backs this list up with dates. Of course, this is only as good as their information sources but I would like to think they can verify it.
Looks like a current list. Rest of the site info is up to date.
Some are nominee accounts clearly.
China’s Yousheng Cement Co Ltd to build a cement plant in Douala
(Business in Cameroon) - Chinese company Yousheng Cement Co Ltd is currently finetuning the establishment of a new cement plant inside the port area in Douala. The information was disclosed by Nana Aboubakar Djalloh, Minister Delegate to the Minister of Environment, in a release inviting the population to the public sittings, on August 30-September 4, 2021, at the Joss II Government Primary School in Douala, in the framework of the project’s environmental impact assessment.
This plant will be the seventh of its kind installed in Cameroon and it will make the country a cement-producing hub in the Central African sub-region. Indeed, according to credible sources, the construction works for the sixth plant will soon be launched at the Kribi deep seaport’s industrial zone.
The new plants will boost competition in the local cement market currently animated by five operators: Cimencam (2.2 million tons production capacity), Dangote Cement (1.5 million tons), Eren Holding through Medcem Cameroun (600,000 tons), Cimaf (500,000 tons but currently being extended), and Mira Company (1 million tons).
Read the RNS you've kindly repeated..' in the event of'. So, not being acted on yet. Finance for Vog, maybe for good things or may be for cashflow until such point the good things happen. Or not. Nice to read balanced posts.