RE: where Grenor Cameroon at?21 Jul 2018 15:28
bigsmoke, if you remember Grenor and Power China International are part of a steering committee (signed by Paul Biya seven months ago) so probably a bit soon to write them off!
On December 19, 2017, Paul Biya, Cameroon’s president, has signed a decree for the creation, organization, and functioning of a steering committee for the electricity highways project.
Present in this governmental committee are the Norwegian Green Energy Norway (Grenor) and the Chinese Power China International. The mission of this committee is to ensure the consistency of projects with public policies, validate related studies, formulate strategic orientations, assess funding strategies, make sure that government’s commitments and obligations are met, recruit external consultants, etc.
The presence of these two groups in the committee is not a big surprise. Indeed, on August 11, 2017, in Yaoundé, Paul Biya met with Finn Johnsen, and Song Dongsheng, respective CEOs of Green Energy Norway (Grenor) and Power China International.
That day, they came to the Palais de l’Unité to present, to the president, an industrial development offer for the country. This first includes the construction of a 150 MW thermal power plant whose output will be provided to people of Douala and its surroundings. Next, there is the extension of Memve’ele hydroelectric dam (211MW) and, finally, the construction of a 1,000 MW thermal power plant.
During the meeting, Finn Johnsen declared that this extensive programme is an opportunity for young job seekers because it will help generate 800,000 direct and indirect jobs.
https://www.businessincameroon.com/electricity/2312-7663-cameroon-government-integrates-grenor-and-power-china-to-the-steering-committee-in-charge-of-electricity-highways
Sign In
Follow the stocks
