Active Development AidData Chinese Aid

China Eximbank pledges $191.25 million for expansion project of the Lagdo Hydropower Project and the Fleuve Faro Hydropower Remediation Project

$191.25M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Cameroon Ministry of Water Resources and Energy (MINEE)
Country	Cameroon
Start Date	Jul 06, 2012
End Date	Sep 29, 2029
Duration	6,294 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59476`

Grant Description

On July 6, 2012, China Water Resources and Electric Power Corporation (CWE) and the Cameroon Ministry of Water Resources and Energy signed a memorandum of understanding (MOU) on the renovation and expansion project of the Lagdo Hydropower Project and the Fleuve Faro Hydropower Remediation Project in Yaoundé.

This memorandum states that the project's total investment is $225 million, of which 85% ($191,250,000) will come from China Eximbank, and the remaining 15% will come from the government.

The Lagdu Hydropower Station was completed in 1984 by China Water Resources and Electric Power Corporation with an installed capacity of 72 MW. It was in the first batch of aid projects implemented by the Chinese Government in Cameroon. The current status of this project is unknown.

📋 Staff Comments

Transaction amount was derived from taking 85% of $225 million; this amount was not specified in the source.The Chinese name for these two projects are 拉格都水电站改扩建项目; 法罗河水电整治可行性研究项目

📚 Sources & References

中水对外与喀麦隆政府签署拉格都水电站改扩建项目备忘录, 【中国驻喀麦隆使馆经商处】中水对外与喀麦隆政府签署拉格都水电站改扩建项目备忘录 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.