YAOUNDE (Reuters) - Cameroon awarded the contract to build its proposed Lom Pangar dam to China International Water and Electric Corporation, the central African country’s Electricity Development Corporation said late on Monday.
Cameroon plans to spend some 6 trillion CFA francs to increase electricity output from 1,000 MW to 3,000 MW by 2020. More than half of the planned increase in capacity depends on the construction of the proposed Lom Pangar dam to control the flow of the Sanaga River.
It said the amount of the contract was just under 75 billion CFA francs and covered the study phase, supply, installation, construction and service launch of the dam in a period of 38 months.
Cameroon has already raised $1.4 billion since December to cover its planned infrastructure projects. No further details were immediately available.