The Kribi Gas Power Project
In the late 1990s the government of
Cameroon initiated a reform to improve efficiency and
increase private sector participation in the country s power
sector. The reform included new legislation, a new
regulator, and privatization of SONEL, the state-owned
integrated power utility, which was transferred to private
management under a 20-year concession in 2001. The
concessionaire, Energy of Cameroon (ENEO), was granted
exclusivity over transmission and distribution of
electricity and the right to develop and own up to 1,000 MW
of generating capacity. In the early 2000s the government of
Cameroon decided to pursue the exploitation of offshore gas
reserves for, among other things, incremental power
generation. As a result, in March 2006, Perenco Cameroon, a
subsidiary of French Perenco, signed a 25-year
production-sharing agreement with Societe Nationale des
Hydrocarbures (SNH), the state-owned gas supplier, to
exploit the Sanaga South gas field. That agreement was the
basis for the later development of the Kribi Gas Power Project.
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Bibliographic Details
| Main Authors: |
Alvarez, Clara,
Kacaniku, Teuta |
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| Format: | Brief
biblioteca
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2015
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| Subjects: | AMORTIZATION,
ASSETS,
BANKRUPT,
BENEFICIARIES,
BORROWER,
BOTTOM LINE,
COMMERCIAL BANKS,
COMMERCIAL FINANCING,
COMMERCIAL LENDERS,
COMPETITIVE BIDDING,
CONCESSION,
CONTRACTUAL OBLIGATIONS,
CORPORATE FINANCING,
CREDITWORTHINESS,
CURRENCY MISMATCH,
DEBT,
DEBT-SERVICE,
DEFAULTS,
DEVELOPMENT BANK,
DEVELOPMENT COMPANY,
DEVELOPMENT FINANCE,
DEVELOPMENT FINANCE COMPANY,
DEVELOPMENT FINANCE INSTITUTIONS,
DISBURSEMENT,
DISTRIBUTION OF ELECTRICITY,
ELECTRICITY SUPPLY,
ELECTRICITY SYSTEM,
ENERGY SUPPLY,
EQUITY RATIO,
EXPLOITATION,
FAIR MARKET VALUE,
FINANCE CORPORATION,
FINANCIAL STRUCTURE,
FINANCING NEEDS,
FOREIGN CURRENCY,
FOREIGN EXCHANGE,
FOREIGN EXCHANGE RISK,
FUEL,
GAS,
GAS SUPPLY,
GENERATING CAPACITY,
GOVERNMENT OBLIGATIONS,
GUARANTOR,
HOLDINGS,
HOUSEHOLDS,
HYDROPOWER,
INFRASTRUCTURE FINANCE,
INFRASTRUCTURE FINANCING,
INSTRUMENT,
INTERNATIONAL DEVELOPMENT,
INTERNATIONAL FINANCE,
INVESTMENT BANK,
KILOWATT HOUR,
LIQUIDITY,
LOAN,
LOAN AGREEMENT,
LOAN MATURITY,
LOCAL BANKS,
LOCAL CURRENCY,
LOCAL LENDERS,
MAXIMUM MATURITIES,
NATURAL GAS,
ORIGINAL AMOUNT,
PARTIAL RISK,
PAYMENT OBLIGATIONS,
PEAK DEMAND,
POWER,
POWER GENERATION,
POWER PLANT,
POWER PROJECT,
POWER SECTOR,
PRIVATE EQUITY,
PRIVATE FINANCING,
PRIVATE INVESTMENTS,
PRIVATE LENDERS,
PRIVATIZATION,
PROCUREMENT,
PROMISSORY NOTES,
PUT OPTION,
REGULATORY CONSTRAINTS,
RESERVE,
RESERVES,
SALES AGREEMENT,
SHAREHOLDER,
THERMAL POWER,
THERMAL POWER PLANT,
TRANCHE,
TRANCHES,
TRANSMISSION LINE, |
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| Online Access: | http://documents.worldbank.org/curated/en/2015/01/24381411/kribi-gas-power-project-private-local-currency-financing-made-possible-through-ida-guarantee
https://hdl.handle.net/10986/21762
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