ENEO intends to find 3700 billion FCfa of investment over 10 years

The Director general of the electricity operator Eneo, Joël Nana Kontchou, called "other actors to take their share of responsibility" to gather the sum of 3700 billion CFA FRANCS over 10 years, necessary for the strengthening of the supply of electric energy in Cameroon.

Speaking on Friday in Douala, the economic metropolis on the occasion of the opening ceremony of the 4th Conference of GICAM, he said that in the 477 billion CFA FRANCS that his company is committed to mobilize over the period, they should need 2500 billion CFA FRANCS of investment in the production designed installed capacity of 3000 megawatts, and also 700 billion CFA FRANCS required for the transport of energy.

"By 2025, we may consider a rate of service of 75% with a reduction of more than 85% of electricity supply interruptions," said Joël Nana Kontchou who indicated that the ambition of the operator is to double the number of subscribers in 10 years to exceed 2 million clients in 2024.

Eneo, he said, intends to reduce by 70 percent, a 5-year annual average length of non-supply of energy to the low-voltage client, replace or repair 400,000 wooden posts over the next 5 years, create 4000-5000 posts of low voltage distribution in the fight against decreases of voltage and reducing technical losses.

The company has also greatly eased the terms of connection and payment of its benefits, multiply the means of electronic payment to reduce queues in commercial agencies, and establish a system of tele-lecture meters.

The Eneo boss notes sadly that the electrical system in Cameroon works without a sufficient power reserve, a very harmful absence.

The operator having almost reached the franchise's production granted under its concession, becomes, according to him, an urgent need to strengthen production by commissioning of new works, the rehabilitation of existing structures, the purchase of power from independent producers and potentially lease equipment to deal with emergency situations.

Cameroon is packed with great hydroelectric potential, gas and exceptional human resources, said Joël Nana Kontchou and that this market will be smooth and attractive once sector reforms are implemented.