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Infos Business of Monday, 23 March 2015

Source: proactiveinvestors.co.uk

Victoria Oil begins supply to power plant in Douala

Victoria Oil and Gas (LON:VOG) has started to supply gas to the first of two new power stations at Douala, Cameroon.

The Bassa power station is now producing 20Mw using approximately 4.5 mmscf per day of gas supplied by Victoria’s Cameroon subsidiary, Gaz Du Cameroun (GDC), from the Logbaba field.

GDC‘s total gas production has risen to 8.5 mmscf daily from 4.5mmsc/d as a result.

The second station, the 30MW Logbaba plant, is now expected to come online in April with the commissioning schedule put back slightly due to shipping delays.

Kevin Foo, Victoria Oil’s executive chairman, said that, "4.5mmscf/d of gas from Logbaba to supply 20MW of power from Bassa to the National Grid is a proud achievement for GDC and an important step forward for Cameroon."

Joel Nana Kontchou, the chief executive of power group and GDC’s customer ENEO Cameroon, added, "The project addresses a shortage in the country's electricity supply due to a strong increase in demand combined with a lack of a reserve for the electric system."