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Published:
Last Updated:
9 Dec 2019

Cameroon: Kribi Power Plant

PPP Brief

In 2009, the Government of Cameroon (GoC) awarded the Kribi Power Development Corporation (KPDC), a 20-year public-private partnership (PPP) to design, build, finance and operate the 216 MW Kribi natural gas-fired power plant, and associated transmission line. In 2012, the project received a financing package from the African Development Bank (AfDB), the European Investment Bank (EIB), IFC, the Netherlands Development Finance Company (FMO), the French Promotion and Investment Company for Economic Cooperation (PROPARCO), and the Central African Development Bank (BDEAC). The World Bank provided a partial risk guarantee to facilitate Cameroon’s first long-term, local currency loan for infrastructure and in 2014, MIGA extended a guarantee to Globeleq to cover various risks associated with an equity investment.

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