CMR'nian company requests for SFI extension

Kribi power development corporation (KPDC), an enterprise controlled by Globeleq, subsidiary of the British investment Funds, Actis, responsible for the management of the station at Kribi, currently negotiated a long-term loan with the International Finance gas Corporation (SFI) for the extension of this energy infrastructure which has a capacity of 216 megawatts (MW).

This operation should make it possible to mobilize the totality of 65 billion francs CFA necessary to increase the capacity of this power station to 330 MW.

However, KPDC is in negotiation with local banks, for the opening of credit limits having to supplement the loan discounted in the long run of SFI.

The negotiations in progress with the local banks should be shown in October 2014, whereas the signature of a financing agreement with the SFI could be intervened in the first quarter of 2015.

The market for the extension of the power station of the gas in Kribi was entrusted to the Finnish company Wartsila, the sums to be mobilized having to carry the total cost of the investments at 173 billion francs CFA.