Cameroon: SONEL

By the late 1990s, it was clear that Cameroon’s power sector would not be able to meet growing demand for electricity. In response, the government of Cameroon undertook reforms of the power sector, including privatization of the state power utility, Société Nationale d’Electricité (SONEL). In July 2001, AES Corporation, a global power company, acquired 56 percent of SONEL’s equity and entered into a 20-year concession to generate, transmit and distribute electricity in Cameroon. In the decade since privatization, SONEL has transformed from a loss-making government utility to an income-generating enterprise which has successfully attracted additional investments. 

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