Cameroon: Dibamba Power Plant

In 2009, the Government of Cameroon awarded AES Dibamba Power Development Corporation (DPDC) the right to develop an 86-MW thermal energy Independent Power Plant (IPP). The Dibamba Project provides Cameroon with peaking and reserve capacity in electricity generation, in order to meet the growing public sector and industrial demand for electricity. The project will help avoid load shedding during the dry season that typically lasts from January to June each year. 

In 2008, AES Sonel received support by way of a €240 million debt-financing package extended by the African Development Bank (AfDB), the Central African Development Bank (BDEAC), the German Development and Investment Corporation (DEG), IFC, and PROPARCO. In 2014, MIGA supported issued a guarantee of €23.3 million to cover the investment by Globeleq Energy Holdings in DPDC and DPDC’s future earnings. MIGA’s coverage is for a period of up to 20 years against the risk of breach of contract.

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