Energy: Foreign Companies Express Investment Interest
The Ambassadors of the UK, US, and Germany in separate
audiences July 26, disclosed the interests of companies in their
respective countries eyeing Cameroon’s energy sector.
(Cameroon Tribune) The Minister of Energy and Water Resources, Gaston EloundouEssomba, hosted three Ambassadors in his cabinet on July 26,
who all transmitted messages of interest from companies in their respective countries wanting to invest in Cameroon.
The British High Commissioner to Cameroon, Rowan James Laxton, who was the Minister’s first guest, told CT that some British companies are involved in water treatment and supply across the country while others are into production and distribution of all forms of energy. He said discussions with the Minister focused on current projects being implemented as well as possibilities for the future.
The British diplomat who was meeting Minster EloudouEssomba for the first time noted that it is well known that ByWATER, a British company with a track record recently teamed up with CAMWATER while another British company ACTIS is also very involved in the energy sector with ENEO.
He also talked about New Age’s big investment in gas exploitation in the Itindi oil fields off the coast of Limbe and expressed his country’s commitment to work together with the government of Cameroon to promote socio-economic development.
The US Ambassador, Peter Henry Barlerin for his part said he and the Minister discussed opportunities for development and mutual trade and investment opportunities as well.
He said a number of US companies like General Electric are already biding on some projects in Cameroon and that there are many other potential investment areas besides those thatGeneral Electric is interested in. GE is interested in the Limbe gas plant, as well as the Lagdo hydro electrical power plant rehabilitation and Nachtigal electricity project.
As for the German Ambassador, Hans-Dieter Stell,he said his country has a broad cooperation with Cameroon. He disclosed his discussions with the Minister centred on how government institutions can work with German companies to improveCameroon’s water and energy sector.
He revealed German companies are interested in impactful water supply projects; from piping to distribution of clean water whose demand is on a steady increase.
(Cameroon Tribune) The Minister of Energy and Water Resources, Gaston EloundouEssomba, hosted three Ambassadors in his cabinet on July 26,
who all transmitted messages of interest from companies in their respective countries wanting to invest in Cameroon.
The British High Commissioner to Cameroon, Rowan James Laxton, who was the Minister’s first guest, told CT that some British companies are involved in water treatment and supply across the country while others are into production and distribution of all forms of energy. He said discussions with the Minister focused on current projects being implemented as well as possibilities for the future.
The British diplomat who was meeting Minster EloudouEssomba for the first time noted that it is well known that ByWATER, a British company with a track record recently teamed up with CAMWATER while another British company ACTIS is also very involved in the energy sector with ENEO.
He also talked about New Age’s big investment in gas exploitation in the Itindi oil fields off the coast of Limbe and expressed his country’s commitment to work together with the government of Cameroon to promote socio-economic development.
The US Ambassador, Peter Henry Barlerin for his part said he and the Minister discussed opportunities for development and mutual trade and investment opportunities as well.
He said a number of US companies like General Electric are already biding on some projects in Cameroon and that there are many other potential investment areas besides those thatGeneral Electric is interested in. GE is interested in the Limbe gas plant, as well as the Lagdo hydro electrical power plant rehabilitation and Nachtigal electricity project.
As for the German Ambassador, Hans-Dieter Stell,he said his country has a broad cooperation with Cameroon. He disclosed his discussions with the Minister centred on how government institutions can work with German companies to improveCameroon’s water and energy sector.
He revealed German companies are interested in impactful water supply projects; from piping to distribution of clean water whose demand is on a steady increase.
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