U.K. company to build Cameroon's Memvele

摘要

Sud Energie, controlled by emerging markets generator Globeleq of the United Kingdom, has signed a deal to build the 200-mw Memvele hydro-power project in Cameroon.rnMemvele, also spelled Memve'ele, is one of a series of projects planned to raise Cameroon's capacity to about 2,000 mw by 2015, from barely 900 mw now, to meet demand rising by about 8 percent a year."You know that we are facing serious energy problems every day. It, on a daily basis, affects our industries, our enterprises, and household use," Finance Minister Polycarpe Abah Abah said following an August 8 signing ceremony. "That is why I think the signing of this convention is a giant step in resolving this energy crisis that very negatively impacts our economic growth."