Queue at the filing station The President, Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
By Favour & Akinola Ajibade
Savannah Energy Plc has signed a Memorandum of Agreement (MoA) with the Cameroonian Government, with a view to generate 75 megawatts ( Mw) of electricity in the northern region of Cameroon.
By this, the parties involved in the provision of 75 megawatts of electricity in the anglo-phone country are legally binded to respect the terms of the agreement reached before and after the execution of the project.
The parties majorly are Savannah Energy Plc and Cameroonian Government.
Savannah is achieving this plans, by developing the Bini Warak Project to generate electricity in order to further improve supply especially in northern part of Cameroon.
The company wholly owns Savannah RCM Limited, which its signed MoA.
Before to this period, Savannah Energy Plc, a British Independent Energy Company, has implemented many projects in the power/ allied sectors, with the recent MoA signing holding greater importance in the country..
Speaking during the ceremony in Yaoundé, Cameroon, the country's Minister of Water and Energy, Gaston Eloundou Essomba, said the 75Mw project would help in providing clean stable and affordable power to residents in northern Cameroon on completion.
According to him, the event which had the British High Commissioner to Cameroon, Dr Christian Dennys- McClure, Savannah Energy's Chief Executive officer, Mr Andrew Knott and other signatories in attendance, was meant to improve economic growth through generation of electricity in the Anglo-Phone country.
He said the facility would help in improving electricity in the Northern Region of the country by 50 per cent, as well as helping in dispatching power to the southern part of Cameroon.
Part of the goals of the Bini Warak Project, Essomba said include the construction of a dam on the Bini River, together with an 82km2 reservoir and associated tunnels, powerhouses, substations and a 225 Kilovolt transmission line connecting the Bini Project to Cameroon's northern electricity grid.
The minister further said the project will run over a period of years, beginning from 2024 to 2028.
Essomba said: " The Government is delighted to partner with Savannah Energy in order to deliver clean and affordable electricity to support our industrialisation plans for northern Cameroon. The Bini Project will address the current electricity shortages caused by the hydrology deficit of the Ladgo Dam and reduce the consequent reliance on expensive thermal generated power in the region.
Adding that: Our partnership with Savannah is in line with our long-term "Vision 2035" Master Plan for increasing the electrification in the country and the National Strategy for Development 2020-2030. The decision to invest in the Bini Project is a clear indication of the confidence Savannah has in our country's potential and our legal frameworks for investment. As a government, we will provide all the support needed to enable Savannah to deliver first power from this exciting project in the 2027 to 2028 window."
Also, Dr Christian Dennys-McClure said that the British Government is greatly excited about the massive investment in renewable energy in Cameroon.
"I am delighted that a British company, Savannah Energy, is making such a substantial investment in renewable energy in Cameroon. Cameroon has plentiful hydropower resources which, through investments like this, can be harnessed to develop the economy and improve the lives of millions of Cameroonians. This is a further example of the United Kingdom's commitment to Cameroon." he said.
Speaking in the same vein, Savannah Energy's CEO, Andrew Knott said that the signing of the Bini a Warak MOA would help in providing clean, stable and affordable power to northern Cameroon, as well as supporting both households and industrial projects in the region.
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