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Joule Africa secures US$500k grant from PIDG’s Technical Assistance Facility for Hydropower Project

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Following completion of the first phase of feasibility studies for Kpep, its 285MW hydropower project in Cameroon, Joule Africa is pleased to have received a US$500,000 grant, to help finance the final stage of feasibility studies, including part of the Environmental & Social Impact Assessment (ESIA).

The grant has been provided by the Private Infrastructure Development Group’s (PIDG) Technical Assistance Facility (TAF) which has previously provided support for Joule Africa’s 143MW hydropower project in Sierra Leone.

Mark Green, Co-Founder of Joule Africa, commented:

“This funding comes at an exciting time for the Kpep project which has recently been identified as a priority power project for the country by the Government of Cameroon. As well as starting the ESIA studies, we are now embarking on negotiations with the Government to agree Heads of Terms for a Power Purchase Agreement.”

The Kpep hydropower project is located in the North Western region of Cameroon in the Katsina Ala river basin.  The Project is a storage reservoir scheme that has been optimized for firm energy/dry season production and will link into the Southern Interconnected Grid (one of three independent transport and distribution networks operated by Eneo Cameroun S.A.), providing electricity access on a national scale.