Cameroon: Developing Renewable Energy – Government Engages Indian Firm

Development Director of Signature Group Capital Partners, Vikas Bhatnagar, on Tuesday December 23, 2014, signed four Memorandums of Understanding (MoUs) in view of carrying out the feasibility studies.

The government of Cameroon has gone into partnership with Signature Africa Venture Limited, part of a Dubai-based investment holding company, Signature Group Capital Partners, for the outfit to carryout feasibility studies across the country in view of developing diverse renewable energy sources. Energy and Water Resources Minister (MINEE) Basile Atangana Kouna and the Business Development Director of the Indian firm, Vikas Bhatnagar, signed four Memorandums of Understanding (MoUs) in Yaounde yesterday December 23.

These include studies for developing a rural electrification project, construction of a biomass electricity development pool and a solar energy pool as well as mini hydroelectricity plants in some regions of the country on the Build, Operate and Transfer (BOT) mode. Speaking to reporters after the ceremony, Vikas Bhatnagar said Signature Africa Venture Limited will by the MoUs bring its strong team of experts to start off studies as early as January. "All these will be at our cost. Our technical team will be here to carry out the studies and we are fully ready to put our manpower and […]

Leave a Reply