Cameroon: Miga guarantees for Actis


Issue 282 - 26 Jul 2014 | 1 minute read

The World Bank Group’s Multilateral Investment Guarantee Agency (Miga) announced on 14 July that it is providing guarantees worth $180m to Actis subsidiary Energy Cameroon Coöperatief for its equity investment in national utility Sonel. The deal will provide cover against the risk of transfer restriction, war and civil disturbance and breach of contract for eight years. Actis subsidiary Globeleq is also covered under the agreement for its investment in the 216MW Kribi gas power plant and 88MW Dibamba heavy fuel oil plant. Globeleq is covered for up to 20 years against breach of contract.

Tagged with:

Pin Power, Resources

Pin Cameroon

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register