Cooperation: British, Canadian Firms To Invest In Energy


High Commissioners of both countries made the disclosure during separate audiences with the Minister of Water Resources and Energy, October 11, 2017

 

British and Canadian firms have manifested interest in investing in the energy, water and hydrocarbons sectors of the country. Head of diplomatic missions of United Kingdom and Canada to Cameroon made the pronouncement after separate audiences with the Minister of Water Resources and Energy, Basile Atangana Kouna.

After the Wednesday October 11, 2017 audience, the British High Commissioner to Cameroon, Brian Olley said they reviewed the progress made with many projects in the last four years as well as charted ways for some exciting projects. Brian Olley disclosed that a British firm, New Age, will be coming into the country to engage in offshore drilling of gas. “It is a huge investment of 2.6 billion dollar (approximately FCFA 1.4 trillion),” the British diplomat said, indicating that the investment will create some 400 jobs in Cameroon. “It’s a very good account and excellent relations I have had with the Minister,” Brain told Cameroon Tribune.

Recalling the success of Victoria Oil & Gas (now known as Gas du Cameroun) which is being used by companies in Douala, the British High Commissioner said Cameroonian gas is going to power local businesses.

Brian Olley equally noted that another firm, Biwater, is engaged with government to construct water schemes in 13 localities across the country. The project, he said, costs 130 million pounds (about FCFA 94 billion) supported by concessional loans by the UK government.

Meanwhile, the new Canadian High Commissioner to Cameroon, Nathalie O’Neil has said a number of Canadian companies are interested in working in Cameroon. “It was necessary for me to discuss with the Minister on how we can collaborate. This was the first opportunity for me to meet with him and talk about issues of common interest,” Nathalie O’Neil said.


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