The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee
In the late 1990s the government of Cameroon initiated a reform to improve efficiency and increase private sector participation in the country s power sector. The reform included new legislation, a new regulator, and privatization of SONEL, the sta...
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World Bank, Washington, DC
2015
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Online Access: | http://documents.worldbank.org/curated/en/2015/01/24381411/kribi-gas-power-project-private-local-currency-financing-made-possible-through-ida-guarantee http://hdl.handle.net/10986/21762 |
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okr-10986-217622021-04-23T14:04:05Z The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee Alvarez, Clara Kacaniku, Teuta AMORTIZATION ASSETS BANKRUPT BENEFICIARIES BORROWER BOTTOM LINE COMMERCIAL BANKS COMMERCIAL FINANCING COMMERCIAL LENDERS COMPETITIVE BIDDING CONCESSION CONTRACTUAL OBLIGATIONS CORPORATE FINANCING CREDITWORTHINESS CURRENCY MISMATCH DEBT DEBT-SERVICE DEFAULTS DEVELOPMENT BANK DEVELOPMENT COMPANY DEVELOPMENT FINANCE DEVELOPMENT FINANCE COMPANY DEVELOPMENT FINANCE INSTITUTIONS DISBURSEMENT DISTRIBUTION OF ELECTRICITY ELECTRICITY SUPPLY ELECTRICITY SYSTEM ENERGY SUPPLY EQUITY RATIO EXPLOITATION FAIR MARKET VALUE FINANCE CORPORATION FINANCIAL STRUCTURE FINANCING NEEDS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FUEL GAS GAS SUPPLY GENERATING CAPACITY GOVERNMENT OBLIGATIONS GUARANTOR HOLDINGS HOUSEHOLDS HYDROPOWER INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INSTRUMENT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT BANK KILOWATT HOUR LIQUIDITY LOAN LOAN AGREEMENT LOAN MATURITY LOCAL BANKS LOCAL CURRENCY LOCAL LENDERS MAXIMUM MATURITIES NATURAL GAS ORIGINAL AMOUNT PARTIAL RISK PAYMENT OBLIGATIONS PEAK DEMAND POWER POWER GENERATION POWER PLANT POWER PROJECT POWER SECTOR PRIVATE EQUITY PRIVATE FINANCING PRIVATE INVESTMENTS PRIVATE LENDERS PRIVATIZATION PROCUREMENT PROMISSORY NOTES PUT OPTION REGULATORY CONSTRAINTS RESERVE RESERVES SALES AGREEMENT SHAREHOLDER THERMAL POWER THERMAL POWER PLANT TRANCHE TRANCHES TRANSMISSION LINE In the late 1990s the government of Cameroon initiated a reform to improve efficiency and increase private sector participation in the country s power sector. The reform included new legislation, a new regulator, and privatization of SONEL, the state-owned integrated power utility, which was transferred to private management under a 20-year concession in 2001. The concessionaire, Energy of Cameroon (ENEO), was granted exclusivity over transmission and distribution of electricity and the right to develop and own up to 1,000 MW of generating capacity. In the early 2000s the government of Cameroon decided to pursue the exploitation of offshore gas reserves for, among other things, incremental power generation. As a result, in March 2006, Perenco Cameroon, a subsidiary of French Perenco, signed a 25-year production-sharing agreement with Societe Nationale des Hydrocarbures (SNH), the state-owned gas supplier, to exploit the Sanaga South gas field. That agreement was the basis for the later development of the Kribi Gas Power Project. 2015-04-21T18:03:19Z 2015-04-21T18:03:19Z 2015 Brief http://documents.worldbank.org/curated/en/2015/01/24381411/kribi-gas-power-project-private-local-currency-financing-made-possible-through-ida-guarantee http://hdl.handle.net/10986/21762 English en_US Live Wire, 2015/42 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Africa Cameroon |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English en_US |
topic |
AMORTIZATION ASSETS BANKRUPT BENEFICIARIES BORROWER BOTTOM LINE COMMERCIAL BANKS COMMERCIAL FINANCING COMMERCIAL LENDERS COMPETITIVE BIDDING CONCESSION CONTRACTUAL OBLIGATIONS CORPORATE FINANCING CREDITWORTHINESS CURRENCY MISMATCH DEBT DEBT-SERVICE DEFAULTS DEVELOPMENT BANK DEVELOPMENT COMPANY DEVELOPMENT FINANCE DEVELOPMENT FINANCE COMPANY DEVELOPMENT FINANCE INSTITUTIONS DISBURSEMENT DISTRIBUTION OF ELECTRICITY ELECTRICITY SUPPLY ELECTRICITY SYSTEM ENERGY SUPPLY EQUITY RATIO EXPLOITATION FAIR MARKET VALUE FINANCE CORPORATION FINANCIAL STRUCTURE FINANCING NEEDS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FUEL GAS GAS SUPPLY GENERATING CAPACITY GOVERNMENT OBLIGATIONS GUARANTOR HOLDINGS HOUSEHOLDS HYDROPOWER INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INSTRUMENT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT BANK KILOWATT HOUR LIQUIDITY LOAN LOAN AGREEMENT LOAN MATURITY LOCAL BANKS LOCAL CURRENCY LOCAL LENDERS MAXIMUM MATURITIES NATURAL GAS ORIGINAL AMOUNT PARTIAL RISK PAYMENT OBLIGATIONS PEAK DEMAND POWER POWER GENERATION POWER PLANT POWER PROJECT POWER SECTOR PRIVATE EQUITY PRIVATE FINANCING PRIVATE INVESTMENTS PRIVATE LENDERS PRIVATIZATION PROCUREMENT PROMISSORY NOTES PUT OPTION REGULATORY CONSTRAINTS RESERVE RESERVES SALES AGREEMENT SHAREHOLDER THERMAL POWER THERMAL POWER PLANT TRANCHE TRANCHES TRANSMISSION LINE |
spellingShingle |
AMORTIZATION ASSETS BANKRUPT BENEFICIARIES BORROWER BOTTOM LINE COMMERCIAL BANKS COMMERCIAL FINANCING COMMERCIAL LENDERS COMPETITIVE BIDDING CONCESSION CONTRACTUAL OBLIGATIONS CORPORATE FINANCING CREDITWORTHINESS CURRENCY MISMATCH DEBT DEBT-SERVICE DEFAULTS DEVELOPMENT BANK DEVELOPMENT COMPANY DEVELOPMENT FINANCE DEVELOPMENT FINANCE COMPANY DEVELOPMENT FINANCE INSTITUTIONS DISBURSEMENT DISTRIBUTION OF ELECTRICITY ELECTRICITY SUPPLY ELECTRICITY SYSTEM ENERGY SUPPLY EQUITY RATIO EXPLOITATION FAIR MARKET VALUE FINANCE CORPORATION FINANCIAL STRUCTURE FINANCING NEEDS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FUEL GAS GAS SUPPLY GENERATING CAPACITY GOVERNMENT OBLIGATIONS GUARANTOR HOLDINGS HOUSEHOLDS HYDROPOWER INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INSTRUMENT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT BANK KILOWATT HOUR LIQUIDITY LOAN LOAN AGREEMENT LOAN MATURITY LOCAL BANKS LOCAL CURRENCY LOCAL LENDERS MAXIMUM MATURITIES NATURAL GAS ORIGINAL AMOUNT PARTIAL RISK PAYMENT OBLIGATIONS PEAK DEMAND POWER POWER GENERATION POWER PLANT POWER PROJECT POWER SECTOR PRIVATE EQUITY PRIVATE FINANCING PRIVATE INVESTMENTS PRIVATE LENDERS PRIVATIZATION PROCUREMENT PROMISSORY NOTES PUT OPTION REGULATORY CONSTRAINTS RESERVE RESERVES SALES AGREEMENT SHAREHOLDER THERMAL POWER THERMAL POWER PLANT TRANCHE TRANCHES TRANSMISSION LINE Alvarez, Clara Kacaniku, Teuta The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee |
geographic_facet |
Africa Cameroon |
relation |
Live Wire, 2015/42 |
description |
In the late 1990s the government of
Cameroon initiated a reform to improve efficiency and
increase private sector participation in the country s power
sector. The reform included new legislation, a new
regulator, and privatization of SONEL, the state-owned
integrated power utility, which was transferred to private
management under a 20-year concession in 2001. The
concessionaire, Energy of Cameroon (ENEO), was granted
exclusivity over transmission and distribution of
electricity and the right to develop and own up to 1,000 MW
of generating capacity. In the early 2000s the government of
Cameroon decided to pursue the exploitation of offshore gas
reserves for, among other things, incremental power
generation. As a result, in March 2006, Perenco Cameroon, a
subsidiary of French Perenco, signed a 25-year
production-sharing agreement with Societe Nationale des
Hydrocarbures (SNH), the state-owned gas supplier, to
exploit the Sanaga South gas field. That agreement was the
basis for the later development of the Kribi Gas Power Project. |
format |
Brief |
author |
Alvarez, Clara Kacaniku, Teuta |
author_facet |
Alvarez, Clara Kacaniku, Teuta |
author_sort |
Alvarez, Clara |
title |
The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee |
title_short |
The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee |
title_full |
The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee |
title_fullStr |
The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee |
title_full_unstemmed |
The Kribi Gas Power Project : Private, Local-Currency Financing Made Possible through an IDA Guarantee |
title_sort |
kribi gas power project : private, local-currency financing made possible through an ida guarantee |
publisher |
World Bank, Washington, DC |
publishDate |
2015 |
url |
http://documents.worldbank.org/curated/en/2015/01/24381411/kribi-gas-power-project-private-local-currency-financing-made-possible-through-ida-guarantee http://hdl.handle.net/10986/21762 |
_version_ |
1764449332604436480 |