Joule Africa To Build $1B Cameroon Hydro Plant

Law360, New York (March 9, 2012, 2:02 PM ET) -- California-based energy project developer Joule Investments inked an agreement Friday with the West African nation of Cameroon to build an estimated $1 billion, 450-megawatt hydroelectric facility to dramatically boost electricity generation capacity in the country.

The Kpep Hydroelectric Project is expected to increase Cameroon's generation capacity by 40 percent, according to a statement Joule Investments' African arm, Joule Africa, issued Friday. The plant, which is slated to be built on the Katsina-Ala River near the northwest regional capital city, Bamenda, is needed to keep up with...
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