Joule Africa To Build $1B Cameroon Hydro Plant

Law360, New York (March 09, 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...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required