📋 Tender Overview
Scope : To Develop 75 megawatt Bini a Warak Hydroelectric Project in Cameroon
Savannah Energy PLC's subsidiary had signed a memorandum of agreement with the government of the Republic of Cameroon for the development of a new hydroelectric project in the country's northern region.
The MOA had been signed by its wholly owned subsidiary Savannah Energy RCM Ltd.
The 75 megawatt Bini a Warak Hydroelectric Project will be located in Cameroon's Adamwa Region. The Bini Project is expected to provide clean, stable and affordable power" to the area. It is also expected to support existing local electricity demand and enable a number of energy-intensive industrial projects, principally in the cement and metallurgy industries. The company disclosed in its 2023 half-year results that the drone-based topographic survey has been completed and hydrological measurements have restarted, with the aim of resuming construction of the project next year. “Project sanction is currently anticipated in 2024, with first power targeted in the 2027 to 2028 window
Savannah Energy further anticipates that the Bini Project will increase northern Cameroon's on-grid electricity generation capacity by over 50%, with the potential for power to be dispatched into Cameroon's southern electricity grid. The government aims to connect the northern and southern networks by 2026. The scheme involves the construction of a dam on the Bini River in the northern Adamawa region, together with an 82-square-kilometre reservoir, tunnels, powerhouses, substations and a 225kV transmission line connecting to Cameroon’s northern electricity grid
The Bini Project involves the construction of a dam on the Bini River, together with an 82 kilometre squared reservoir and associated tunnels, powerhouses, substations and a 225 Kilovolt transmission line connecting the Project to the northern grid. Project sanction is expected in 2024 and first power is predicted to be targeted between 2027 and 2028.
Savannah Energy intended to fund the Bini Project with its own internally generated cash flows and project-specific debt.
The Bini Project will address the current electricity shortages caused by the hydrology deficit of the Ladgo Dam and reduce the consequent reliance on expensive thermal generated power in the region. The government will provide all the support needed to enable Savannah to deliver first power from this exciting project in the 2027 to 2028 window.
