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Globeleq to sell its about XAF83 bln receivables owed by ENEO (Business in Cameroon) - Through its local subsidiaries Kribi Power Development Corporation (KPDC) and Dibamba Power Development Corporation (DPDC), independent power producer Globeleq commissioned BGFIBank Cameroon to arrange the restructuring of the debt it is owed by electric utility ENEO. Estimated at XAF83 billion, this debt represents the unpaid energy bills accumulated by ENEO between 2015 and 2020. In 2020, ENEO promised to pay, within 48 months, its debt towards the power producer that supplies a significant portion of the distributed energy (in 2019, Globeleq supplied 17% of the power distributed by ENEO).   Globeleq is not intent on waiting for that deadline revealed by ENEO’s management. The power producer indicates that such an amount is essential for its operations. According to the figures published by Globeleq, the XAF83 billion debt exceeds by about XAF20 billion both KPDC and DPDC’s cumulat

Eric mansuyLouis paul motazeKribi power development corporationDibamba power development corporationBank cameroonFinance louis paul motazeவங்கி கேமரூன்