A ceremony commemorating the beginning of work on Cameroon's 30-MW Lom Pangar hydropower project marks the beginning of a new era for the country, according to its president, Paul Biya.
The US$419.2 million project -- located in the Sanaga River Basin -- is being jointly financed by the African Development Bank, World Bank, European Investment Bank, Development Bank of Central African States and European Investment Bank.
"This dam will regulate the flow of the Sanaga and increase the production capacity of existing plants, such as Edea and Song Loulou," Biya says.
The African Development Bank (ADB), which approved a $71.1 million loan for the project in November 2011, says the project will create nearly 3,500 jobs and improve living conditions across Cameroon's eastern region.
It is expected Lom Pangar could increase the hydroelectric potential along the rest of the Sanaga River by more than 5,000 MW.