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SCDP : CFA 9 Billion Investment in the Energy Future

Dernière mise à jours il y'a 10 mois

Cameroon's state-owned petroleum storage company, SCDP, is set to invest 9 billion FCFA to boost its liquefied petroleum gas (LPG) storage capacity in the country.The project entails the construction of a new 1,000-metric-ton LPG storage sphere in Bonabéri.

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The investments are intended to support growing demand by modernizing infrastructure and boosting storage capacity by more than 20%, the company said in a recent statement. The plans also include automating existing storage spheres (S1 to S5, with S6 still under construction) and building a new 10-inch diameter pipeline to receive GPL. The SCDP has indicated that the project will be funded from the company's 2025 investment budget. The contract, which consists of a single lot, must be completed within 24 months of the contractor's selection. The investment will be spread over three years, with allocations of 4.29 billion in 2025, 2.93 billion in 2026, and 1.47 billion in 2027.This year, SCDP expects LPG consumption to grow by 11% with the commissioning of Sphere 6, which has a capacity of 1,000 metric tons. The company reports that LPG supplies for the domestic market have risen from 35,000 tons in 2000 to 170,000 tons in 2021, with 80% of this volume sourced from international markets. Looking ahead, SCDP plans to increase its domestic gas storage capacity by 2,500 metric tons by 2031, bringing the total storage capacity to 8,470 metric tons to meet projected national demand of 31,000 metric tons

Christelle koambi

christelle
JESSICA CHRISTELLE KOAMBI
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