Beta Tinz

#BetaPipol The Cameroonian Electricity Company (SOCADEL) unveiled the initial outlines of its recovery plan following its first-ever Board of Directors meeting held on May 28 in Yaoundé.

Chaired by Antoine Ntsimi, the Board adopted a balanced 2026 budget of 630 billion FCFA, with 375 billion allocated to energy purchases and transmission, as well as fuel, while 74.6 billion FCFA will be earmarked for investments.

The company also intends to undertake a comprehensive reform of its governance, restructure its debt, strengthen its cash reserves, and secure new financing from donors to sustainably restore its financial health.

Among the priority measures are an increase in the budget allocated to energy supply in the Far North and an emergency plan to address the electricity shortages observed in the East region, particularly in Bertoua.

Beyond the budget announcements, SOCADEL is demonstrating its ambition to restore the confidence of its partners, ensure the continuity of public electricity service, and support the investments necessary for modernizing the sector.

Several interim appointments have also been made to strategic positions to support this transformation phase. While these commitments demonstrate a clear desire for recovery, expectations remain particularly high among users.

Many Cameroonians hope that this substantial budget will finally provide a lasting solution to the issue of access to electricity, as load shedding and service interruptions remain frequent in several parts of the country. Some observers even believe that power cuts have become more severe since SOCADEL took over than they were under ENEO.

#BetaTinz #BetaTinzGist

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