Posts Tagged ‘hydroelectric power’

World Bank approves loan for Cameroon’s Lom Pangar dam


Photo: World Bank

Once again the World Bank has signed on to a high-risk project with questionable poverty-reduction potential.

Of course, reading the press release from the World Bank, you would never guess that this project could be anything less than wonderful:

WASHINGTON, March 27, 2012 – The World Bank’s Board of Executive Directors today approved US$132 million in zero-interest financing for Cameroon’s Lom Pangar Hydropower Project (LPHP), to support the country’s economic development and significantly improve the supply of electricity to homes and businesses across Cameroon.

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