Port of Kribi – Integrated Renewable Energy Generation Complex

The Kribi industrial zone is experiencing a surge in demand for electrical energy outstripping supply which is around 14 MVA. The deficit is expected to reach around 30 MVA in 2024 if no action is taken and the projected mid-term demand revolves around 100 MVA.

To make the Kribi industrial zone more attractive and strengthen the supply of energy, the Port Authority of Kribi wants to design an Integrated Renewable Energy Generation Complex that will speed up its green energy transition program by providing clean and affordable energy to industries and green Onshore Power Supply (OPS) to ships.

In the aforementioned complex, electrical energy will be generated from biomass and solar energy in partnership with the respective stakeholders. The biomass would be obtained from three sources; oil palm residues obtained from oil palm mills in the neighborhood of Kribi (in partnership with oil palm mill owners), wood logs extracted during the development of the green Kribi industrial zone (much of which is occupied by forest), and waste food organic matter collected from hotels, restaurants, and homes in Kribi (in partnership with the local company responsible for waste management).

This project will strengthen the supply of clean and affordable energy (SDG 7) and attract more companies in the industrial zone (SDG 9), with the latter to use local workforce as a source of labor (SDG 1,2,3 and 8). Being entirely based on renewable energy, the project contributes positively to greenhouse gas emissions that would have been emitted if conventional fuels were to be used.

The dedicated Public and Private Investment Financing Initiative of the port of Kribi (IFI2P), that was specifically designed for project finance will assist in getting the necessary financial partners for the execution of the project.