26 May 2023
We are developing the up to 95 MW Bini a Warak hybrid hydroelectric and solar project and own a 41.06%1,2 financial interest in the Cameroon Export Transportation System
Our assets
Bini a Warak
In April 2023, Savannah took over the proposed development of the Bini a Warak hybrid hydroelectric and solar project, following the signing of an Memorandum of Agreement with the Government of the Republic of Cameroon. The Bini a Warak project, located in the northern Adamawa Region of Cameroon, involves the construction of a dam on the Bini River, together with a reservoir and associated waterways, powerhouses, substations and a transmission line connecting the project to Cameroon’s northern electricity grid. The project is expected to generate clean, stable, and affordable power for Cameroon’s northern region, increasing the region’s generation capacity by over 50%. This, in turn, will support existing local electricity demand and enable energy-intensive industrial projects that will drive economic development.
Up to 95 MW
To be located in the northern Adamawa Region of Cameroon.
+50%
Expected to increase current on-grid electricity generation capacity in northern Cameroon by over 50%.
110 kV
A 110 kV transmission line is expected to connect the project to Cameroon’s northern electricity grid.
First power 2028-2029
The project is intended to be developed on an independent power project basis with project
sanction expected in 2026 and first power targeted in the 2028-2029 window
Read more about our Renewable Energy Division
COTCo
Savannah has a 41.06%1,2 indirect equity interest in COTCo, which owns and operates the Cameroon Export Transportation System, comprising the Cameroon export pipeline, the Kome Kribi 1 floating storage and offloading unit (“FSO”) and related infrastructure.
250 Kbopd
COTCo pipeline capacity.
2.2 MMstb
COTCo FSO nameplate storage capacity.
903 km
Length of COTCo oil export pipeline.
1. Savannah's wholly owned subsidiary, Savannah Midstream Investment Limited (“SMIL”), has signed a Share Purchase Agreement with the national oil company of Cameroon, Société Nationale Des Hydrocarbures (“SNH”) for the sale of 10% of the issued share capital in COTCo. Completion of the transfer of the shares from SMIL to SNH will result in SMIL's shareholding in COTCo reducing from 41.06% to 31.06%. Completion shall occur upon satisfaction of certain conditions precedent related to amendments to the Articles of Association of COTCo.
2. During the second half of 2023, in an attempt to take control of and deprive SMIL of its equity ownership, governance and operational rights in COTCo, the Republic of Chad, SHT Overseas Petroleum (Cameroon) Limited (“SHT”), COTCo and certain other shareholders of COTCo have undertaken a number of actions in breach of the Articles of Association of COTCo, the Services Agreement between COTCo and SMIL and Cameroonian law. SMIL has commenced arbitral and other legal proceedings against COTCo, the Republic of Chad, SHT Overseas Petroleum (Cameroon) Limited and the other shareholders of COTCo to seek full compensation for the loss that it has and may suffer as a result of actions in breach of SMIL’s rights under the Articles of Association of COTCo and the Services Agreement.
