Tuesday, The AES Corp. (AES) announced that its majority owned unit, Kribi Power Development Co., has commissioned the 86 MW Dibamba power plant in Cameroon. The Dibamba facility will use heavy fuel oil and will sell power under a 20-year tolling agreement with AES SONEL, Cameroon's integrated utility.
Andrew Vesey, AES Executive Vice President and President for Latin America and Africa said, "The Dibamba project underscores AES' commitment to provide affordable and sustainable power to the Cameroonian people. A strong energy sector is essential to Cameroon's continued economic development and we are pleased with the progress we've made with our local partners to improve power generation and distribution."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.