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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.