Business-Finance

Cameroon, ENEO tussle over unpaid bills

The government of Cameroon and the Energy of Cameroon SA, known by the acronym ENEO, have been rambling over claimed unpaid bills to ENEO.

The government is said to believe that the amount they owe the company is less than what is claimed.

The electricity company insists that the state of Cameroon has an unsettled bill worth 186Billion CFA. This amount is said to include the debt of the state itself and all public entities.

According to Business in Cameroon, a source stated that the Cameroon government met in a meeting on April 2023 and disagreed with two points: the tariff compensation (a subsidy to the consumer borne by the state, representing the difference between what the consumer should pay and what they actually pay) and public lighting. According to the source, on these two points, Eneo requests 72 billion CFA and 57 billion CFA respectively for the 2020-23 period.

Business in Cameroon reported that the Cameroon government said; referring to the MoU on the partial settlement of the State’s debt to ENEO, the tariff compensations for 2020, 2021 and 2022 have been fully settled. The payment of the tariff compensation for 2023 is already discussed between Eneo, Electricity Development Corporation (EDC) and the Electricity Sector Regulation Agency (Arsel). The bills for public lighting have still not been validated by Arsel and therefore cannot constitute a debt, the government said.

Public opinion has condemned the company over unsatisfied services rendered to clients over the past years.

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