Two Plants With 304 MW of CapacityThe transaction concerns Globeleq’s 56% stakes in Kribi Power Development Company (KPDC) and Dibamba Power Development Company (DPDC). The episodes underscored the grid’s dependence on the two plants and the financial weaknesses in the model linking independent power producers to the electricity distributor. If the CFA80 billion valuation for Globeleq’s stakes is confirmed, the two acquisitions would total nearly CFA158 billion. It also wants to reduce the cost of electricity purchased from independent power producers. Until the share price, receivables, assumed debt and investment needs are separated, the full cost of bringing the two power producers under state control cannot be determined.