The company "Energy Of Cameroon" (ENEO Cameroon S.A.) has been officially transformed into the Société Camerounaise d’Electricité, abbreviated as SOCADEL. This transition was formalized by a presidential decree, which also appointed the leadership for this new public entity.

A shift to public ownership

The era of ENEO ends as SOCADEL takes its place. By a decree signed on May 4th, the President of the Republic announced the replacement of ENEO by SOCADEL. The new entity is a public company, with the State of Cameroon as the sole shareholder at its inception, holding 95% of the capital, while 5% is reserved for employees. However, the decree specifies that shareholding remains open to other public or private entities in the future. Headquartered in Douala, SOCADEL enjoys legal personality and financial autonomy.

Missions and service continuity

SOCADEL inherits an extensive scope of action, both within Cameroon and abroad:

• Core activities: production, distribution, import, export, and sale of electrical energy.
• Asset transfer: all real estate, movable assets, and technical facilities formerly belonging to ENEO remain within SOCADEL’s portfolio.
• Concession agreement: SOCADEL takes over the concession agreement established by the State for ENEO, ensuring the continuity of contractual commitments.

Governance and oversight

To ensure transparency and performance, the new entity operates under dual supervision:

• Technical oversight: provided by the Ministry in charge of electricity, ensuring compliance with sector policies.
• Financial oversight: provided by the Ministry in charge of finance, guaranteeing the sustainability of financial commitments and the coherence of performance plans.

Specific procurement regime

A notable innovation in the company’s organization is that SOCADEL is not subject to the public procurement code. It remains, however, subject to the common provisions applicable to public enterprise contracts, with an internal procurement commission whose modalities will be set by its Board of Directors.

The creation of SOCADEL reflects the State's determination to regain control over a strategic sector for the country's industrial and social development. This change in name and legal status opens a new era for energy access in Cameroon.