(Ecofin Agency) - Privately-owned Green Energy Norway Cameroun (Grenor SA) has announced that it will be investing $186.66 million into Cameroon's energy sector.

The green energy company said it will use the finances towards the development of gas power plant in the West African country, which is expected to have a generation output of 300MW.

To the country's Monetary and Financial Committee, Cameroon is now generating enough power to meet less than half of its energy needs, Esi-Africa reports.

"Now the deal is signed, we will immediately start sending the thermo plants to Cameroon.” Company official Polycarpe Banlog said adding that the plant is expected to be completed within six months.

Earlier this year, global power service provider Altaaqa Global, successfully installed and commissioned two temporary natural gas power plants having a joint capacity of 50MW in Logbaba and Ndokoti (Bassa) within 21 days.

The country strongly relies on hydropower, which contributes an estimated 60% to the country’s total installed 1,400MW capacity.

However Climate change, poses a huge risk, so the country is being forced to seek alternative power sources.