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SPECIAL FEATURE


Boulanouar MA URIT ANIA Nouakchott MALI Dakar SENEGA L Bamako Niamey NIGER


Nachtigal Hydro Power Company (NHPC) in Cameroon


Nachtigal Yaounde


OPEC FUND FINANCING: €50 MILLION (PRIVATE SECTOR) TOTAL PROJECT COST: €1.2 BILLION APPROVED: MARCH 2018 CO-FINANCIERS: AFC, AFD, AfDB, BICEC, CDC, DEG, EAIF, EIB, FMO, IFC, PROPARCO, SCB CAMEROUN, SOCIETE GENERALE CAMEROUN, STANDARD CHARTERED BANK CAMEROON S.A.


In January 2019, the OPEC Fund signed a term loan of up to €50 million with Nachtigal Hydropower Company (NHPC) for the development, construction and operation of a 420 MW hydropower plant in Cameroon. Deemed high priority by the government of Cameroon, the plant, once in operation, will be the country’s largest generator of electricity, meeting about one-third of the nation’s electricity needs. The project is at the heart of Cameroon’s Electricity Sector Development Plan.


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PHOTO: NHPC


Anton Shahrai/Shutterstock.com


SOURCE: NHPC


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