Nachtigal hydropower plant

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The project entails the construction of a 420 MW Nachtigal hydropower project in Cameroon. Location of the power plant is the central course of the Sanaga river, 65 km northeast of Yaoundé. Sponsors of the project are EDF International (40 %), IFC (30 %) and Republic of Cameroon (30%). The owners covers 25 % of the total cost while the rest is covered by a senior debt provided by 11 development banks and 4 commercial (African Development Bank, Africa Finance Corporation, Agence Francaise de Developpement, Attijariwafa SCB Cameroon, BICEC, CDC Group, DEG, PIDG company - the Emerging Africa Infrastructure, European Investment Bank, FMO, International Finance Corporation, OFID, Proparco, Société Générale Cameroun, Standard Chartered Bank Cameroon). The total cost of the project is estimated at $ 1.36942 billion or 1.2 billion Euro. The facility consists of seven 60 MW turbies. The SPV (Nachtigal Hydro Power (NHPC) signed a 35 years BOT contract with the government. Financial close took place on November 8, 2018. https://www.edf.fr/en/the-edf-group/dedicated-sections/journalists/all-press-releases/edf-ifc-and-the-republic-of-cameroon-sign-final-and-binding-agreements-for-the-construction-of-the-nachtigal-hydroelectric-dam-in-cameroon https://www.afd.fr/en/cameroon-afd-group-signs-financing-agreement-construction-nachtigal-hydropower-plant http://www.ippjournal.com/news/ipptoday-301-eib-approves-financing-for-420-mw-hydropower-project-in-cameroon https://www.edf.fr/en/the-edf-group/dedicated-sections/journalists/all-press-releases/edf-ifc-and-the-republic-of-cameroon-sign-final-and-binding-agreements-for-the-construction-of-the-nachtigal-hydroelectric-dam-in-cameroon https://www.waterpowermagazine.com/news/newsfinal-agreements-signed-to-build-nachtigal-project-cameroon-6851441 https://www.africafc.org/News-Events/News-Press-Releases/AFC-Invests-In-Cameroon%E2%80%99s-Landmark-420mw-Hydro-Ele.aspx https://www.cdcgroup.com/en/news-insight/news/cdc-backs-transformational-nachtigal-power-generation-project-in-cameroon-with-e90-million-investment/ http://www.ofid.org/NewsEvents/ArticleId/3511/OFID-helps-Cameroon-boost-energy-potential