Nachtigal 420MW hydroelectric power plant PPP

20/4/2017
PPP, Project development

XAF 700 billion

$ 1.2 billion

Announced

20/4/2017


Overview:

  • Nachtigal 420MW hydroelectric power plant PPP.
  • A consortium is developing a 420MW hydroelectric power plant and 25kV electricity transmission line in Cameroon in the Sanaga river basin under a public private partnership (PPP) agreement. 
  • When complete the plant will be Cameroon's largest power plant and produce 30% of the electricity the country consumes.   
  • The project sponsors are EDF International (40%), the State of Cameroon (30%), and the International Finance Corporation(30%).
  • The sponsors established company Nachtigal Hydro Power Company (NHPC) to hold their interests in the project. 
  • NHPC signed a concession agreement to development the plant and operate it for 35 years in April 2017.  
  • The project is expected to reach financial close by the end of 2017 and be complete in 2020.

Ben Naylor - Regional editor 

Jurisdictions:

France
Cameroon

Deal types:

PPP
Project development

Practice area:

Project development

Industry sector:

Energy


Firm:

Party: International Finance Corporation (IFC) (Sponsor)

Party: EDF International (Sponsor)

Party: Government of Cameroon (Sponsor)

Party: Nachtigal Hydro Power Company (NHPC) (Project company)