Through the development of the 420MW Nachtigal hydroelectric project, the central African country will increase its installed capacity by 30%.
Nachtigal is projected to come online in 2022, and will subsequently lower the long-term cost of electricity.
The African Development Bank (AfDB) Group stated that the hydroelectric project will provide clean and reliable energy at a competitive price, thereby boosting economic growth and increasing job creation, while bridging the energy gaps in Cameroon and the central Africa sub-region.
The hydropower facility will help reduce the use of fossil fuels, and make positive environmental and socio-economic impacts in the surrounding communities. Read more…
The Bank underlined that the project is in line with its initiative to promote renewable energy, whose share of the electricity generation portfolio increased from 14% during 2007- 2011 to 70% between 2012 and 2017.
About the Nachtigal hydroelectric project
The 420MW run-of-river hydroelectric power plant, jointly designed and developed by the Republic of Cameroon, EDF International-Electricité de France and the International Finance Corporation, is an essential component of the National Development Plan for the electricity sector and a key priority for the country.
It is in line with the country’s Vision 2035, which seeks to transform the country into an emerging industrialised economy, with the capacity to produce sufficient energy to meet its needs.
The AfDB provided advisory services to the government through the African Legal Support Facility, to ensure that the project was well grounded.
This week its board of directors approved funding for this project in a form of a loan worth €150 million ($178 million).
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