NACHTIGAL HYDRO POWER COMPANY S.A. (FMO-52726)

Countries
  • Cameroon
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 8, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Nachtigal Hydro Power Company (NHPC)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 34.56 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 30.00 MLN
Converted using 2019-01-11 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Feb 26, 2019


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Project Description

Nachtigal Hydro Power Company (NHPC), a company registered under the laws of Cameroon. The company is owned by EDF International (40%), Government of Cameroon (30%) and IFC (30%), who together develop and fund the project.

FMO funding will be used to develop, construct and operate a 420MW hydropower plant in Cameroon. The project will be connected to the Southern interconnected grid and when operational in 2023 it will supply low cost electricity. Electricity will be sold to ENEO under a 35 year power purchase agreement.

 

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism