Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to bank provided information, the Nachtigal-amont project is a greenfield 420 MW run-of-river hydropower project located on the Sanaga river near Yaoundé, Cameroon (the "Project”, "Nachtigal") and developed as an Independent Power Producer ("IPP").
As of April 2017, the plant is estimated to achieve full commercial operations by 2022. This would make it the first IPP to be built on the Sanaga river benefiting from the upstream Lom Pangar regulating dam. The Project benefits from the full support of the Republic of Cameroon who just signed and granted the 35-year concession to the project company.
The project is located in the Sanaga River, 65 km north east from Yaoundé (Cameroon). The project is being developed by Nachtigal Hydro Power Company (“NHPC”) whose shareholders are EDFI (40%), the Republic of Cameroon (30%) and IFC (30%). Construction of the project is estimated to cost around 1.05 billion EUR. In addition to IFC’s equity as project developer, the proposed investment is up to 130 million EUR A loan. IFC will also act as Global Coordinator for up to 650 million EUR of parallel loans in Euros or in local currency. The World Bank (WB) is engaged in the power sector in Cameroon providing advice on the Electricity Sector Development Plan covering the period 2015-2035 (“PDSE 2035”) and developing a Technical Assistance project for hydropower development on the Sanaga River that should also support Nachtigal and the overall sector framework. WB will provide a Partial Risk Guarantee (PRG) to this project.
Construction is organized in four separate engineering, procurement and construction (EPC) contractor tenders: (i) civil works (LOT GC), (ii) installation of electro-mechanical equipment (LOT EM1), (iii) construction of high and medium voltage transmission lines (LOT EM2), and (iv) construction of NHPC base camp (LOT CE). Construction is expected to start in early 2018 and commissioning of the last turbine is expected in 2022. The project’s main components include:
The total project cost is estimated at EUR [1.1] billion financed with c. EUR [0.8] billion in debt and c. EUR [0.3] billion in equity.
The debt tranche is to be funded with a combination of senior loans from Development Finance Institutions ("DFI") and local commercial banks supported by a World Bank Partial Risk Guarantee.
IFC is planning to provide a senior loan (A Loan for IFC’s own account) of up to EUR 130 million and to mobilize the rest of the debt package under its Global Coordinator role.
The Project is developed by Nachtigal Hydro Power Company ("NHPC") incorporated in Cameroon. Its shareholders are the Republic of Cameroon, EDF International ("EDFI") and International Finance Corporation ("IFC"), with respective shareholdings of 30%, 40% and 30% in NHPC. IFC developed the Project under its global infrastructure project development fund IFC InfraVentures.
EDF International is a 100%-owned subsidiary of Electricité de France ("EDF") and is the holding company of EDF's investments abroad with more than twenty subsidiaries globally. EDF is a French electric utility involved in all segments of the energy value chain: generation, transmission, distribution, energy supply and trading. The group operates a diverse portfolio of more than 130 GW of net generation capacity in Europe, South America, North America and Asia serving 37.6 million customers in 2015. EDF is publicly listed on the Euronext Paris stock exchange.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | EDF SA | Investor | - |
- | - | - | - | International Finance Corporation (IFC) | Investor | - |
- | - | - | - | Nachtigal Hydro Power Company | Client | - |
Contact Person: Florence Ardorino
Company Name: NHPC
Address: BP 35543, Yaounde, Cameroon
Email: florence.ardorino@nachtigal-hpc.com
Phone: +237 690 800 780
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/