The objective of the Nachtigal Hydro Power Project for Cameroon is to increase the availability of renewable energy power and leverage private finance for the project. The Project Company (under Local Loan Guarantee) will covenant, among other things, that it will: (i) use the proceeds of the disbursements under the IBRD-Guaranteed Loan Facility exclusively for the Project and in accordance with the terms and conditions of the IBRD-Guaranteed Loan Agreement, (ii) complywith applicable laws, including environmental and social laws, and the applicable World Bank environmental and social requirements under the World Bank Performance Standards; (iii) provide annual audited financial statements and other reports, (iv) provide access to the project, (v) not engage (or authorize or permit any affiliate or any other person acting on its behalf to engage in) in any sanctionable practice in connection with the project, (vi) comply with World bank requirements relating to Sanctionable Practices regarding individuals or firms included in the World Bank Group list of firms debarred from World Bank Group-financed contracts, (vii) provide certain notices and other information to IBRD, and (viii) obtain IBRD’s consent prior to agreeing to any change to any material Project related transaction document to which it is a party which would materially affect the rights or obligations of IBRD under the Guarantee Agreement.
Contact: Pierre Edimo
Title: Chairman CTR
ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing email@example.com. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.