Cameroon Nachtigal Hydropower Project (WB-P157734)

Countries
  • Cameroon
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Jul 31, 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
Government Republic of Cameroon
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 Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 12, 2019

Disclosed by Bank Sep 1, 2011


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

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.

Investment Description
  • World Bank (WB)
Contact Information

Contact: Pierre Edimo
Title: Chairman CTR
Tel: +23722223816
Email: pedimo_2007@yahoo.fr

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 ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.