Nachtigal Falls, Cameroon
Africa50-Project Finance
Nachtigal Amont HPP is a 420 MW hydropower plant under construction on the Sanaga River, 65 kilometres from Yaoundé, with a 50-kilometer transmission line to Nyom. It is expected to be completed in about five years at a cost of around €1.2 billion and it will be operated under a 35-year concession.
The project reached financial close in December 2018. The African Development Bank is a lender to the project.
Impact
Productivity
- The plant is expected to increase Cameroon’s generation capacity by more than 25%, improving access to electricity for consumers.
- The lower prices from hydropower are expected to improve the long-term financial sustainability of the sector, making electricity more accessible to the poor, and saving consumers about US$100 million over a seven-year period.
Environment
- The plant is expected to help raise the share of renewables in Cameroon’s energy mix to 75% by 2022 and avoid the emission of one million tons of CO2 annually/
Employment
- The project is expected to create up to 1,500 direct jobs during construction (65% locally sourced), and many permanent jobs upon completion
Electricité de France (EDF), International Finance Corporation (IFC), STOA Infra&Energy (Fund), Government of Cameroon (GoC)