Financial close achieved for Cameroon’s 420MW clean, green Nachtigal hydro power plant

PIDG company Emerging Africa Infrastructure Fund lending €50 million to €1.26 billion project

Financial close of the €1.26 billion Nachtigal hydro power plant to be built in Cameroon was achieved on 24th December 2018. The total debt package of the project is €916 million.

The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), has provided a €50 million loan over 18 years to Nachtigal Hydro Power Company (NHPC).  NHPC will build a run-of-the-river hydro power station at Nachtigal on the Sanaga River in Cameroon.

EAIF Executive Director Emilio Cattaneo says the financial close is confirmation that the groundworks and civil engineering of the project will soon begin.

“Nachtigal is a big project that will help transform the economy of Cameroon,” he said. “It will  improve living conditions for people across the country and deliver many decades of clean, green power. It is a perfect example of the way that PIDG companies use blended  finance from public and private sources to bring sustainable economic, business and social benefits.”

For further information please contact:
EAIF

Martin Roche
+44 771 574 9621
Martinroche55@gmail.com

PIDG

Katharine Rooney
+44 203 848 6761
Katharine.rooney@pidg.org

Investec Asset Management

Vian Sharif
+44 207 597 1834
vian.sharif@investecmail.com

Kotie Basson +27 21 416 1812
kotie.basson@investecmail.com