Investing in Cameroon – Besix Groupthe Belgian construction company, announces that it has won the contract for the design and construction of the Nachtigal hydroelectric power plant in the Central region of Cameroon, with a generating capacity of 420 MW.
This infrastructure will increase the country's production capacity by 30%, according to the World Bankwhich is following the project through the International Finance Corporation (IFC)its subsidiary specialising in private sector financing.
Besix will carry out the work in cooperation with the French company ESN and the Moroccan VTS (General Labour Society Morocco).
The Nachtigal Hydro Power Company (NHPC), the capital of which will be divided between Cameroonian companies for 40% by EDF International, 30% by the State of Cameroon, and 30% by the International Finance Corporation, Nachtigal Hydro Power will cost about 656 billion CFA francs.
"The Nachtigal project, one of the very rare public-private partnerships (PPPs) that have emerged in the hydropower sector in sub-Saharan Africa, will accelerate the achievement of Cameroon's development goals, including poverty reduction."
Elisabeth Huybens, World Bank Director of Operations for Cameroon, said.
This investment in clean energy, according to Elisabeth Huybens, the World Bank's director of operations for Cameroon, is essential to reduce the cost of electricity and ensure the competitiveness of Cameroon's economy.
In a note published on 19 July, the financial institution, the financier of the hydroelectric project, explains:
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