Electricite de France (EDF) and the World Bank are joining with the government of Cameroon to fund the €$1.2 billion (US$1.3 billion), 420-MW Nachtigal hydropower plant.
EDF will have a 40% stake in the venture and the World Bank’s International Finance Corporation and the government of Cameroon each will have 30%, according to DailyMail.com. This agreement “is the fruition of a framework agreement drawn up last year,” the website says.
This plant is expected to provide up to one third of the country’s electricity needs. It will be located on the Sanaga River 65 km from the capital of Yaounde and Nacthigal Hydro Power Company has a 35-year lease to run the facility. Electricity will be transmitted to the capitol via a 50-km-long transmission line.
Construction is scheduled to begin in October and the plant is to be commissioned in 2021.
According to DailyMail.com, current installed power generation capacity in the country is 1,292 MW and regular power outages occur.
Last year, HydroWorld.com reported on a partnership to develop a pipeline of small hydro projects across Africa, including in Cameroon.