0
 

Cameroon: Nachtigal reaches financial close


Issue 384 - 17 Jan 2019
The €1.26bn, 420MW Nachtigal hydroelectric project reached financial close on 24 December. Financing agreements were signed on 8 November and the owners spent the remainder of 2018 establishing and capitalising the project company, bringing in two new owners: the development funds Africa50 and Stoa Infra & Energie Ltd. First disbursement of funds is expected on 22 January, with notice to proceed with construction expected soon after. The plant is expected to generate 2.9TWh/yr electricity when it starts operating in 2023.

Want to read more?

Small article

£4

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register