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The 420MW Nachtigal hydroelectric power project took a significant step forward on 8 November with the signing of financing agreements. Nachtigal is one of the largest non-Chinese projects to be developed as an independent power producer (IPP) or public-private partnership in sub-Saharan Africa by transaction size, as all the Nigerian IPPs were developed by the state. The transaction was nearly 50% bigger than Nigeria’s landmark Azura-Edo scheme.