Jean-Bernard Lévy was present on June 6, 2017 when the letter of intent was signed between the Minister of Water and Energy, the Minister of Finance and the various partners in the upstream Nachtigal hydroelectric project. This signature is the result of the negotiation of 4 contracts, including in particular the purchase of electricity, the connection to the public electricity transmission network and the dispatch of electrical energy.
This signing marks an important step in the implementation of the Nachtigal project foreseen by the Electricity Sector Development Plan. It enables the launch of the detailed review process of the project and the contracts by the future lenders as part of the completion of the financing planned for the end of 2017.
On the same day, Jean-Bernard Lévy also signed a cooperation agreement with the Minister of Water and Energy, which confirms the Group’s desire to take part in the development of Cameroon.