Publish on 07/07/2016
Nachtigal Hydro Power Company (NHPC), a Cameroonian Société Anonyme (public limited company) based in Yaoundé, was created on 7th July 2016. EDF International holds 40% of its capital, the State of Cameroon holds 30% and the International Finance Corporation (SFI-IFC) holds 30%.
The creation of this project company by the members of the Nachtigal Amont consortium follows a joint development agreement signed in November 2013, and came the day before key deadlines for the project.
In the coming months, NHPC will work on finalising the project's development activities and raising the funds necessary for its completion, in particular from international development financing institutions and local commercial banks.
Following these steps, the joint company NHPC will be responsible for constructing the hydroelectric facilities at the Nachtigal-Amont site on the Sanaga River in Cameroon, building high-voltage energy evacuation lines, and then operating the dam for 35 years.
This facility, with 420 megawatts of installed power, is considered a priority by the State of Cameroon, as it will provide the country with an additional stable, significant source of electricity production by 2020. Once in commission, the Nachtigal hydroelectric plant will be the country's largest generator, and will meet roughly one third of its electricity needs.
The project is part of a broad plan to harness the potential of hydroelectric power in the Sanaga River Basin, and will benefit the local economy in many ways.
NHPC is also taking great care to make sure the dam blends well into its environment. In this regard, studies conducted from the beginning of the project show that the future facilities will have limited social and environmental impacts, which the partners will work to mitigate.
The Nachtigal project also includes an "energy access" component, which will provide local communities around the facilities with better access to electricity.