Construction of Nachtigal HEP Dam: Financier Gives Assurances

The Director General of EDF Cameroun has held an audience with the Minister of Finance during which they discussed finalising financing modalities.

Plans are afoot for the commencement of the construction of the 420 MW Nachtigal hydroelectricity dam on the River Sanaga. Karine Migliorini, Director General of Électricité de France (EDF) Cameroun; one of the three financiers of the project, has held talks with the Minister of Finance, Louis Paul Motaze on concretising financing modalities and making available the funds so that constructions works could begin soonest. The in-camera audience took place in Yaounde, Friday May 18, 2018.

Karine Migliorini’s concertation with the Minister of Finance follows that of Marianne Laigneau, Executive Director of the EDF Group. During her visit which took place one month earlier, she discussed with the Minister of Finance on issues concerning the financing of the project, the 35-year concession accorded the Nachtigal Hydro Power Company (NHPC) and the sale of the electricity which will be produced in the facility.

The Director General of EDF Cameroun told reporters aft...

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