(Business in Cameroon) - Various public and private lenders contacted by the different partners on the Natchigal dam construction project, in the Central region of Cameroon, have already made financing commitments worth FCfa 500 billion out of the FCfa 656 billion necessary for undertaking the project. The information was revealed by the Cameroonian Minister of Energy and Water, Basile Atangana Kouna (photo), during a cabinet meeting held on 28 January 2016 in Yaoundé.

Based on these financing commitments, the completion of the project’s feasibility studies and the state of progress of the tendering process leading to the selection of the contractor, we learned, the actual launch of the construction works for the Natchigal dam is scheduled for the 4^th quarter 2016.

Spearheaded by the State of Cameroon, Electricité de France (EDF), the International Finance Corporation (IFC) and Rio Tinto Alcan, the construction project for the Natchigal dam, with a production capacity of 420 MW, is a condition for the expansion of plant of the company Aluminium du Cameroun (Alucam) located in Edéa, which is planning to augment its production from 90,000 to 300,000 tons.

BRM

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