Proparco declares its will to provide funds for the construction of Nachtigal Dam

Electricity

Proparco declares its will to provide funds for the construction of Nachtigal Dam

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- Tuesday, 10 April 2018 17:39

(Business in Cameroon) - At the end of an audience granted by Cameroon’s minister of finance ON April 6, 2018, Proparco announced its will to be a fund or guarantee provider for the construction of Nachtigal Dam.

It is however important to note that the construction of this 400MW infrastructure is steered by EDF, Cameroon and the International Finance Corporation but are yet to mobilize the funds needed (about CFA650 billion). In that regard, World Bank, the head of the International Finance Corporation announced that it was ready to provide a guarantee of $300 million (about CFA160 billion) to reassure potential investors.

B.R.M

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