(Business in Cameroon) - Besix Group, a Belgian company operating in the construction sector, announces that it has won the contract for the designing and construction, in the Central region in Cameroon, of the 420-MW Nachtigal hydroelectrical plant.
This infrastructure will help boost the country’s electricity generation capacity by 30%, according to World Bank which is one of the partners in that project through the International Finance Corporation (IFC), its subsidiary specialized in the private sector’s financing.
According to the Belgian developer, the works which will be realised in partnership with the French company NGE ( (Nouvelles générations d'entrepreneurs, leading grading services provider in France) and the Morrocan SGTM, will start off before the end of this year and should last 57 months.
Backed by Nachtigal Hydro Power Company (NHPC), a Cameroonian company owned at 40% by EDF International, 30% by the government and 30% by the IFC, Nachtigal hydroelectrical plant will cost about CFA656 billion.
“The Nachtigal Project is one of the very few public-private partnership (PPP) hydropower projects in Sub-Saharan Africa that will accelerate Cameroon’s realization of its development goals, including poverty reduction”, Elisabeth Huybens, World Bank country director for Cameroon, said in a statement published on July 19, 2018.
In that statement, the Bretton Woods institution announced that it provided $794.5 million (about CFA447.17 billion) for the realization of that project.
Brice R. Mbodiam