Energy Supply: Promises of Nachtigal Hydroelectricity Dam

As 2018 rounds off, national and international observers would at least agree on one thing – That Cameroon was able to unlock an age-old project whose fruits are highly awaited by the population for their socio-economic welfare. As a matter of fact, the Nachtigal Hydroelectricity Dam Project, which has crossed generations in hibernation, finally took off.

The government of Cameroon succeeded in assembling national and international financiers with whom she opened the skies for indispensable cash to flow.

Giving out some of its shares in the project to private owners, like government and the International Finance Corporation did on December 4, 2018; a few weeks after signing the financing agreement in Paris, France, depicted the seriousness with which the Yaounde authorities want to break away from the past.  Telling signs that government wants to maximise every opportunity to transform the running water into usable resource for clean and cost-effective energy supply. For, going by a collective convention reached in Yaounde on that December 4, the distribution of shares at Nachtigal Hydroelectricity Dam Project now stands as follows: EDF, 40 per cent; IFC, 20 per cent; Government of Cameroon, 15 per cent; Africa 50, 15 per cent; and STOA Infra & Energy, 10 per cent. These are the partners overseeing the project’s financing estimated at over FCFA 786 billion.  Clarity that should logically impact the quality and celerity of cons...