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Cameroon: AfDB loan for Nachtigal

The African Development Bank (AfDB) said on 29 November that its board of directors had approved a loan of €150m ($177m) to help finance the 420MW Nachtigal hydroelectric project. Nachtigal will come online in 2022, increasing Cameroon’s installed capacity by 30% and helping to lower the cost of electricity.

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African Energy Gulf States Newsletter