Article length: 247 words
Cameroon: Nachtigal project company established
EDF International and its partners have set up the Nachtigal Hydro Power Company (NHPC) to develop the 420MW Nachtigal dam scheme on the Sanaga River.NHPC, a Cameroonian limited company based in Yaoundé, was established on 7 July. It is 40% owned by EDF, 30% by the World Bank’s International Finance Corporation and 30% by the Cameroonian state. Establishment of the project company follows the signing of a joint development agreement in November 2013, and a production concession contract in July 2014.
Credit value: 1