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NACHTIGAL HYDROELECTRIC PROJECT  
BICEC helps finance the construction of the hydroelectric dam NACHTIGAL  
NACHTIGAL HYDROELECTRIC PROJECT

On November 8, 2018 at Paris, BICEC finalized more than 5 years of work related to the financing of the construction of the hydroelectric dam NACHTIGAL, alongside several banks among which SG Cameroon and Paris, Standard Bank Cameroon and London, SCB Cameroon, Attijariwafa, IFC and several other DFI's. The Bank was represented by its Deputy General Manager Mrs. Isabelle KONDO, the Director of Corporate Banking, Mr. Patrice GUETHEU, and Mr. Antoine GIULIANI, Chargé d’Affaires at BPCE I.

This was the Financial Close of the operation to finance the construction of the hydroelectric dam NACHTIGAL, project led by the project company NHPC (NACHTIGAL Hydro Power Company), whose shareholding is divided between the State of Cameroon, EDF International and the IFC.

This project of 420 MW of additional electricity power will, in 7 years, structurally change the industrial dynamics of Cameroon. BICEC for its part signs its participation in this major operation with a stake of XAF 19.5 billion. The Ministers of Finance Louis Paul MOTAZE and Water and Energy Mr. Gaston ELOUNDOU took the opportunity to congratulate on behalf of the Head of State the work of the stakeholders and the massive and remarkable participation of local banks.

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Sunday, 20 January 2019.
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