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Kikot Hydro Power Company (KHPC), a joint venture created by Cameroon in collaboration with its project partner- EDF to pilot the Kikot Dam project (450 to 550 MW) is holding its constituent general meeting.
Kikot Hydro Power Company (KHPC), a joint venture created by Cameroon in collaboration with its project partner- EDF to pilot the Kikot Dam project (450 to 550 MW) is holding its constituent general meeting. The establishment of Kikot Hydro Power Company will be immediately followed by the very first Board of Directors meeting, and this is a significant step forward for the project, especially as financial close is scheduled for 2024, with construction starting in 2025 and operation expected in 2029.
The two project partners are counting on the World Bank to gather the estimated CFA 650 billion needed for the project. The Ministry of the Economy is ready to collaborate with EDF to involve the World Bank Group, particularly the International Finance Corporation (IFC), in securing project financing.
The World Bank is one of Cameroon’s major development partners. The institution is already engaged in the Nachtigal dam project and this infrastructure project, with a production capacity of 420 MW, is set to be operational in 2024, with the first 60 MW available in December 2023, according to schedule.
Read Also:
https://trendsnafrica.com/egypt-to-focus-on-hydro-power/
https://trendsnafrica.com/e500-million-eu-and-eib-funding-mega-hydroelectric-project-in-mozambique/
With a capacity of 420 MW, Nachtigal will be the largest hydroelectric dam in Cameroon. Once it is fully operational in 2024, the dam will supply 30% of the country’s energy needs. A cornerstone of Cameroon’s energy transition, Nachtigal will also generate significant local economic benefits while meeting the highest standards of social and environmental responsibility.
