{"id":461514,"date":"2018-07-25T13:38:16","date_gmt":"2018-07-25T12:38:16","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461514"},"modified":"2018-07-25T13:38:16","modified_gmt":"2018-07-25T12:38:16","slug":"world-bank-approves-hydropower-funds-in-cameroon","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/25\/world-bank-approves-hydropower-funds-in-cameroon\/","title":{"rendered":"World Bank Approves Hydropower Funds In Cameroon"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The World Bank will finance a $ 794.5 million hydropower project in Cameroon to facilitate access to electricity for 88% of its population by 2022.<\/p>\n<p>Located in the village of Nachtigal in central Cameroon, the project will enable the country to increase the capacity of electricity production by 30%. &#8220;This investment in clean energy is essential to reduce the cost of electricity and ensure the competitiveness of the Cameroonian economy,&#8221; said Elisabeth Huybens, Director of the World Bank in Cameroon.<\/p>\n<p>Called Nachtigal, this project is &#8220;one of the very few hydro-electric public-private partnership projects in sub-Saharan Africa that will accelerate the achievement of Cameroon&#8217;s development goals, including poverty reduction,&#8221; she said.<\/p>\n<p>It should be noted that $ 300 million from the International Bank for Reconstruction and Development (IBRD), $ 262.5 million from the Multilateral Investment Guarantee Agency (MIGA) guarantees, $ 70 million from equity and $ 152 million in Corporate Loans (IFC) was pooled into a set of sustainable private sector solutions for the infrastructure sector.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The World Bank will finance a $ 794.5 million hydropower project in Cameroon to facilitate access to electricity for 88% of its population by 2022. Located in the village of Nachtigal in central Cameroon, the project will enable the country to increase the capacity of electricity production by 30%. &#8220;This investment in clean energy is<\/p>\n","protected":false},"author":527297,"featured_media":461518,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,12028,12008],"tags":[12599,15203,12510],"class_list":["post-461514","post","type-post","status-publish","format-aside","has-post-thumbnail","category-banks-insurance","category-energy","category-stock-exchanges","tag-cameroon-en","tag-hydropower","tag-world-bank-en","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>World Bank Approves Hydropower Funds In Cameroon - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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