Banks, mainly DFIs, lend €900m to Cameroon hydro plant

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Banks, mainly DFIs, lend €900m to Cameroon hydro plant

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Cameroon’s Nachtigal Hydro Power Co has raised euro loans, estimated at above €900m, to fund construction of a €1.2bn 420MW hydroelectric plant on the Sanaga river near Yaounde. Most of the debt is coming from development finance institutions, but a few commercial banks are involved.

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