The Project is developed by Nachtigal Hydro Power Company ("NHPC") incorporated in Cameroon. Its shareholders are the Republic of Cameroon, EDF International ("EDFI") and International Finance Corporation ("IFC"), with respective shareholdings of 30%, 40% and 30% in NHPC. IFC developed the Project under its global infrastructure project development fund IFC InfraVentures.

 EDF International is a 100%-owned subsidiary of Electricité de France ("EDF") and is the holding company of EDF's investments abroad with more than twenty subsidiaries globally. EDF is a French electric utility involved in all segments of the energy value chain: generation, transmission, distribution, energy supply and trading. The group operates a diverse portfolio of more than 130 GW of net generation capacity in Europe, South America, North America and Asia serving 37.6 million customers in 2015. EDF is publicly listed on the Euronext Paris stock exchange. 

The total project cost is estimated at EUR [1.1] billion financed with c. EUR [0.8] billion in debt and c. EUR [0.3] billion in equity.

The debt tranche is to be funded with a combination of senior loans from Development Finance Institutions ("DFI") and local commercial banks supported by a World Bank Partial Risk Guarantee.

Nachtigal involves the development of a large scale 420 MW HPP, including a 15 m high and 2,000 m long dam, a reservoir with a surface area of 421 ha, and the partial dewatering of a 3.3 km river stretch. The project will form part of a hydropower cascade which will have cumulative impacts. Nachtigal is located in natural and modified habitats where terrestrial and aquatic biodiversity values exist. The project will directly impact 919 PAPs through agricultural land expropriation and restrictions on use, and approximately 120 fishermen, 80 fish traders and 900 sand miners will be temporarily or permanently economically displaced. During its peak construction period, the project will employ a workforce of nearly 1500 of which approximately one-half will be provided accommodation with the attendant stress that such a population influx will have on the cost of goods and services, public security and social cohesion. Given all these factors and in accordance with the IFC Policy on Environmental and Social Sustainability, Nachtigal has been designated as a Category A project because it may cause significant adverse E&S impacts that may be diverse and irreversible