Project funding

The cost of the Nachtigal project is about 1.2 billion Euros (800 billion FCFA).

- A robust funding structure

The financing of the Nachtigal project is carried out in “project finance” using : 

  • both equity financing (24%)

115.7 M€

57.8 M€

43.4 M€

43.4 M€


  • provided by the shareholders’ contribution and debt financing (76%) provided by a pool of major Development financing Institutions and local commercial banks.
International banks

150 M€

130 M€

100 M€

90 M€

60 m€

50 M€


50 M€

50 M€

35 M€

30 M€

Local banks

37 M€

31 M€

24 M€

19 M€

- A recognized funding structure

Nachtigal is the most important PPP (Public Private Partnership) underway in Africa in the energy sector and was awarded the Project of the Year 2018 award in the Multilateral Financing category by the institution Project Finance International (PFI ) in London.

The key points that make this funding structure exceptional are:

  • The trust of the biggest development finance institutions;
  • The significant local tranche in CFA Francs with an exceptional duration of up to 21 years;

The guarantees provided by the IBRD (International Bank for Reconstruction and Development).

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