Friday, September 24, 2010

Sinohydro power project in Equatorial Guinea

Equatorial Guinea Diversifying Energy Resources
Republic of Equatorial Guinea
September 24, 2010 1:32pm EDT

Construction of Djibloho Hydroelectric Plant nears completion

MALABO, Equatorial Guinea, Sept. 24 /PRNewswire-USNewswire/ -- As part of
the country's effort to diversify its energy resources and improve
electrification nationwide, Equatorial Guinea (Republica de Guinea
Ecuatorial) has undertaken the construction of the Djibloho Hydroelectric
Plant on the continental region, near the city of Anisok. President Obiang
Nguema Mbasogo visited the plant to witness the positive developments as
the plant reaches completion in November 2011.

President Obiang, accompanied by the Minister of State for Agriculture and
Forestry, Teodoro Nguema Obiang Mangue, and the Minister of Mines and
Energy, Marcelino Owono Edu, toured the hydroelectric plant and received
technical explanations about the various facilities. Sinohydro Corporation
Ltd., a Chinese company, began construction of the plant in March 2008.

The Djibloho Hydroelectric and Distribution Plant will generate over 220
kilowatts to supply electricity to the mainland region. This ambitious
project, whose first phase is expected to be delivered in 2011, is funded
entirely by the Government of Equatorial Guinea and is one of the largest
infrastructure investments thus far.

This visit follows President Obiang's recent trip to the city of Aconibe,
accompanied by the First Lady, Constancia Mangue de Obiang. During his
stay in Aconibe, President Obiang chaired ground breaking ceremonies for a
total of 26 social projects, funded entirely by the government at a cost
of more than XAF$2,200 million francs. The projects include the
construction of a new Aconibe health center, drinking water capture and
storage facility, a new school, local government offices, 24 social
housing projects, and several roads in the center of the city and
surrounding villages.

This effort is part of the Equatorial Guinea's multi-year program to
upgrade and enhance the infrastructure of the country. The government's
Horizon 2020 development plan, put in motion by President Obiang, has made
infrastructure development a central goal to drive the country to become
an emergent and sustainable economy by 2020.

This has been distributed by Qorvis Communications, LLC on behalf of the
Republic of Equatorial Guinea. More information on this relationship is on
file at the United States Department of Justice, Washington, DC.

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