Tuesday, August 30, 2011

China signs to finance massive hydroelectric dam in Guinea

China signs to finance massive hydroelectric dam in Guinea
Conakry, Guinea --- ESI-AFRICA.COM --- 15 August 2011

The Government of Guinea and the China International Water & Electric
Corporation have signed an agreement for the construction of a US$526
million hydroelectric dam in the West African country.

Guinea will contribute 25% of the funding for the project, which will be
situated about 150km northeast of the capital, and China International
Water & Electric the rest, according to the agreement signed here.

The new Kaleta dam will have a capacity of 240.5MW, Guinea's energy
minister Papa Koly Kourouma said during the signing ceremony.
Construction would begin by December and last 48 months, he added.

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