Gabon, partners to build hydropower plant

Gabon’s Ministry of Energy, United Bank for Africa and Company for the Development of Renewable Energy are partnering to build a hydropower plant in Gabon, news agencies¬†reported.

The estimated budget for the 36-MW hydro plant is $234 million. The project expected to be complete within 30 months, reports indicate.

United Bank for Africa’s director said the project and a sister project at Imperatrice Dam are expected to stimulate Gabon’s economic activity.

In other news, South Africa’s government said it will invest 20 billion rand (US$2.9 billion) into Eskom Holdings Ltd. to help the South Africa utility fund increased power generating capacity, Bloomberg reported.

The loan will fund new power projects, including a pumped-storage hydro plant, wire reports indicate.

For more hydropower news and information, click here

Previous articleContractors sought for weir, structures at Corps’ Canton Lake Dam
Next articleCopel to invest US778 million in Colider hydro project in Brazil

No posts to display