Zambia plans to begin construction of a $1.5 billion hydro project next year, with the project’s completion planned for 2017.
Officials say the government will engage the private sector to help build the 600-MW Kafue Gorge Lower hydroelectric project in a two-stage tender process, Reuters reported.
The Zambian Government, Reuters reported, will put up $250 million, with a comparable sum coming from private equity.
The Kafue Gorge Lower project could meet as much as a quarter of the country’s electricity needs.
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