HomeIndustry SectorsGenerationChina signs to finance massive hydroelectric dam in Guinea

China signs to finance massive hydroelectric dam in Guinea

Hydroelectric power
station in Guinea
“’ now Kaleta will
add to the power
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.