In West Africa, Guinea is seeking to develop a 550MW hydropower dam, which would almost double the country’s energy generation output. The total cost of the Souapiti Hydropower Dam is estimated to cost $2 billion (ZAR27,377,104,396).
According to energy ministry official, Lansana Fofana, the country is looking to partner with China International Water & Electric Corp (CWE) to build the hydropower plant, which will provide additional capacity for the expansion of bauxite (aluminium) processing, Bloomberg reported.
Powering people through hydropower
In July, CWE developed the 240MW Kaleta Dam about 120km north of the capital, Conakry.
Fofana said that the Kaleta Dam project was established to power the mining industry.
“We want to build refineries for our bauxite. We will even be able to position ourselves as an energy exporter.”
Bloomberg reported that Guinea has the largest bauxite reserves globally, which is refined into alumina and then smelted into aluminium—contributing $6.6 billion to the economy.
According to Fofana’s deputy, Jiahua Liu, who is also CWE’s most senior official at Kaleta, said in the interview that they are interested in getting involved in the Souapiti project.
Project attracts further investment from China
The Export-Import Bank of China, which has also expressed interest in the hydropower project, together with CWE, are in discussions with the energy ministry, Fofana added.
He stressed: “We’re looking for other investors. We’re open to the world.”