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"The $377-million Imboulou plant, 150 km (90 miles) north of the capital Brazzaville is 85 percent-funded with soft loans by China and was built by Chi..."
The oil-producing central African state of Congo Republic inaugurated a 120-MW Chinese-funded hydroelectric power station late on Saturday aimed at bridging the gap in its energy needs.
The $377-million Imboulou plant, 150 km (90 miles) north of the capital Brazzaville is 85 percent-funded with soft loans by China and was built by China National Machinery & Equipment Import & Export Corporation. Terms of the financing have not been released.
Energy Minister Bruno Jean Richard Itoua said the plant, which is due to produce 876-million kilowatt-hours a year, would allow Congo Republic to wean itself off energy imports from its larger neighbour, the Democratic Republic of Congo.
Congo Republic consumed around 470-million kilowatt-hour of energy in 2007, compared with domestic production capacity of 400-million kilowatt-hour, according to the CIA World Factbook.
The $377-million Imboulou plant, 150 km (90 miles) north of the capital Brazzaville is 85 percent-funded with soft loans by China and was built by China National Machinery & Equipment Import & Export Corporation. Terms of the financing have not been released.
Energy Minister Bruno Jean Richard Itoua said the plant, which is due to produce 876-million kilowatt-hours a year, would allow Congo Republic to wean itself off energy imports from its larger neighbour, the Democratic Republic of Congo.
Congo Republic consumed around 470-million kilowatt-hour of energy in 2007, compared with domestic production capacity of 400-million kilowatt-hour, according to the CIA World Factbook.
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