DRC: Signature of financing agreements for hydroelectric power station at Katende
18 July 2011
On Monday July 11, financing agreements were signed concerning the project to construct a hydroelectric power station at Katende, in the province of Western Kasaï, in the DRC.
The financing, totaling 260 million dollars, comes from a partnership between the government of the Democratic Republic of the Congo (118 million USD) and a number of Indian partners, represented by Exim Bank, reports the newspaper 'KongoTimes!'.
The hydroelectric power station at Katende will have a capacity of 64 MW. About 20 MW will be allocated for domestic consumption and the rest will be assigned to the needs of industry.
The project also includes the construction of two lines to transport the electricity generated, including one of 130 km, which will connect Kananga to Mbuji-Mayi and which will contribute to the reinforcement and the relaunch of the rail network.
Feasibility studies are currently under way and works are planned to start in October 2011. Construction will take four years.