Rural electrification project in Gabon receives 46 million USD in financing
7 December 2010
The Government of Gabon has signed an agreement with the Spanish group Isolux Corsan for the sum of 46 million dollars.
It relates to the financing of works on constructing an electric power line 200 kilometers long, which will pass through 30 villages along the main road Kango-Bifoun-Lambaréné.
The project, for which the works will be spread over 30 months, is being financed by the Spanish subsidiary of the bank Société Générale.
The objective, reports the AGP press agency, is to increase the number of rural populations with access to electricity, in order to contribute to the government's aim of reaching a 100 percent electricity coverage rate for the whole of Gabon by 2020.
It is also with this objective in mind that a hydroelectric dam is to be constructed in the province of Haut-Ogooué, in the south-east of Gabon.
Erected on the river Ogooué, the Grand Poubara dam will enter service in three years and produce up to 280 MW. The financing of the works amounts to almost 405 million dollars.