More than $237 million for the construction of two dams in Gabon
25 May 2010
Gabon has just signed an agreement with Coder, a company engaged in the development of renewable sources of energy, for the construction of two dams.
This involves the “Impératrice” dam, of 42 megawatts, on the river Ngounié in the south of Gabon, and the “FE 2” dam, of 36 megawatts, on the river Okano in the north of the country.
The work will take 30 months, at a cost estimated at 237.6 million Dollars, financed entirely by Coder.
At a press conference announcing the construction of the dams, the Minister of Energy, Régis Immongault, said that as well as providing electricity, the project will also allow for the stimulation of economic activity in the region, and so help the fight against poverty. As well as this, Noureddine Hachiba, President of the Tunisian Soroubat Group, announced his intention of investing in Gabon, in particular in highway infrastructures, as reported on the site Gaboneco.com.
“We have been here (in Gabon) for some days to study the possibilities of investments in your company (...) we are working in co-operation with the banks, such as the African Development Bank.”