Tuesday, December 1, 2015

Zambia launches construction of China-funded hydro-power station

English.news.cn | 2015-12-02

CHIKANKATA, Zambia, Dec. 1 (Xinhua) -- A Chinese company will build a 750 megawatts hydro-power station in Zambia, which will be the third largest power plant in the country when completed.  A launch ceremony was held last Saturday following the signing of a memorandum of understanding by the two countries last month.  The Kafue Gorge Lower Hydro-power project, to be situated in southern Zambia's Chikankata district, about 90 kilometers from the capiyal Lusaka, is the largest investment in the country's energy infrastructure in 40 years.  Eighty-five percent of the two billion U.S. dollar project will be funded by Chinese financial institutions while the other 15 percent by the Zambian government.  The work will be carried out by China's Sino Hydro Corporation Limited.  "This project also assures us of sustainable energy security as a nation because it will add a significant amount of power to the grid," Zambian President Edgar Lungu said during the ceremony.

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