Untitled Document

China's Exim Bank approves loan for Ivory Coast hydroelectric construction

Construction of a new 275-MW hydropower project in Ivory Coast could begin by the end of 2012 after China's Export-Import Bank approved a US$556 million loan this week.

The hydroelectric facility, to be located in Soubre, is part of the Ivory Coast's plan to increase its power capacity by 150 MW per year through the next decade.

An official with the country's Ministry of Mines and Energy told wire services that Ivory Coast and Exim Bank have agreed to a 2% interest rate and a nine-year grace period for the 20-year loan.

Ivory Coast says the loan documents should be signed by mid-November. Construction is expected to take five years.

Related Articles

Alaska spending thaw to resume FERC licensing studies for 600-MW Susitna-Watana hydro project

Within days of a state filing advising the Federal Energy Regulatory Commission that the cas...

Brazil seeks regional development plan for hydropower project sites

Brazil's mines and energy ministry invites expressions of interest from consultants to help ...

Lesotho seeks design, supervision of Polihali Dam, studies of 1,200-MW Kobong Pumped-Storage, conventional hydro

The Lesotho Highlands Development Authority (LHDA) seeks design and supervision of Polihali ...

HydroVision International 2015 sets new attendance record

This year's HydroVision International, currently under way in Portland, Ore., has bested its...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

06/01/2015
Volume 34, Issue 5
05/01/2015
Volume 23, Issue 3

Buyers Guide Products

Buyers Guide Companies