Guinea, China Sign Deal for Construction of $526 Million Hydroelectric Dam
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Guinea’s government and China International Water & Electric Corp. signed an agreement for the construction of a $526 million hydroelectric dam.
The West African nation will contribute 25 percent of the funding for the project, about 150 kilometers (90 miles) northeast of the capital, Conakry, and China International Water & Electric the rest, according to the agreement.
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The Keleta dam will have capacity of 240.5 megawatts, Energy Minister Papa Koly Kourouma said during a signing ceremony. Construction will begin by December and last 48 months, he said.