(SeeNews) - Aug 15, 2011 - China International Water and Electric Corp (CWE), a subsidiary of Three Gorges Corp, and the government of Guinea will jointly develop a 240.5-MW hydropower project in the African country.
The project calls for an investment of USD-526-million (EUR 367.5m), with 25% of the amount to come from Guinea. The balance of 75% will be provided by the Chinese partner, Guinea's Energy Minister Papa Koly Kourouma announced.
Construction of the facility, to commence by the end of 2011, will take about four years.
(USD 1 = EUR 0.699)