UBA to Build Gabon Hydropower Plant

5 January 2011 (Last Updated January 5th, 2011 18:30)

United Bank for Africa is partnering with Company for the Development of Renewable Energy and Gabon's Ministry of Energy to build a hydropower plant in the country. The estimated budget for the 36MW plant is approximately $234m and is the project expected to be complete within 30 month

United Bank for Africa is partnering with Company for the Development of Renewable Energy and Gabon's Ministry of Energy to build a hydropower plant in the country.

The estimated budget for the 36MW plant is approximately $234m and is the project expected to be complete within 30 months.

United Bank for Africa director Martin Anyanwu said that the project and a sister project at Imperatrice Dam are expected to stimulate Gabon's economic activity.