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.