Construction of Hydropower Station in Equatorial Guinea

Power China Group and the government of Equatorial Guinea signed a US$257 million hydropower station construction project contract.
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On March 13, 2007, the representative of Power China Group Co., Ltd. and the Minister of Mining, Industry and Energy of Equatorial Guinea formally signed the general contract of Equatorial Guiburao Hydropower Station. Chinese Ambassador to Equatorial Guinea Li Zhongliang and Economic and Commercial Counselor Chen Sudong attended the signing ceremony.
The hydropower station project was signed in EPC turnkey mode, with a total contract price of US$257 million and a construction period of 42 months. The project is a run-off diversion hydropower station with an installed capacity of 120MW.
The Minister of Mining, Industry and Energy of Equatorial Guinea stated that the hydropower station, as a large-scale project of national interest in Equatorial Guinea, has finally entered a new and important stage after many years of evaluation and research. The construction of this project will make the Equatorial Guinea region no longer suffer from power shortages in decades, and will surely benefit the people of Equatorial Guinea.
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This project is very important to promote the economic development of Equatorial Guinea. As a powerful company in China, China Hydropower Construction Group International Engineering Co., Ltd. is fully capable of constructing the project. At the same time, the successful signing of the project is another example of friendly cooperation between China and Equatorial Guinea.
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