Congo, China Partners Near Deal for $660 Million Power Plant

Updated on
  • Venture is between state-owned Gecamines, Chinese companies
  • 240-megawatt Busanga hydropower plant to start in four years

Sicomines, a joint venture between a group of Chinese companies and Democratic Republic of Congo’s Gecamines SA, is close to agreeing terms for the development of a 240-megawatt, $660 million hydropower plant that will meet the mining project’s electricity requirements within four years.

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