Macau, China, 22 June – The governments of Namibia and Angola plan a joint investment to build a hydroelectric facility on the Cunene river, a river which serves as the border between the two countries, African Business magazine reported in its June edition cited by news agency Angolahub.
Cited by the magazine, the chairman of Nampower, Namibia state electricity company, Paulinus Shilamba said that, “after a number of delays, the project, which includes a hydroelectric plant and an artificial lagoon on the Cunene river, is expected to be ready in 2017.”
Shilamba also said that the US$1.1 billion cost would be borne equally by Namibia and Angola.
The chairman of Nampower said that economic feasibility studies for the Baynes hydroelectric facility, with an installed capacity of 400 megawatts, would likely be concluded by the end of the year, after which a tender would be launched for its construction. (macauhub)