Guinea-Bissau will start receiving part of the electricity produced by the Kaleta dam, built by Chinese state-owned company in neighboring Guinea-Conakry, an official from the Energy Ministry, Lansana Fofana said.
“This will give us a real basis for our economy because without electricity there is no development,” Lansana Fofana, who is responsible for the supervision of the new hydroelectric facility stated.
Officials responsible for building the dam, which is now starting to operate and is one of the largest in the region, said one-third of electricity production, would be sent to neighboring countries including Guinea-Bissau.
The Kaleta dam was built by China International Water & Electric Corp. at a cost of €526m and was delivered in July, ahead of schedule, tripling the country’s power production capacity and bringing an end to chronic electricity shortages. With the situation in Bissau currently more stable and the economy benefitting from the good results of cashew production, the country’s main export, there has been renewed interest in the country from Chinese investors.
Last year the Cooperation and Development Fund for China and the Portuguese-speaking countries announced it was examining 50 projects, including some in Guinea-Bissau.
Guinea-Bissau, known officially as the Republic of Guinea-Bissau is a country in West Africa. It covers 36,125 km² (nearly 14,000 sq mi) with an estimated population of 1,704,000 and her economy depends mainly on agriculture; fish, cashew-nuts and ground-nuts are its major exports.