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Sunday, 26 September 2010

Investment Watch (Energy)

The government is apparently in discussions with Exim Bank of China to fund construction of the Lunzua Power Station in Mpulungu at $37m.  Exim has agreed to fund 85 percent of the works and 15 percent will be funded by government, although Exim has been "slow to fulfil its commitment". The timing of the "announcement" of course coincides with the politics of the by-election, so it should be treated with caution. This could be another mirage.

1 comment:

  1. If this happens,it would be a great boost for tourism in the Northern Circuit - which includes Kasaba Bay. Hopefully this is not only an election ploy. Since RB has made a reputation to complete projects, I am confident the project will materialize. Besides, China is crucially interested in that area.


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