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Monday, 26 March 2012

Energy Watch (Luapula Investment)

A Nigerian investment bank is partnering with Copperbelt Energy Corporation, which distributes power to mines in the financing and development of six new hydroelectric power stations worth over $1 billion. The project would have capacity of around 800 megawatts (MW). Among the projects include the $150 million Kabompo gorge hydro power project in north-western Zambia and five Luapula river projects estimated to cost $1 billion. The feasibility studies are underway with construction 2013/14. 

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