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Uganda ready to build 600 MW Karuma Power Plant on the Nile, China will Fund the mega hydro-power project

Tigrai Online April 15, 2013

Uganda ready to build 600 MW Karuma Power Plant
Uganda ready to build 600 MW Karuma Power Plant on the White Nile, China will Fund the mega hydro-power project Egypt will not be happy

KAMPALA Uganda--The Ugandan government is confident that China will provide funding to finance the construction of a 600-megawatt Karuma hydro-power The $2.2 billion plant is major development milestone for war-ravaged northern Uganda

The $2.2 billion plant is major development milestone for war-ravaged northern Uganda, which is slowly recovering from a two-decade civil conflict involving the rebel group Lord's Resistance Army, led by fugitive war lord, Joseph Kony.

"Very soon, we shall be starting negotiations� we intend to enter a bilateral agreement with China for a concessionary loan for the project," said Simon D'ujang.

Source: FoxNews -  http://www.foxbusiness.com/news/2013/04/15/uganda-confident-china-to-fund-600-mw-karuma-power-plant/#ixzz2QXdu1jvt

It would be very interesting to see the Egyptian reaction to the Ugandans announcing they will be building a $2.2 billion 600 MW hydro-power dam on the White Nile.

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