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 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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