Search

China Commits $2.5 Billion Investment in Gabon’s Power Sector

Breaking News
© Allen Dreyfus
  • China pledges $2.5 billion to develop two hydroelectric power plants, aiming to alleviate Gabon’s ongoing energy crisis
  • The investment marks a significant step in bolstering Gabon’s energy infrastructure after years of stalled projects

Libreville, Gabon – China has committed to invest $2.5 billion in Gabon’s power sector, focusing on two major hydroelectric projects intended to address the central African nation’s energy shortfalls. The investment, announced following the Summit of the Forum on China-Africa Cooperation in Beijing, includes the development of the FE2 hydroelectric project and the construction of a 600 MW power plant with transmission lines in Booué, a southern city in Gabon.

You need an active subscription to continue reading this article.

Recent Business

Allen dreyfus Logo
Gabon halts tax breaks after CFA1tn revenue loss
Read More »
jean-papillon-vLZC-lONFg0-unsplash
Senegal resumes fiscal reporting but budget strains deepen
Read More »
othmane-ferrah-rzjB9tl3lPk-unsplash
Morocco holds interest rate at 2.25% amid easing inflation
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights