DR Congo: Sino-Congolese JV signs Busanga concession agreement

Minister of energy and water resources Jeannot Matadi Nenga signed a concession agreement on 23 August with Sino-Congolese joint venture Sicohydro for the construction of the 240MW Busanga hydropower station on the Lualaba River.The total cost of the project is estimated at $617m, including $567m for the dam and power station and $50m for the transmission lines. Construction is expected to take five years.