Uganda: CWE awarded Isimba contract
Issue 260
- 09 Aug 2013
| 1 minute read
China International Water & Electric Corporation (CWE) has been awarded the contract to build the 188MW Isimba dam, Reuters quoted junior energy minister Simon D’Ujanga as saying. D’Ujanga, who also announced the award of the contract for the 600MW Kindaruma project to Sinohydro earlier this year, said: “We’re looking for cheap money to develop our infrastructure projects and China has that money.” The Isimba contract is reported to be financed with a $500m concessional loan from the Export-Import Bank of China.
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